Some people believe that "playing" the stock market is a fun activity that hurts no one. What they don't realize is that there are plenty of scoundrels out there engaged in excessive trading practices.
Excessive trading causes the stock market to artificially go up and down. Rather than rely on the natural ebb and flow of stocks, those involved in excessive trading can manipulate the numbers and, as a result, make gobs of money (illegally).
Why don't more people come forward with reports of excessive trading concerns? It's simple. Sometimes, individuals are not aware of excessive trading until they are involved in it themselves. Take, for instance, a man or woman who has been convinced by a friend or legitimate broker to invest money in order to "play" the market. Then the friend or broker starts committing excessive trading fraud with the dollars. Though the victim might wake up one morning with the realization that his or her friend or broker is nothing more than a slick con artist, the victim is hesitant to report the crime. After all, he or she gave money into the scheme (and may have gotten returns on that money).
Whitecollar criminals actually count on this kind of embarrassment and hesitation from victims to keep their excessive trading from coming to the SEC's (or other law enforcement agency's) attention. They realize that people don't want to implicate themselves; thus, the criminals continue their racket, excessively trading and making money illegally.
At our law firm, we understand how concerned you are if you've been involved with or know of excessive trading. We are sympathetic, but urge you to consider calling us to discuss your situation before deciding not to tell anyone. Your silence helps no one, including yourself.
Together, we'll be able to put away white collar criminals who operate excessive trading scams and schemes. But we need your help. Call or email right away.8/9