Securities Attorneys

Securities Lawyers protecting investors’ rights

Highly experienced, nationwide practice, personal attention

North Carolina Securities Fraud Resources

Free Attorney Consultation
Toll-free 877-821-5550
Or Click Here

Hablamos Español (Pregunte por Ileana)

Greco & Greco, P.C., Securities Fraud Lawyers

Our attorneys have extensive experience representing investors in disputes with their stockbrokers, brokerage firms, financial planners, and investment advisors. We use this experience in arbitration and federal and state court to aggressively pursue recovery of investors' losses resulting from securities fraud, churning, lack of suitability, negligence, unauthorized trading, stockbroker malpractice, and other unlawful actions.  If you feel that you may have a claim, please contact us for a free consultation with one of our attorneys. 

Greco & 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.

Greco & Greco is an Martindale AV-rated firm

Greco & Greco is an AV® Preeminent™ Peer Review Rated firm.

If an individual investor has a dispute with a FINRA brokerage firm or stock broker, he/she most likely will have to arbitrate through FINRA’s Dispute Resolution system.  FINRA Arbitration holds arbitration hearings in two North Carolina cities:  Raleigh, North Carolina and Charlotte, North Carolina. 

The North Carolina Secretary of State, Securities Division, in Raleigh, North Carolina, regulates the sales of securities in the state of North Carolina.  Its website provides information on state securities Statutes and Rules, and information on how to file a complaint. 

North Carolina’s Securities Act is similar to many states’ Acts with regard to providing for civil liability for the commission of securities fraud in the sale of securities (including untrue statements of material fact or omissions of material fact).  The statute provides for rescission (or damages if the investor no longer owns the security), reasonable attorney’s fees, and interest.

The Civil Liability section of the North Carolina Securities Act is as follows:

