Greco & Greco, P.C., Securities Fraud Lawyers
“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.
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 diligently pursue recovery of investors' losses resulting from securities fraud, churning, lack of suitability, negligence, unauthorized trading, and other unlawful actions. If you feel that you may have a claim, please contact us for a free consultation.
Nationwide practice, Mid-Atlantic base, personal attention
Losing a large portion of one's hard-earned assets can be devastating. Each of our securities arbitration clients receives personal service and attention from one of our principal attorneys, and our attorneys vigorously pursue our clients’ claims.
While we are based in the Virginia, Maryland, West Virginia, and Washington, D.C., North Carolina, and Delaware area, Greco & Greco’s securities and stock fraud arbitration attorneys represent clients from across the country and around the world.
Greco & Greco has tried securities arbitration claims in all of the FINRA Dispute Resolution’s forum cities in the area (Washington, D.C., Richmond, Norfolk, and Baltimore) and we would be happy to discuss potential claims with residents from all areas of Virginia, Maryland, Delaware, North Carolina, and Washington, DC, including Richmond, Norfolk, Roanoke, Virginia Beach, Alexandria, Fairfax, Arlington, Fredericksburg, Falls Church, Charlottesville, Lynchburg, Abington, Prince William, Loudoun, Leesburg, Manassas, Woodbridge, Dale City, Staunton, Chantilly, Danville, Bristol, Williamsburg, Hampton, Newport News, Winchester, Warrenton, Lexington, Baltimore, Rockville, Bethesda, Silver Spring, Prince George’s, Frederick, Annapolis, Ocean City, Columbia, Montgomery, the Eastern Shore, Salisbury, Cumberland, Easton, Petersburg, Herndon, Reston, Harrisonburg, Portsmouth, Suffolk, Chesapeake, Culpeper, Fauquier, Henrico, Sterling, Stafford, Hagerstown, and Gaithersburg.
Areas of Practice
- Securities fraud, churning, unsuitable investments, unauthorized trading, and investors' rights
- Claims against stockbrokers and brokerage firms
- Securities arbitration and litigation
- Ponzi schemes and hedge funds
- FINRA arbitration
- SEC securities fraud whistleblower claims
- Claims by stockbrokers against their employers
- Claims against registered investment advisors
- Registered Representative commission disputes
- Civil litigation
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.
In 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.
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.
First FINRA Arbitration Award Against UBS of Puerto Rico Regarding Bond Funds
Greco & Greco is pleased to report the first FINRA Arbitration Award against UBS Financial Services of Puerto Rico relating to the crash of UBS closed end bond funds in 2013 which were sold to Puerto Rico residents.
$2 Million FINRA Award for Greco & Greco Clients
A 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 Denver, 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.
Greco & Greco recently 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.
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.
In this FINRA Arbitration held in Jackson, Mississippi, Greco & Greco represented a retiree who was cold-called by a New York broker. The broker’s investments ultimately lost a significant amount of the client’s savings in several overconcentrated stock positions. The FINRA panel awarded $80,000 in damages, $15,000 in punitive damages for “reckless disregard of Claimant’s rights,” and expert witness costs. Read the FINRA award.
Recovery of losses incurred in Trust and IRA accounts of Washington, DC retiree as a result of unsuitable investments and stock trading.
This case involved Trust and IRA accounts relied upon by a retiree to pay living expenses. The broker and firm were advised that the accounts were not to be invested in the stock market or other risky investments. Despite the conservative objectives for the accounts, the brokerage firm unsuitably invested the accounts primarily in stock/equities, and aggressively daytraded the accounts in initial public offerings and high risk investments. The FINRA arbitration panel awarded $124,156.00 in damages plus interest since January, 2009. See the award here.
Greco & Greco represented a retired Northern Virginia couple in a NASD arbitration seeking the recovery of savings lost by their stockbroker which they had intended to use to buy a new house. The broker had invested all of their life savings and house sale proceeds 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.
Greco & Greco recovers $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
Greco & 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.
An NASD arbitration panel in Richmond 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.
In this case taken pro bono by Greco & Greco, the FINRA arbitrator awarded the full amount of compensatory damages and interest requested based on claims of negligence, breach of fiduciary duty, and unsuitable recommendations. The arbitrator found that the brokerage firm “failed to recommend suitable investments based on [Claimant’s] request, age, needs, income status, and need for security.” The firm had ignored Claimant’s request for safer investments as her IRA declined with the market in 2008. Read the FINRA award.