An important part of that obligation is to assist new clients who may seek to recover significant losses incurred as a result of churning or gross mismanagement of portfolios by inexperienced or unscrupulous brokers. You may be the only person who can provide your clients with a meaningful understanding of their investment situation. The process can begin with a confidential consultation with Timothy O'Connor to determine what recourse may be available and how you can best assist your client. We'll determine whether or not your client may have a valid claim for recovery. Because we work on a contingency fee basis, we charge no legal fees unless a recovery is made.
Clients remain responsible for all costs and disbursements incurred in pursuing a client claim.
If for any reason, we should decline to accept your case or make a determination that in our opinion you may not have a viable claim for recovery, we will make you a referral to three separate attorneys with experience in handling securities brokerages claims for a second opinion. By providing the information contained in the Broker Law web site, Ainsworth-Sullivan does not expressly or impliedly agree to provide any legal advice or legal work product to any victimized investor with respect to any specific claim or claims. Investors should also note that statue of limitations for claims against securities brokerage firms and their brokers may serve to bar investor claims which are not filed in a timely fashion. Certain claims under the Federal Securities Law carry statute of limitations as short as one year and certain claims under New York State Common Law carry differing statute of limitations between 1 and 6 years, depending on the nature of the claim. Under certain circumstances, statute of limitations applicable to customer claims can be extended by certain tolling provisions or ongoing fraud being committed by a broker seeking to hide or cover up fraud or wrongdoing.