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Greco & Greco’s lawyers have extensive experience representing investors in disputes with their stockbrokers, brokerage firms, financial planners, and investment advisors. Our attorneys use this experience to vigorously pursue recovery of investors' losses caused by securities fraud, churning, lack of suitability, negligence, unauthorized trading, breach of fiduciary duty, theft / embezzlement, ponzi schemes, misstatements, and other misconduct. If you believe that you may have a claim, please contact us for a free consultation. |
Top PagesTenant-in-Common (TIC) 1031 Securities Claims
Nationwide practice, East Coast base, personal attention.Losing one's hard-earned savings can be devastating. Our securities arbitration clients receive individual service and attention from a principal attorney, and our attorneys use their experience to vigorously pursue investors’ claims. While we are based in the Virginia, Maryland, West Virginia, and Washington, D.C. area, Greco & Greco’s securities and stock fraud arbitration attorneys represent clients from across the country and around the world. Greco & Greco has represented securities arbitration Claimants from Florida, California, Texas, New York, Illinois, Indiana, North Carolina, Connecticut, Arizona, Washington, Oregon, Ohio, Pennsylvania, Switzerland, United Arab Emirates, Belgium, China, Canada, and England / United Kingdom (UK).
Areas of Practice
Contingency FeesGreco & Greco regularly represents clients using a contingency fee arrangement. With a contingency fee, the only attorney’s fee paid by the clients is a percentage of monies recovered for the clients.
Free Attorney Consultation "My broker lost my retirement!"We've heard this far too many times. Fortunately, over the years we have been able to help a great many people recover losses caused by the wrongful actions of their stock broker. I personally represented brokerage firms and investors for almost 30 years. I have an understanding of how brokerage firms work, their weaknesses and their strategies. I enjoy applying this knowledge to help investors recover losses resulting from misconduct.
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Recent Arbitration AwardsREQUIRED DISCLAIMER: CASE RESULTS DEPEND UPON A VARIETY OF FACTORS UNIQUE TO EACH CASE AND DO NOT GUARANTEE OR PREDICT A SIMILAR RESULT IN ANY FUTURE CASE UNDERTAKEN BY THIS FIRM. $2 MILLION FINRA AWARD FOR GRECO & GRECO CLIENTSA New York FINRA arbitration panel entered an award for over two million dollars ($1,875,000 in damages plus interest) for five Greco & Greco clients against a Colorado securities broker. The customers incurred severe losses over a short time frame in their accounts involved in a leveraged U.S. Treasury trading program. Read the FINRA award. $3.24 MILLION ARBITRATION AWARD OBTAINED BY GRECO & GRECOGreco & Greco obtained a 3.24 million dollar arbitration award on behalf of a retired Northern Virginia man against his stockbroker and brokerage firm. The case involved churning, unauthorized margin trading, unsuitable recommendations, and securities fraud. In addition to $1,003,725 in compensatory damages, the arbitration panel awarded $1,300,000 in punitive damages, $774,863 in attorneys fees, and pre-award interest. Read the NASD award or read the Virginia Lawyers Weekly article about the case. STOCK LOSS AND ATTORNEYS FEES AWARDED FOR PRIVATE PLACEMENT “SELLING AWAY” CASE.Greco & Greco’s client was awarded her entire investment ($100,000) plus interest and 1/3 attorney’s fees by a Washington, D.C. FINRA arbitration panel. The award was entered jointly against the brokerage firm, despite its claims that it was unaware of its representative’s sale of the non-approved security, and its claim that a release barred the recovery. Read the FINRA award SETTLEMENTSIn addition to the arbitration awards referenced on this page, Greco & Greco has recovered millions of dollars for customers of stock brokers through settlements and mediation of arbitration claims over the past several years. Details of these settlements are subject to confidentiality requirements. RETIRED NORTHERN VIRGINIA COUPLE RECOVERS STOCK MARKET LOSSES AND ATTORNEYS’ FEESGreco & Greco represented a retired Northern Virginia couple in a NASD arbitration seeking the recovery of savings lost by their stockbroker which were earmarked for a new house. The broker had invested all of their life savings and proceeds from their house sale in the stock market through the use of a money manager. The arbitration panel awarded the couple $195,000 in damages (an amount higher than their out-of-pocket losses), $65,000 in attorneys’ fees, and interest from July, 2003. Read the NASD award. RECOVERY BY GRECO & GRECO OF $75,000 PAID OUT OF DISABLED WOMAN’S ACCOUNT TO ALLEGED BUSINESS VENTURE OF BROKER.A Norfolk, Virginia NASD arbitration panel found a brokerage firm liable for $75,000 in savings paid out of a disabled woman’s brokerage account to an alleged business venture of her stock broker on the last day of employment at the firm by her broker. The firm had taken the position that it was not responsible for the “investment” made outside of the firm. Read the NASD award. REGISTERED REP AWARDED BACK COMMISSIONS OWED FROM SPLIT FEE AGREEMENTGreco & Greco’s client in this case was a Norfolk, Virginia broker who had agreed with his partner to set up introductory meetings with institutional clients and to subsequently split the fees earned from these clients. An NASD arbitration was filed seeking the broker’s share of commissions which were not correctly split and paid. The arbitration panel awarded $509,732 in back commissions and interest to Greco & Greco’s client. Read the NASD award. INVESTMENT LOSSES RECOVERED FOR DISABLED CHARLOTTESVILLE WOMANA Richmond NASD arbitration panel recently awarded a disabled Charlottesville, Virginia woman represented by Greco & Greco all of her losses in her investment account ($60,530) plus interest. Her brokerage firm had unsuitably invested her account aggressively in growth stocks despite the woman’s need for income from the account for living expenses for the rest of her life. Read the NASD award. Hot Topics in Securities LawUniversal Lease and Timeshare ClaimsGreco & Greco is currently pursuing claims related to “Universal Lease Programs” and alleged timeshares involving the following entities: Resort Holdings International, Yucatan Resorts, Majesty Travel, Avalon Resorts, and/or Phantasy Travel. Auction Rate SecuritiesAuction Rate Securities (ARS), often sold as liquid cash equivalents, have become a major problem for investors due to the failures of the auctions and the inability of investors to access their funds. Read our article on what you need to know about Auction Rate Securities. Greco & Greco is currently representing ARS investors and reviewing potential new claims of individuals and business entities. Tenant-in-Common (TIC) 1031 Securities ClaimsThe failure of securities salespersons and their firms to perform due diligence on the TIC deals they recommend, and on the sponsors of the TIC deals, can result in disastrous outcomes for their customers who follow their advice if the sponsor of the deal ultimately fails or goes bankrupt. Schwab YieldPlusWas the Schwab YieldPlus fund “smart alternative for your cash” or “one of the more spectacular meltdowns in mutual fund history”? |