New York Investment Fraud Lawyers & FINRA Attorneys
Investment fraud lawyers serving investors throughout New York State
New York is the financial capital of the United States — home to the largest concentration of broker-dealers, investment banks, hedge funds, and registered investment advisers in the world. New York State investors include individual retail investors across all five boroughs and every upstate community, high-net-worth professionals and executives concentrated on Manhattan’s Upper East Side and in Westchester County, Long Island, and Connecticut, and institutional investors whose assets are managed through New York’s financial industry.
Bakhtiari & Harrison has specific New York credentials that distinguish it from out-of-state firms with no New York bar connection. Ryan Bakhtiari is admitted in the Southern District of New York — the Manhattan federal court that handles the most significant securities litigation in the country. David Harrison is admitted in New York, served as a New York City assistant district attorney, and has specific knowledge of New York’s legal landscape from his time at Morgan Stanley in New York. FINRA arbitration hearings for New York investors are held at the New York FINRA hearing location at One Liberty Plaza, Manhattan.
Investment fraud and misconduct claims we handle
- Unsuitable investment recommendations: brokers who recommend investments inconsistent with an investor’s risk tolerance, financial situation, or investment objectives violate FINRA Rule 2111 and Regulation Best Interest.
- Broker fraud and misrepresentation: material misstatements and omissions in connection with an investment recommendation are actionable under federal securities law and FINRA rules.
- Unauthorized trading: executing transactions without prior client authorization violates the account agreement and FINRA rules.
- Churning and excessive trading: excessive trading to generate commissions at the investor’s expense is actionable as a suitability violation and a breach of the duty of care.
- Overconcentration: failing to maintain adequate diversification in a single security, sector, or product is a suitability violation.
- Product failure: unsuitable recommendations of complex or illiquid products including non-traded REITs, structured notes, variable annuities, leveraged ETFs, and private placements.
- Elder financial fraud: financial professionals who exploit elderly or vulnerable investors face enhanced liability under federal and state elder financial abuse statutes.
- Failure to supervise: brokerage firms bear independent liability under FINRA Rule 3110 for failing to adequately supervise their registered representatives.
New York cities — investment fraud lawyers near you
New York investment fraud lawyers at Bakhtiari & Harrison are focused on the representation of New York based clients in FINRA and AAA arbitration, litigation, and related legal matters involving the securities industry. The firm’s partners have extensive experience in securities, employment and regulatory matters. Our focus is on delivering strategic and creative client-centric solutions.
Bakhtiari & Harrison represents investors throughout New York State. For city-specific information visit the pages for New York City Buffalo, Rochester, Yonkers and Syracuse. The firm also represents investors throughout the state including Yonkers, Albany, White Plains, and all other New York communities.
New York securities law — the Martin Act
New York investors have access to the Martin Act — New York General Business Law Article 23-A, Section 352 et seq. — one of the most powerful state securities statutes in the country. The Martin Act’s broad prohibition on fraudulent practices in the offer and sale of securities has been used by New York’s Attorney General to pursue some of the most significant securities enforcement actions in history. Private plaintiffs also have access to Martin Act-based claims in civil proceedings alongside federal and FINRA claims.
New York General Business Law Section 352-c specifically prohibits unauthorized trading — brokers executing trades without client consent. Bakhtiari & Harrison evaluates New York state law claims including Martin Act claims alongside federal and FINRA claims for New York investors.
New York financial industry — investor fraud patterns
New York’s concentration of major financial institutions creates specific investor fraud patterns. Bank-affiliated brokers recommending proprietary products with undisclosed conflicts of interest, hedge fund misrepresentation targeting the state’s large community of accredited and ultra-high-net-worth investors, structured product fraud by major investment banks, and unsuitable recommendations to sophisticated New York investors who are then told their sophistication eliminates their claims — these are the patterns that Bakhtiari & Harrison prosecutes in FINRA arbitration for New York investors.
David Harrison’s background as a New York City assistant district attorney and Morgan Stanley in-house counsel gives the firm specific knowledge of how New York financial institutions approach investor claims and how to defeat the sophistication defense that Wall Street firms routinely deploy.
Why choose Bakhtiari & Harrison as your New York investment fraud lawyers
- $250 million+ recovered. Four decades of results for investors in FINRA arbitration and securities litigation nationwide.
- Former FINRA NAMC Chairman. Ryan Bakhtiari served as Chairman of the FINRA National Arbitration and Mediation Committee from 2013 to 2017 — the body that writes the rules governing every FINRA arbitration proceeding.
- Former Morgan Stanley in-house counsel. David Harrison spent years as in-house counsel at Morgan Stanley Dean Witter and began his career as a Series 7-licensed registered representative at Shearson Lehman Brothers.
- State bar admission. Ryan Bakhtiari is admitted in Texas, New York, and the District of Columbia in addition to California — giving investors in these states direct access to admitted counsel.
- FINRA hearings near you. FINRA arbitration hearings are held at the regional location nearest the claimant — investors do not need to travel to California.
- Contingency fee representation. No recovery, no fee. Initial consultations are free.
Frequently asked questions — New York investment fraud lawyers
Does Bakhtiari & Harrison have New York bar admission?
Yes. David Harrison is admitted in New York. Ryan Bakhtiari is admitted in the Southern District of New York (federal court). This gives New York investors direct access to New York-admitted counsel for both FINRA arbitration and federal court securities litigation in Manhattan and throughout New York State.
What is the deadline to file a FINRA arbitration claim in New York?
Under FINRA Rule 12206, claims must be filed within six years of the events giving rise to the dispute. New York investors may also have state law claims under the Martin Act and other New York statutes with their own limitations periods. Contact Bakhtiari & Harrison promptly — time limits are strictly enforced.
Where are FINRA arbitration hearings held for New York investors?
FINRA arbitration hearings for New York investors are held at the New York FINRA hearing location at One Liberty Plaza, New York, NY 10006. Bakhtiari & Harrison appears at the New York FINRA hearing location and represents New York investors throughout the arbitration process.
Does Bakhtiari & Harrison represent investors throughout New York State — not just in New York City?
Yes. Bakhtiari & Harrison represents investors throughout New York State — in New York City, Rochester, Buffalo, Syracuse, Yonkers, Albany, White Plains, Long Island, Westchester County, and every other New York community. FINRA arbitration hearings are held near the claimant’s residence, so distance from Manhattan is not a barrier to representation.
Contact our New York investment fraud lawyers — free consultation
Contact Bakhtiari & Harrison for a free, confidential consultation. Our FINRA attorneys evaluate every potential investor claim at no charge. Investor cases are handled on a contingency fee basis — no recovery, no fee.
Investor cases are handled on a contingency fee basis — no recovery, no fee.
Call: (800) 382-7969 | Contact Us