Arizona Hedge Fund Fraud Attorney
Investment advisers have a great deal of discretion and control over customer's money. With this discretion comes a high level of responsibility, called a fiduciary duty, which is owed to the customer.
Investment advisers are typically compensated based on a percentage of the assets under management, rather than on transactions. As a result, the interests of the investment adviser and the customer are supposed to be aligned. Those interests are not aligned, however, when the investment adviser:
- Picks the wrong investment
- Misrepresents the risks of an investment
- Charges excessive markups and advisory fees
- Funnels a customer's money to hedge funds or other investments set up by the investment adviser to serve the adviser's interests rather than the customer's
- Does not disclose conflicts or the details of the relationship between the investment adviser and the investment being offered
- Places numerous customers in the same investment, regardless of their differing financial circumstances
- Runs Ponzi schemes
The attorneys of Bade Baskin Richards represent both customers and investment advisers in claims arising out of alleged investment adviser fraud and misconduct. From our law office in the Phoenix suburb of Tempe, we serve clients in Arizona and throughout the southwestern United States. Our attorneys are admitted to practice only in Arizona, and we associate with local counsel to handle cases in other jurisdictions.
If you have a claim against and investment adviser or are accused of investment adviser fraud, your choice of a lawyer to represent you in a securities case is one of the most important decisions you will make. Attorney Alan Baskin has more than 20 years of securities law experience, including 7 years prosecuting these types of cases administratively, civilly and criminally, first as senior counsel in the Enforcement Section of the Securities Division of the Arizona Corporation Commission, and then as an Assistant Attorney General in the Organized Crime and Fraud Section of the Arizona Attorney General's Office. Alan handles criminal charges arising from alleged investment adviser fraud. Bill Richards spent 11 years handling securities industry disputes on behalf of several large brokerage firms, and has broadened his practice to include investor representation.
For More Information About Investment Adviser Fraud
For more information or to schedule a consultation with Phoenix investment adviser fraud attorney Alan Baskin, call 888-366-1847 or fill out the contact form on this site.
