Las Vegas Investment Fraud Lawyer

Las Vegas Investment Fraud Attorney

You should be able to trust the people who handle your investments. Unfortunately, the financial sector has many bad actors who take advantage of people who only want a secure future. If you believe that you are a victim of investment fraud, a Las Vegas investment fraud lawyer can help you get justice.

About Us

Our team at Rosenberger + Kawabata has years of experience helping people in Las Vegas and across the nation with their investment fraud cases. Two cases we represented in 2024 were Top Verdicts in the Daily Journal.

In addition to litigating high-profile cases, managing partners Elliot Rosenberger and B. Makoa Kawabata are co-editors for The Public Investors Advocate Bar Association (PIABA) Bar Journal, a national organization dedicated to protecting individual investors.

What Is Investment Fraud?

Investment fraud, also known as securities fraud, refers to a wide range of cases where a financial advisor manipulates someone into investing through intentional misinformation or engages in reckless behavior with their funds. This type of fraud can be committed by a variety of parties, such as stockbrokers, investment firms, investment advisors, and more.

Investment fraud affects countless Americans every year. The Federal Trade Commission (FTC) found that in 2024 alone, $5.8 billion was stolen from people across the country. Securities fraud is a particularly pressing matter for Las Vegas residents and Nevada as a whole. The University of Nevada, Las Vegas, discovered that Nevada had the highest rate of investment fraud per 100,000 people in the Mountain West states, and ranked 4th nationwide.

Types of Cases We Handle

Securities fraud not only comes from many different people and groups, but also takes countless different shapes. Each investment fraud case is unique, but tends to fall into a few general categories. The following are types of security fraud cases we handle at Rosenberger + Kawabata:

• Misrepresentation and omission. This is one of the most common types of investment fraud. It involves the accused party intentionally concealing risks or lying about an investment.
• Failure to diversify. Nevada Revised Statutes (NSR) Chapter 164 requires investment brokers to reasonably diversify their investors’ accounts to avoid heightened risk.
• Unauthorized trading. These cases occur when a financial advisor makes changes, like new investments or selling assets, in a client’s portfolio without their knowledge or written consent.
• Failure to supervise. Nevada brokerage firms are expected to maintain close oversight of their employees. Failing to adequately supervise can lead to other forms of fraud or preventable mistakes that lose money for clients.
• Ponzi schemes. This term refers to a scam in which funds from new investors are paid to existing investors to meet previous promises. Ponzi schemes tend to involve unrealistic return on investment propositions and make money only through investors. Areas in Las Vegas that have a high number of retirees, like Summerlin and Henderson, may be targets of Ponzi schemes.
• Advisor theft. Cases under this category can be straightforward theft from a client’s account by a financial advisor.
• Churning. These cases happen when brokers engage in excessive trading. The motivation is usually for the broker to make more commissions to the detriment of the investor.

Hire an Investment Fraud Lawyer

Investment fraud cases can be difficult and complex. Parties that commit investment fraud may have extensive legal protection, making it hard to hold them accountable on your own. Hire an investment fraud lawyer who can guide you through the often dense world of investment fraud laws.

Each investment fraud case has different legal penalties. Your Las Vegas investment fraud attorney can explain what regulations are relevant and what options you have as a victim. They can investigate the case to find the exact people responsible for losing your money. Rosenberger + Kawabata has returned millions to our clients by knowing which strategies to use and exposing culpable parties.

FAQs

What Do You Do if You Are a Victim of Investment Fraud in Las Vegas?

You should take a few key actions if you believe you are a victim of investment fraud in Las Vegas. The first step is to cut off all communication with the responsible party. Secure accounts and refuse to pay or sign anything. The next step is to collect evidence of the fraud, as it can make a large difference in getting money back. Report the fraud to the applicable organization, then seek legal guidance to decide what’s next.

Can You File a Claim Against Someone for Investment Fraud in Las Vegas?

You can file a civil claim against someone for investment fraud in Las Vegas. Clark County allows civil claims to be filed in securities fraud cases. You may be required to pursue arbitration through FINRA if included in your brokerage agreement. Review any contracts you have with the defrauding party to figure out what options you have.

How Do You Know if Your Financial Advisor Is Licensed in Nevada?

It’s important to know whether your financial advisor is licensed in Nevada. You can contact the Nevada Secretary of State Securities Division to find out the license status of your broker or firm. You can also use the SEC’s official database. Securities advisors and firms are required to be registered with both the state and federal governments. If they do not show up in either database, you are likely a victim of investment fraud.

What Are the Common Signs of Investment Fraud in Nevada?

There are many common signs of investment fraud to look out for when investing in Nevada. You may be confused whether your losses were from normal market volatility or were the result of investment fraud. Some frequent fraud indicators include:

• Unrealistic promises or return guarantees
• Pushy, aggressive pressure to invest
• Lack of transparency
• Unauthorized transactions
• Unregistered trader
• Avoiding questions
• Inconsistent records
• Losses when the market is stable

If any of these sound familiar, seek legal guidance immediately.

Speak With an Investment Fraud Attorney Today

At Rosenberger + Kawabata, we understand how emotionally challenging investment fraud cases can be. These cases often revolve around planning for the future, like retirement accounts. We represent our clients’ interests and can fight to get your hard-earned money back from bad actors. Contact us today for a consultation so we can learn your story and begin building your case.