§ 78A‑56.  Civil liabilities.
(a)        Any person who:
(1)        Offers or sells a security in violation of G.S. 78A‑8(1), 78A‑8(3), 78A‑10(b), 78A‑13, 78A‑14, 78A‑24, or 78A‑36(a), or of any rule or order under G.S. 78A‑49(d) which requires the affirmative approval of sales literature before it is used, or of any condition imposed under G.S. 78A‑27(d) or 78A‑28(g), or
(2)        Offers or sells a security by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading (the purchaser not knowing of the untruth or omission), and who does not sustain the burden of proof that he did not know, and in the exercise of reasonable care could not have known, of the untruth or omission,
is liable to the person purchasing the security from him, who may sue either at law or in equity to recover the consideration paid for the security, together with interest at the legal rate from the date of payment, costs, and reasonable attorneys' fees, less the amount of any income received on the security, upon the tender of the security, or for damages if the purchaser no longer owns the security. Damages are the amount that would be recoverable upon a tender less the value of the security when the purchaser disposed of it and interest at the legal rate as provided by G.S. 24‑1 from the date of disposition.
(b)        Any person who purchases a security by means of any untrue statement of a material fact or any omission to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading (the seller not knowing of the untruth or omission), and who does not sustain the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the untruth or omission, shall be liable to the person selling the security to him, who may sue either at law or in equity to recover the security, plus any income received by the purchaser thereon, upon tender of the consideration received, or for damages if the purchaser no longer owns the security. Damages are the excess of the value of the security when the purchaser disposed of it, plus interest at the legal rate as provided by G.S. 24‑1 from the date of disposition, over the consideration paid for the security.
(b1)      A person who willfully violates G.S. 78A‑12 is liable to a person who purchases or sells a security, other than a security traded on a national securities exchange or quoted on a national automated quotation system administered by a self‑regulatory organization, at a price that was affected by the act or transaction for the damages sustained as a result of the act or transaction. Damages are the difference between the price at which the securities were purchased or sold and the value the securities would have had at the time of the person's purchase or sale in the absence of the act or transaction, plus interest at the legal rate as provided by G.S. 24‑1 from the date of the purchase or sale, costs, and reasonable attorneys' fees determined by the court.
(c)       (1)        Every person who directly or indirectly controls a person liable under subsection (a), (b), or (b1) of this section, every partner, officer, or director of the person, every person occupying a similar status or performing similar functions, and every dealer or salesman who materially aids in the sale is also liable jointly and severally with and to the same extent as the person, unless able to sustain the burden of proof that the person did not know, and in the exercise of reasonable care could not have known, of the existence of the facts by reason of which the liability is alleged to exist.
(2)        Unless liable under subdivision (1) of this subsection, every employee of a person liable under subsection (a), (b), or (b1) of this section who materially aids in the transaction giving rise to the liability and every other person who materially aids in the transaction giving rise to the liability is also liable jointly and severally with and to the same extent as the person if the employee or other person actually knew of the existence of the facts by reason of which the liability is alleged to exist.
(3)        There is contribution among the several persons liable under subdivisions (1) and (2) of this subsection as provided among tort‑feasors pursuant to Chapter 1B of the General Statutes.
(d)       Any tender specified in this section may be made at any time before entry of judgment. Tender shall require only notice of willingness to exchange the security for the amount specified. Any notice may be given by service as in civil actions or by certified mail addressed to the last known address of the person liable.
(e)        Every cause of action under this statute survives the death of any person who might have been a plaintiff or defendant.
(f)        No person may sue under this section for a violation of G.S. 78A‑24 or G.S. 78A‑36 more than two years after the sale or contract of sale.
No person may sue under this section for any other violation of this Chapter more than three years after the person discovers facts constituting the violation, but in any case no later than five years after the sale or contract of sale, except that if a person who may be liable under this section engages in any fraudulent or deceitful act that conceals the violation or induces the person to forgo or postpone commencing an action based upon the violation, the suit may be commenced not later than three years after the person discovers or should have discovered that the act was fraudulent or deceitful.
(g)       (1)        No purchaser may sue under this section if, before suit is commenced, the purchaser has received a written offer stating the respect in which liability under this section may have arisen and fairly advising the purchaser of his rights; offering to repurchase the security for cash payable on delivery of the security equal to the consideration paid, together with interest at the legal rate as provided by G.S. 24‑1 from the date of payment, less the amount of any income received on the security or, if the purchaser no longer owns the security, offering to pay the purchaser upon acceptance of the offer an amount in cash equal to the damages computed in accordance with subsection (a); and stating that the offer may be accepted by the purchaser at any time within 30 days of its receipt; and the purchaser has failed to accept such offer in writing within the specified period.
