I lost hundreds of thousands of dollars because I didn't take the time to educate myself about the investment world
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Los Angeles, CA (PRWEB) March 17, 2009
With the recent arrest of Ponzi financier Bernard L. Madoff, the Securities Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) reports that phony securities cost U.S. investors between $10 and $15 billion a year - more than a million dollars an hour. Losing one's life's savings through unethical brokers and broken securities laws is not a normal market risk. Yet, only 5 percent of investors ever seek recourse. Investment and securities attorney, Fredrick J. Todd, senior partner of Todd, Ferentz, Schwarcz & Rimberg, LLP, suggests that investors do have a way to recover lost assets.
Victimized investors come from all walks of life: young, old, rich and poor. But one thing they all have in common is they've all lost money through bad investment advice and broker abuse. Says Todd, "Although there are many decent and skilled brokers in the business, it's all too easy for a naive and uneducated investor to be taken advantage of. Many investors understand and accept normal market risks, but up until recently, did not realize that brokers who made the fraudulent investments were committing a crime."
Hollywood actor Richard Hatch (Battlestar Galactica) is one of such investors. "I lost hundreds of thousands of dollars because I didn't take the time to educate myself about the investment world," states Hatch. "So, instead of finding a qualified broker, I ended up turning my money over to unscrupulous investors that I believed had my interests at heart. And, they didn't!" He's not alone. Hollywood producer Jeffrey Katzenberg, actor Kevin Bacon, and even director Steven Spielberg's charities lost millions in the recent Madoff scandal.
In a free video narrated by Hatch, "Investing Money Is Serious Business, So Is Losing It!," the actor shares his own experiences with investment mistakes and abuse, what possible rights to recovery there are, and the process of legal recourse to get some or all of a victim's money back. It can be viewed now on YouTube, MySpace, or downloaded from the Todd's law firm website, Loss-Retrieval.com. "Become an informed investor. Make bad brokers accountable and get your money back," says Hatch.
The law firm of Todd, Ferentz, Schwarcz & Rimberg, LLP, provides free claim evaluations for bilked investors in all 50 states, and are available at (323) 302-9488 or toll-free at (877) LOSS-RET, or via email through TFSR-Law.com.