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Nye County Nevada Investment Fraud Lawyer, Securities Attorney, FINRA Securities Law Firm

Helping Nye County Nevada Clients with Investment Disputes

If you have problems with stock brokers, investment firms, or the securities industry, Bakhtiari & Harrison can help you. We are a law firm that handles complex legal cases involving financial wrongdoing.

This includes arbitration and litigation. We help clients located in Nye County, Nevada. Our lawyers have a lot of experience dealing with securities, employment, and regulatory matters. We focus on providing creative and strategic solutions that meet our clients’ needs.

How We Can Help You in Nye County Nevada

If you lost money due to investment fraud in Nye County, Nevada, Bakhtiari & Harrison can help you. We assist people and companies with securities disputes. This can be done either in court or through arbitration. Arbitration may involve organizations such as FINRA and AAA.

Understanding Nevada Securities Code Violations in Trading Securities

Navigating the world of securities trading can be complex, especially in terms of compliance with the law. Nevada has set up strong legal guidelines to protect investors and maintain the honesty of its financial markets. This article will discuss common violations of the Nevada Securities Code, like suitability, unauthorized trading, misrepresentations, failure to disclose, and unfair business advantage. Let’s dive into the details to better understand how these laws work and why they’re important.

The Offer, Sale, and Purchase of Securities in Nevada

In Nevada, the law that governs the offer, sale, and purchase of securities is NRS 90.570. This statute makes it clear that fraud in any form is prohibited. For instance, it’s illegal to use any trick or scheme to defraud someone. Lying or omitting key facts that mislead others is illegal.

Finally, we do not allow any business practice that defrauds or deceives someone. These rules are in place to keep securities transactions fair and protect investors from dishonest practices.

Duties and Fiduciary Responsibilities of Financial Professionals

NRS 90.575 explains the responsibilities that brokers, salespeople, financial advisors, and their staff have to their clients. Fiduciary duty is a legal obligation to act in the best interest of another party.

In Nevada, these professionals must follow the fiduciary duties outlined in NRS 628A.020. The Administrator can set rules for professionals and decide what actions break those rules to stop violations from happening. This ensures that financial professionals act in their clients’ best interests, safeguarding their financial well-being.

Market Manipulation under Nevada Securities Law

Market manipulation is a serious offense under NRS 90.580. This law, which builds on the principles in NRS 90.570, prohibits several specific types of deceitful activities.

It is illegal to provide inaccurate prices for stocks or to make trades that do not truly transfer ownership of a stock. People do this to create the appearance of higher market activity than actually exists. You cannot place buy or sell orders if you intend to match them just to create the appearance of active trading.

Using tricks or spreading false information about stocks to manipulate the market is illegal. Actions following the Securities Exchange Act of 1934 and SEC rules are not subject to certain regulations. These regulations play a crucial role in ensuring transparency in the securities market and protecting investors from fraud.

Prohibited Securities and Fraudulent Activities

NRS 90.590 is a statute that specifically addresses fraudulent activities by investment advisers and their representatives. It is illegal for these professionals to use any device or scheme to defraud a client. They must not do anything that could trick a client, like fraud or deceitful business practices. This law requires investment advisers to follow strict ethical standards to protect clients from fraud in their financial transactions.

Common Code Violations in Trading Securities

Several common violations under the Nevada Securities Code relate to trading securities. Here are some of them:

  1. Churning happens when a broker trades too much in a client’s account to earn more commissions for themselves. This behavior violates fiduciary duties and can lead to significant losses for the client.
  2. Front-running is when a broker trades a security for themselves using insider knowledge of their customers’ pending orders. This practice is illegal and undermines the fairness of the market.
  3. Ponzi Schemes involve paying earlier investors with money from new investors, not from actual profits. Ponzi schemes are a form of fraud and are explicitly addressed by Nevada securities laws.
  4. Insider trading happens when someone buys or sells a company’s stock. They do this using important information that the public does not know. Insider trading is illegal because it gives an unfair advantage and undermines trust in the financial markets.
  5. Failure to Supervise: This violation occurs when supervisors fail to adequately oversee the actions of brokers. Lack of supervision can lead to various forms of misconduct, which are violations of Nevada securities laws.

Knowing Nevada’s securities laws helps investors and financial professionals manage the complicated world of securities trading more effectively. Adhering to these regulations is essential for maintaining trust, fairness, and transparency in the financial markets. Knowing the rules and laws that govern common violations can help you protect yourself and your clients. This ensures that everyone is following the law and maintaining high standards of honesty and fairness.

Contact Us Nye County Residents

If you believe you have been a victim of investment fraud, reach out to Bakhtiari & Harrison. They offer a free consultation with their securities fraud lawyers. We help clients throughout Nevada, including Carson City, Churchill County, Clark County, Douglas County, Elko County, Lyon County, Nye County, Washoe County and cities including Henderson, Las Vegas, Reno, Sparks. Our goal is to work tirelessly to help you recover your financial losses.