(2)        No seller may sue under this section if, before suit is commenced, the seller has received a written offer stating the respect in which liability under this section may have arisen and fairly advising the seller of his rights; offering to return the security plus the amount of any income received thereon upon payment of the consideration received, or, if the purchaser no longer owns the security, offering to pay the seller upon acceptance of the offer an amount in cash equal to the damages computed in accordance with subsection (b); and providing that the offer may be accepted by the seller at any time within 30 days of its receipt; and the seller has failed to accept such offer in writing within the specified period.
(3)        Offers shall be in the form and contain the information the Administrator by rule prescribes. Every offer under subsection (g) of this section shall be delivered to the offeree or sent by certified mail addressed to the offeree at the offeree's last known address. The person making the offer shall file a copy of the rescission offer with the Administrator at least 10 days before delivering the offer to the offeree. If an offer is not performed in accordance with its terms, suit by the offeree under this section shall be permitted without regard to this subsection.
(h)        No person who has made or engaged in the performance of any contract in violation of any provision of this Chapter or any rule or order hereunder, or who has acquired any purported right under any such contract with knowledge of the facts by reason of which its making or performance was in violation, may base any suit on the contract.
(i)         Any condition, stipulation, or provision binding any person acquiring any security to waive compliance with any provision of this Chapter or any rule or order hereunder is void.
(j)         The rights and remedies provided by this Chapter are in addition to any other rights or remedies that may exist at law or in equity, but this Chapter does not create any cause of action not specified in this section or G.S. 78A‑37(d). If the requirements of Chapter 1D of the General Statutes are met, punitive damages are available to the extent provided in that Chapter.
(k)        The purchaser of a viatical settlement contract may rescind or cancel the purchase agreement for any reason by providing written notice of rescission or cancellation to the issuer or the issuer's agent, by certified mail, return receipt requested, within 10 business days after each of the following: (i) the date on which the purchase agreement for the viatical settlement contract is signed by the purchaser, and (ii) the date of actual notice to the purchaser of the assignment, transfer, or sale of all or a portion of an insurance policy on which the viatical settlement contract is based. Notice of rescission is effective upon deposit in the United States mail. The notice of rescission need not take a particular form and is sufficient if it expresses the intention of the purchaser to rescind the transaction. For purposes of this subsection and subsection (k1) of this section only, the rescission period of 10 business days following the purchaser's signing of the purchase agreement shall also be known as the "initial 10‑day rescission period."
(k1)      Immediately upon receipt of any consideration by an issuer or its agent pursuant to a viatical settlement purchase agreement, the issuer or its agent shall deliver the consideration to a domestic independent escrow agent. For purposes of this section, "domestic independent escrow agent" means an escrow agent, located in this State, and not affiliated with the issuer, its affiliate, its officers or directors, or its promoter, or any agents thereof. The domestic independent escrow agent shall maintain the funds received, in their entirety, in an escrow account or trust account located in this State, for the initial 10‑day rescission period following the signing of the purchase agreement, as provided in subsection (k) of this section, unless the domestic independent escrow agent, prior to the completion of the initial 10‑day rescission period, receives notice of the purchaser's cancellation or rescission of the purchase agreement in accordance with this section. If the purchase agreement is rescinded or cancelled within the initial 10‑day rescission period, the domestic independent escrow agent shall immediately deliver the funds, in their entirety along with any interest earned on the funds during the time in which the funds were held in escrow, to the purchaser upon receiving notice, by certified mail, from the issuer or its agent that the purchase agreement has been rescinded or cancelled by the purchaser. If the purchase agreement has not been rescinded or cancelled within the initial 10‑day rescission period, the domestic independent escrow agent shall release the funds to the issuer or its agent in a manner to be determined by agreement between the issuer and the domestic independent escrow agent. Until the funds become available for release by the domestic independent escrow agent to the issuer upon the expiration of the initial 10‑day rescission period without rescission or cancellation by the purchaser, the funds are not subject to claims by creditors of the issuer, its affiliates, or associates.
(l)         Within 90 days after the sale or execution of a contract of sale for an investment of funds intended to be used to purchase a viatical settlement contract or contracts, the seller shall provide the purchaser with a rescission offer in accordance with rules prescribed by the Administrator, if, within that period, there has not been the identification of each and every viatical settlement contract acceptable to the purchaser which has been or shall be purchased for the investment. The purchaser may accept the rescission offer within 10 business days after receiving it. Acceptance of the rescission offer is effective upon compliance by the purchaser with the procedural requirements for notice of rescission or cancellation by a viatical settlement purchaser set forth in subsection (k) of this section. The seller shall keep a record of the rescission offer and its acceptance or rejection for at least three years after providing that offer and shall provide that record to the Administrator at the Administrator's request. For purposes of this subsection only, "purchaser" means a person who executes a contract of sale, with a seller, for an investment of funds to be used to purchase a viatical settlement contract or viatical settlement contracts when, at the time of execution of the contract, each and every viatical settlement contract to be purchased pursuant to the investment has not been identified.

