Financial Institution and Securities Law Claims

Both businesses and individuals are damaged when banks, brokerages, security dealers, financial advisers and other related entities fail in their duty to customers.

Many claims involving banks and other financial institutions are governed by the Uniform Commercial Code in the jurisdiction in which the transaction leading to damage occurred. The following are certain types of claims that may arise: (A) Uniform Commercial Code claims under Article 3 (Negotiable Instruments), Article 4 (Bank Deposits and Collections), Article 4A (Fund Transfers), or Holder in Due Course Issues; (B) Common Law claims such as Breach of Contract, Breach of Fiduciary Duty, Constructive Fraud/ Misrepresentation, Aiding and Abetting, Negligence, Unjust Enrichment, and Conversion; and (C) Claims under the Uniform Fiduciaries Act, Consumer Protection and Criminal laws.

Claims involving stockbrokers and other investment professionals are governed by state and federal laws/regulations. Investment professionals are accountable to the Financial Industry Regulatory Authority (“FINRA”), which also is the forum in which many claims against investment professionals are determined. False promises and fraudulent inducement to purchase securities as well as other unlawful commercial practices could lead to liability for the investment professional where the consumer is damaged.

Should you seek legal advice and representation, contact the law firm of Henrichsen Siegel, P.L.L.C. for a thorough and confidential consultation.