If you are the victim of broker fraud, it is crucial to seek legal help as soon as possible. A qualified attorney can help you get the compensation you deserve for your losses. They represent investors who have been the victims of broker fraud. It can include cases of unsuitable investments, churning, unauthorized trading, and more.
However, not all lawyers are the same. You need to choose a legal aid that has experience with broker fraud cases and knows how to win.
This blog post will help you understand the seven questions you should ask a stockbroker fraud lawyer before hiring them.
Importance of Research before Hiring Any Lawyer
You should never hire a lawyer without doing your research first. You need to make sure the lawyer you choose is qualified to handle your case and has a good track record. To be a qualified lawyer, an attorney must experience securities law and broker fraud cases. They should also be a member of the National Association of Securities Lawyers (NASL).
Talk to friends, family, and acquaintances that have used lawyers in the past. Once you have a few names, you can start doing your research.
The first thing you should do is check the lawyer’s website. Ensure they have experience with broker fraud cases and read some of their past case results.
You should also make sure the lawyer is in good standing with the state bar association.You can call the bar association and ask if any complaints have been filed against the lawyer you are considering hiring.
7 Questions to Ask Your Stockbroker Fraud Lawyer
Once you have done your research and chosen a few lawyers you are interested in, it is time to start interviewing them. Here are seven questions you must ask a stockbroker fraud lawyer before hiring them.
- Do You Have Experience With Broker Fraud Cases?
You should always ask a potential lawyer if they have experience with broker fraud cases. This is important because broker fraud cases can be complex and require a specific skill set. If an attorney does not have needed experience with this type of case, they may not know how to navigate the legal system or build a strong case.
- What Is Your Success Rate in These Types of Cases?
When looking for a broker fraud attorney, you need to make sure you choose someone who has a proven track record of success. Ask the lawyer about their success rate in broker fraud cases. This will give you an idea of their experience and whether or not they are likely to win your case.
- How Much Experience Do You Have In Securities Law?
Broker fraud cases often involve securities law. As such, you want to make sure your lawyer has experience in this area of law. Ask the lawyer about their expertise in securities law and how it will help them win your case.
- What Are the Risks and Rewards?
Every case is different and comes with its risks and rewards. Before you hire a lawyer, you should always ask about your case’s potential risks and rewards. This will help you understand the chances of winning and what you could potentially gain or lose.
- Will They Keep You Updated on the Progress of My Case?
When you hire a lawyer, you want to make sure they keep you updated on the progress of your case. Ask the lawyer about their communication policy and how often they will update you on the status of your case.
- What Are Their Fees, and How Are They Structured?
Ask about the hourly rate and whether there are any other associated costs. You should also inquire about the payment structure, such as whether you will be responsible for paying upfront or if the lawyer will take a percentage of the settlement.
- How Many Cases Are They Handling Currently?
When looking for an attorney for a broker scam, you want to make sure that your attorney will be able to provide you with total and complete attention. If your attorney is currently involved in multiple other cases, it may mean that your case will not receive full attention.
In such cases, most bigshot attorneys have a team that can handle your case. It’s always better to make sure you have a dedicated attorney or a team of attorneys who will give you undivided attention.
Asking these seven questions will help you narrow down your options and find the best broker fraud lawyer for your case. If you are a victim of a broker scam, don’t hesitate to contact the best lawyer in your area today.