FINRA securities brokerage firms with their main offices in North Carolina:

7M SECURITIES, LLC
201 S. COLLEGE STREET, SUITE 2385, CHARLOTTE, NC 28244

ALTERNATIVE STRATEGIES BROKERAGE SERVICES, INC.
401 SOUTH TRYON STREET, CHARLOTTE, NC 28288-1195

ANDERSON LENEAVE & CO.
6000 FAIRVIEW ROAD, SUITE 625, CHARLOTTE, NC 28210

AQUEDUCT CAPITAL GROUP, LLC
2820 SELWYN AVENUE, SUITE 550, CHARLOTTE, NC 28209

ASHTON STEWART & CO., INC.
150 FAYETTEVILLE STREET, SUITE 1130, RALEIGH, NC 27601

BB&T INVESTMENT SERVICES, INC.
200 SOUTH COLLEGE STREET, 8TH FLOOR, CHARLOTTE, NC 28202

BLACKARCH SECURITIES LLC
121 WEST TRADE ST., SUITE 2800, CHARLOTTE, NC 28202

CAPE FEAR SECURITIES, INC.
822 ANCIENT COURT, 2ND FLOOR, FAYETTEVILLE, NC 28312

CAPITAL GUARDIAN, LLC
2709 WATER RIDGE PARKWAY, SUITE 100, CHARLOTTE, NC 28217

CAPITAL INVESTMENT BROKERAGE, INC.
17 GLENWOOD AVENUE, RALEIGH, NC 27603
Mailing Address: P.O. BOX 32249, RALEIGH, NC 27622

CAPITAL INVESTMENT GROUP, INC.
17 GLENWOOD AVE, RALEIGH, NC 27603
Mailing Address: P.O. BOX 32249, RALEIGH, NC 27622

CAPITAL MANAGEMENT OF THE CAROLINAS, LLC
1520 SOUTH BOULEVARD, SUITE 230, CHARLOTTE, NC 28203

CAROLINA SECURITIES, INC.
1225 CRESCENT GREEN, SUITE 115, CARY, NC 27518

CAROLINAS INVESTMENT CONSULTING LLC
5605 CARNEGIE BOULEVARD - SUITE 400, CHARLOTTE, NC 28209

CONSOLIDATED SECURITIES
1901 ROXBOROUGH ROAD, SUITE 118, CHARLOTTE, NC 28211

DRAGONFLY CAPITAL PARTNERS, LLC
1310 S. TRYON ST., SUITE 109, CHARLOTTE, NC 28203

E&A ADVISORS, LLC
5960 FAIRVIEW ROAD, SUITE 400, CHARLOTTE, NC 28210

EDGEVIEW CAPITAL SECURITIES, LLC
201 S. COLLEGE STREET, SUITE 2000, CHARLOTTE, NC 28244

ELEVATION, LLC
214 N. TRYON STREET, SUITE 3010, CHARLOTTE, NC 28202

FENNEBRESQUE & CO., LLC
100 N. TRYON STREET, SUITE 2710, CHARLOTTE, NC 28202

FIDUS SECURITIES, LLC
121 WEST TRADE STREET, SUITE 1800, CHARLOTTE, NC 28202

FIRST BALLANTYNE, LLC
13950 BALLANTYNE CORPORATE PLACE, SUITE 185, CHARLOTTE, NC 28277-2747

FIRST CITIZENS INVESTOR SERVICES, INC.
4300 SIX FORKS ROAD, RALEIGH, NC 27609
Mailing Address: P.O. BOX 27131, RALEIGH, NC 27611-7131

FIRST TRYON SECURITIES, LLC
1355 GREENWOOD CLIFF, SUITE 401, CHARLOTTE, NC 28204

FIRST WINSTON SECURITIES, INC.
121-E REYNOLDA VILLAGE, WINSTON-SALEM, NC 27106

FRANKLIN STREET SECURITIES, INC.
1450 RALEIGH ROAD, SUITE 300, CHAPEL HILL, NC 27517
Mailing Address: 1450 RALEIGH RD, SUITE 300, CHAPEL HILL, NC 27517

GPC SECURITIES, INC.
600 PEACHTREE ST NE, 2ND FL, GA1-006-02-54, ATLANTA, GA 30308
Mailing Address: 101 S TRYON ST, NC1-002-19-44, CHARLOTTE, NC 28255

HATTERAS CAPITAL
8540 COLONNADE CENTER DR, # 401, RALEIGH, NC 27615

IJL FINANCIAL ADVISORS, LLC
11006 RUSHMORE DRIVE, SUITE 150, CHARLOTTE, NC 28277

INNOVATION PARTNERS LLC
2423A PLANTATION CENTER DRIVE, MATTHEWS, NC 28105
Mailing Address: PO BOX 1300, MATTHEWS, NC 28106

