John Thomas Financial
Important Information You Should Know:
John Thomas Financial is a securities brokerage firm which is licensed by FINRA.
Firms licensed through the Financial Industry Regulatory Authority (FINRA), formerly the National Association of Securities Dealers (NASD), must comply with securities regulations and federal and state securities laws. When these firms or their employees violate regulations or laws they can face action by federal or state regulators or criminal prosecutors.
These “securities police” have the impossible duty to attempt to govern securities activity.
Billions of dollars in transactions each year are handled by hundreds of thousands of salespersons nationwide at thousands of securities firms. Approximately 650,000 registered salespersons at 5,200 securities firms handle hundreds of millions of transactions annually for nearly 60 million investors. It is impossible for securities regulators to police all this activity.
Securities regulators and officials only rarely recover losses for victims of securities fraud.
Claims against a brokerage firm, such as John Thomas Financial, may be for securities fraud or can be for breach of duty, breach of contract, negligence and other claims not covered by securities regulations or laws. Just as traffic police issue tickets and motorists must hire attorneys to recover unpaid damages, victims of securities fraud should hire attorneys to recover their losses.
Claims against brokerage firms are almost always determined in securities arbitration.
When an account is opened at securities firms such as John Thomas Financial, investors almost always sign documents which include agreements to arbitrate any dispute. The U.S. Supreme Court decided in 1987 that these securities arbitration agreements are enforceable. Arbitration is a private proceeding which takes the place of court actions. Appeals of arbitration decisions to court are very limited and usually unsuccessful.
Investors represented by an attorney in securities arbitration are much more successful.
Statistics prove that investors who file claims with the assistance of an attorney recover twice as often and in greater amounts than those not represented. Yet, only a small percentage of lawyers have ever represented an investor in arbitration and very few law firms nationwide have extensive experience with securities arbitration cases.
Contact the law firm of Shepherd Smith Edwards & Kantas LTD LLP today to arrange a free consultation with one of our securities attorneys.
About the law firm of Shepherd Smith Edwards & Kantas LTD LLP:
Our law firm represents institutional and individual investors nationwide who have lost a substantial portion of retirement or other accounts. We have handled thousands of cases against hundreds of large and small investment firms, in claims as large as $200 million and as small as $50,000.
Our attorneys and staff have more than 100 years of combined experience in the securities industry and in securities law. Several of our lawyers and staff members served for years as a Vice President or Compliance Officer of major brokerage firms.
Each member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent.