ISRAELS & NEUMAN, PLC – Connecticut Securities Attorneys

Sections 36b-4 and 36b-29 of the

Connecticut Uniform Securities Act.

Israels & Neuman are securities arbitration and investment fraud attorneys that represent Connecticut investors who have been harmed by their stockbrokers and brokerage firms.  Our investment fraud attorneys have previously represented investors in Connecticut, including an investor from Norwalk who lost money in a number of private placements.

The residents of Connecticut are protected by the provisions of the Connecticut Uniform Securities Act.  This Act provides for the regulation of the sale of securities to Connecticut residents and to Connecticut financial advisors and stockbrokers.  Moreover, the Connecticut Securities and Business Investments Division, with offices in Hartford, enforces the provisions of the Connecticut Uniform Securities Act.

Section 36b-4 of the Connecticut Uniform Securities Act provides for liability if a financial advisor or investment advisor misrepresents the risks of an investment to you.  In particular, this statute provides that:

No person shall, in connection with the offer, sale or purchase of any security, directly or indirectly: (1) Employ any device, scheme or artifice to defraud; (2) make any untrue statement of a material fact or omit 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, or (3) engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

See C.G.S. § 36b-4(a).  The Connecticut Uniform Securities Act further provides for civil remedies, including interest and attorneys’ fees, in the event that the advisor violates the provisions of the Act:

Any person who…offers or sells or materially assists any person who 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 are made, not misleading, who knew or in the exercise of reasonable care should have known of the untruth or omission, the buyer 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 buying the security, who may sue either at law or in equity to recover the consideration paid for the security, together with interest at eight per cent per year 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 he no longer owns the security.

See C.G.S. § 36b-29 (emphasis added).

If your financial advisor or stockbroker makes misrepresentations to you when selling securities, he or she may be liable for your losses.  In addition, the brokerage firm that your advisor works for may also be liable.

Israels & Neuman PLC is a securities arbitration and investment fraud law firm with offices in Denver, Colorado, the Seattle, Washington area, Ann Arbor, Michigan, and Vancouver, Washington.  We represent investors in FINRA arbitration and securities arbitration proceedings in all 50 states, including representing investors previously throughout Connecticut, and in Hartford, Bridgeport, New Haven, Stamford, Waterbury, Norwalk, Danbury, New Britain, Greenwich, Hamden, Fairfield, Bristol, Meridien, and others. Our securities attorneys have represented over one thousand investors against many brokerage firms in the past.  All of our arbitration cases are taken on a contingent fee basis, meaning you don’t pay unless we recover money for you.

Click to view:  Connecticut Uniform Securities Act

If you are a resident of Connecticut and have lost money with your financial advisor or investment advisor, please CONTACT ISRAELS & NEUMAN at 206-795-5798 for a free evaluation of your case.