INTERCAROLINA FINANCIAL SERVICES, INC.
3300 BATTLEGROUND AVENUE SUITE 400, GREENSBORO, NC 27410-2447

JACKSON & SMITH INVESTMENT SECURITIES, LLC
275 W. MAIN AVENUE, GASTONIA, NC 28052
Mailing Address: P. O. BOX 876, GASTONIA, NC 28053-0876

JBS LIBERTY SECURITIES, INC.
8320 UNIVERSITY EXECUTIVE PARK DRIVE, SUITE 112, CHARLOTTE, NC 28262

MCCOLL PARTNERS, LLC
100 NORTH TRYON STREET, SUITE 5400, CHARLOTTE, NC 28202

MCMILLION SECURITIES, INC.
701 GREEN VALLEY RD SUITE 104, GREENSBORO, NC 27408
Mailing Address: P.O. BOX 21447, GREENSBORO, NC 27420

MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
ONE BRYANT PARK, NEW YORK, NY 10036
Mailing Address: 101 S TRYON ST, NC1-002-19-44, CHARLOTTE, NC 28255

MID-ATLANTIC SECURITIES, INC.
4001 BARRETT DRIVE, SUITE 100, RALEIGH, NC 27609

MILESTONE INVESTMENTS, INC.
6331 CARMEL ROAD, CHARLOTTE, NC 28226-8246


MILLENNIUM ADVISORS, LLC
14120 BALLANTYNE CORPORATE PLACE, SUITE 520, CHARLOTTE, NC 28277

OPTSECURITIES, LLC
200 S. COLLEGE ST., 16TH FLOOR, CHARLOTTE, NC 28202

P.R. GILBOY & ASSOCIATES, INC.
11006 RUSHMORE DRIVE, SUITE 110, CHARLOTTE, NC 28277

PINNACLE CAPITAL MARKETS, LLC
4700 FALLS OF NEUSE, SUITE 390, RALEIGH, NC 27609

PLACE TRADE FINANCIAL, INC.
6501 NEW MARKET WAY, RALEIGH, NC 27615

QUANTUM CAPITAL, LLC
1911 HILLANDALE ROAD, SUITE 1020, DURHAM, NC 27705

QUEENS ROAD SECURITIES, LLC
1031 SOUTH CALDWELL STREET, SUITE 200, CHARLOTTE, NC 28203
Mailing Address: 1031 SOUTH CALDWELL STREET, SUITE 200, CHARLOTTE, NC 28203

REDWINE & COMPANY, INC.
5955 CARNEGIE BOULEVARD, SUITE 225, CHARLOTTE, NC 28209

RNA CAPITAL, INC.
6000 FAIRVIEW ROAD, SUITE 1200, CHARLOTTE, NC 28210

ROLLOVER SECURITIES
4135 SOUTH STREAM BOULEVARD, SUITE 500, CHARLOTTE, NC 28217
Mailing Address: 4135 SOUTH STREAM BOULEVARD, SUITE 500, CHARLOTTE, NC 28217

SCOTTISH RE CAPITAL MARKETS, INC
14120 BALLANTYNE CORPORATE PLACE, SUITE 300, CHARLOTTE, NC 28277

SECU BROKERAGE SERVICES
3101 WAKE FOREST ROAD, RALEIGH, NC 27609

SHERMAN & COMPANY LLC
6302 FAIRVIEW ROAD SUITE 320, CHARLOTTE, NC 28210

SMITH POINT CAPITAL LTD
3 MOSS CREEK COURT, DURHAM, NC 27712

SOJOURNER SECURITIES, LLC
1523 ELIZABETH AVE, SUITE 200, CHARLOTTE, NC 28204

SOUTH ATLANTIC ENTERPRISES, INC.
6201 FAIRVIEW ROAD, STE. 200, CHARLOTTE, NC 28210

SOUTHEAST INVESTMENTS, N.C., INC.
820 TYVOLA ROAD-SUITE 104, CHARLOTTE, NC 28217

SOVEREIGN LEGACY SECURITIES, INC.
540 N.W. BROAD STREET, SOUTHERN PINES, NC 28387
Mailing Address: P.O. BOX 2299, SOUTHERN PINES, NC 28388

