What To Do If You're a Victim of Investor Fraud

Investor Fraud? Maximum/Fast Damage Compensation! Pay us when we win. www.ParadFirm.com

Skokie, IL (PRWEB) December 21, 2003 --A few mutual fund companies have come under the scrutiny of the SEC over the last couple of months. The primary issues revolve around illegal late trading, market timing and self-dealing. One quarter of the nation's largest brokerage houses helped clients illegally trade after hours. This benefited a select group of individuals at the expense of the vast majority of mutual fund investors. Management fees reaped by these companies were more than $50 billion.

According to Boris Parad, Principal of Parad Law Offices, consumers who have plans with the investment companies that have been charged with wrongdoing so far should consider obtaining professional and/or legal advice on their options regarding potential class action lawsuits. Even investors who seem to have suffered no exposure to any of these identified mutual fund companies should review their portfolios and question their investment advisors for possible negative impact that could be eligible for compensation of damages caused by losses due to:
•   In multi-class mutual funds, the primary differences among the classes of shares are the type and amount of fees charged to investors.
•   Mutual fund breakpoints are sales charge discounts available to customers who purchase large amounts of certain classes of shares in mutual funds that charge commissions.
•   Some funds will impose short- term redemption fees to discourage investors from moving in and out of them quickly.
•   Fund families that close their funds with regularity are a sign the fund manager does not want to take new money, because he or she feels there are not enough opportunities for new money in their portfolios.

Class action lawsuits against one or several persons, companies, or states are based on facts common to every member of the class", or group, of plaintiffs. The size of the class is not limited. One plaintiff may sue on behalf of the entire class. Plaintiffs may live in different states. Remedies consisting of actual damages, treble damages, and injunction against continuing the activity, are decided by the court. Those who initiate the lawsuit (called class representatives") typically receive much more than other class members.
As Parad points out, the majority of investments are safe and legitimate; however, it is in the consumers best interest to ask questions and probe deeper for the facts.

Boris Parad has litigated cases in both federal and state courts in Illinois, Colorado, Michigan and argued cases in the Illinois appellate courts. His background and the firms services on hot issues involving fraud, breach of contract and product caused injuries are described at www.ParadFirm.com or he can be reached directly at bparad@paradfirm.com.

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