There has been a steady rise in the number of high-profile investment frauds all over the world. Many people have lost millions of dollars to well calculated investment scams, with the United States being the most affected country. It is important you hire a lawyer to help you deal with fraudsters and get your money back if you have been affected.
What an Investment Fraud Lawyer Will Do for You
A good lawyer will review all the documents and examine the facts presented to determine whether you have a viable case. He will then identify whether your case should be started in court or taken to FINRA for more reviews. A good lawyer will also single out the relevant legal theories you can use to obtain relief and walk you through the complicated legal processes associated with investment fraud.
How to Get the Right Lawyer
Your choice of a lawyer is the most important step you will take in the entire process of recovering your lost investments. Here is what you need to do.
1 Consider the lawyer’s credentials
Someone who aspires to be a lawyer in the US must be a member of the American Bar Association. He must also attend a fully accredited law school and pass relevant examinations administered by regulatory bodies. Ensure your lawyer has all the documents showing that he met all these requirements.
2 Consider experience
You need to hire someone who knows all the rules and regulations in the financial industry. He must have a considerable knowledge in securities and have experience in both FINRA arbitration and court litigation. A good lawyer should have at least five years of experience dealing with investment fraud cases and a perfect track record.
3 Consider the case load
Your lawyer should have a few open cases. Someone who has hundreds of open cases may not give you the desired attention.
4 Consider the lawyer’s reputation
You need to find out if the Los Angeles investment fraud lawyer is respected by others in the field. You can check how he is rated by other lawyers and find out if he has published any articles or books in his field. Someone who has published books and articles has an intuitive understanding of the legal issues your case presents.
5 Schedule an Interview
Interview at least three individuals you consider most suited for the job. Ask them how they plan to handle your case and how much it will cost. Let them tell you about the likely outcome of your case and what alternatives are there to trial. Get to know about their past work records and check to see if they have all the certification and licensing documents. You should also know how long the case will take and what mode of communication the lawyer will use.
A lawyer will determine whether you will get your investments back or not. You need to make your decision based on the lawyer’s level of experience, reputation, credentials and listening skills. Rate the lawyer based on how he scores in the factors mentioned above. Above all, go for someone you are comfortable and confident with.