STILLPOINT CAPITAL, LLC
16456 MARVIN ROAD, CHARLOTTE, NC 28277

SYKES FINANCIAL SERVICES LLC
213 N MARKET ST, SUITE 201, WASHINGTON, NC 27889

SYNERGY INVESTMENT GROUP, LLC
8320 UNIVERSITY EXECUTIVE PARK DRIVE, SUITE 112, CHARLOTTE, NC 28262
Mailing Address: 8320 UNIVERSITY EXECUTIVE PARK DRIVE, CHARLOTTE, NC 28262

TCP, LLC
128 S. TRYON STREET, SUITE 1700, CHARLOTTE, NC 28202

TEACHERS PERSONAL INVESTORS SERVICES, INC.
730 THIRD AVE, 15 TH FLOOR, NEW YORK, NY 10017-3206
Mailing Address: 8500 ANDREW CARNEGIE BOULEVARD, MAIL STOP SSC/C2/08, CHARLOTTE, NC 28262-8500

THE HUTCHISON COMPANY
1200 BROAD STREET SUITE 205, DURHAM, NC 27705-3573

THE ORR GROUP, LLC
110 SOUTH STRATFORD ROAD, SUITE 402, WINSTON-SALEM, NC 27104

THE STRATEGIC ALLIANCE CORPORATION
132 NORTH 1ST STREET, ALBERMARLE, NC 28001
Mailing Address: POST OFFICE BOX 1517, ALBEMARLE, NC 28002

TIAA-CREF INDIVIDUAL & INSTITUTIONAL SERVICES, LLC
730 THIRD AVENUE, NEW YORK, NY 10017-3206
Mailing Address: 8500 ANDREW CARNEGIE BOULEVARD, MAIL STOP SSC/C2/08, CHARLOTTE, NC 28262-8500

TOBIN & COMPANY SECURITIES LLC
201 SOUTH COLLEGE STREET, SUITE 1610, CHARLOTTE, NC 28244

TRIANGLE SECURITIES, LLC
1301 ANNAPOLIS DRIVE, RALEIGH, NC 27608

UVEST FINANCIAL SERVICES GROUP, INC.
5 COLISEUM CENTRE, 2810 COLISUEUM CENTRE DRIVE, CHARLOTTE, NC 28217
Mailing Address: 9785 TOWNE CENTRE DR, SAN DIEGO, CA 92121-1968

VERITY INVESTMENTS, INC.
280 S. MANGUM STREET, SUITE 550, DURHAM, NC 27701

W. H. COLSON SECURITIES, INC.
211 COMMERCE STREET, SUITE C, GREENVILLE, NC 27858
Mailing Address: P. O. BOX 4007, GREENVILLE, NC 27836-2007

WELLS FARGO INSTITUTIONAL SECURITIES, LLC
301 SOUTH COLLEGE STREET, ONE WACHOVIA CENTER, 8TH FLOOR, CHARLOTTE, NC 28202

WELLS FARGO INSURANCE SERVICES INVESTMENT ADVISORS, INC.
301 SOUTH COLLEGE STREET, 19TH FLOOR, MAIL CODE: D1053-190, CHARLOTTE, NC 28202

WELLS FARGO SECURITIES, LLC
301 S. COLLEGE STREET, TW-8, MAIL CODE NC0602, CHARLOTTE, NC 28202-0602
Mailing Address: 301 S. COLLEGE STREET, TW-8, MAIL CODE NC0602, CHARLOTTE, NC 28288-0602

WESTCOUNTRY FINANCIAL
16915 TURTLE POINT, CHARLOTTE, NC 28278-8428

Copyright 2004-2015, Greco & Greco, P.C.
The information contained in this website is not to be considered legal advice and the purpose of this website is not to provide legal advice. Greco & Greco, P.C. does not intend to create an attorney-client relationship by this website. If the reader has a legal problem, he/she should consult with an attorney. Any information contained in an e-mail sent to Greco & Greco, P.C. shall not be considered privileged or confidential. E-mail is not a secure means of communication and should not be considered such.

W. Scott Greco    Site Map    Web design: Chaos Abatement