There is no question that one of the most complex constructs in the United States is that of the judicial system. There are people who go to law school for an upwards of 8 years trying to seek the highest form of school achievements in the realm of the court of law. Understand that if you ever need to get a business attorney, an injury attorney, a probate litigation attorney, or just litigation attorneys, then you should proceed forward without question.
Now, this is not to say that you should hire litigation attorneys for any situation you are in, but instead, it means you should consult with an attorney or lawyer that can understand your situation and help you out. Here is what you should know about how and when you need to work with litigation attorneys.
In the United States by the year 2015, there were a number of 26,823 securities brokerages. In that same year, the total payroll wages of United States securities brokerages amounted to $63 billion. Yes, you read that number correctly, $63 billion. If you find yourself mixed up in brokering or frauds then you need to seek from litigation attorneys without question. Understand that in 2015, the SEC charged Deutsche Bank AG with the action of purposefully filing wrong financial reports amidst the financial crisis which forced the bank to pay a $55 million penalty.
In the previous year of 2014, corporate fraud pending cases reached a number of 633, while securities and commodities fraud pending cases hit a number of 1,639. Litigation attorneys were needed for many of these people. Whereas, the inexperience of operators were a contributing factor to 391 boat accidents that year and these people needed the help of personal injury lawyers instead of litigation attorneys in their time of need. Those who needed litigation attorneys were the ones who suffered about $38.87 million in total damage caused by boating accidents.
Some of the latest data gathered by the FBI suspects that in 2009 there were 1,510 pending securities and commodities fraud cases, meaning this problem has existed for quite some time. In 2014 the SEC was involved in two other lawsuits. They filed charges against the Bank of America in which the Bank admitted they failed to inform investors during the financial crisis of uncertainties to future income. They also charged three firm entities working with Morgan Stanley and settled by charging them $275 million, which was returned to the harmed investors.
There are many deceptive practices like pyramid schemes and securities fraud which require litigation attorneys to help you out. Stock fraud, investment fraud, and securities fraud are all the same and involve the stock or commodities markets making investors purchase or sell based on false information which leads to losses and directly violates security laws. A pyramid scheme, on the other hand, starts with a recruiter on top of a company. They recruit another worker who needs to invest money, which is given to the first worker. Then the new recruit must get more recruits and must get them to invest as well and thus the business is essentially a fraud.
In conclusion, you deserve to be treated and should not fall to fraud. The fiscal year of 2014 saw the SEC filing a record number of 755 enforcement actions that covered a vast array of misconduct and totaled up to $4.16 billion in penalties. This is not to say you should never trust banks or investors but instead to say if you think something is wrong to seek help from litigation attorneys. No one else will be able to get you the help you need.