I have lived in and been licensed to practice law in Colorado since 1996. I am very familiar with Colorado courts, Colorado securities laws and Colorado arbitrators. Because arbitrators are from the state or region where the investor resides, my familiarity with the arbitrator roster and individual arbitrators in Colorado and surrounding states is a significant benefit.
Because the securities industry is the most highly regulated industry in the United States, when a stockbroker commits wrongdoing, it usually violates not one, but a host of rules and regulations. This makes for a stronger case for the investor.
In the State of Colorado, investors are protected not only by legislative laws and statutes, but also by industry rules that prohibit brokers from engaging in fraud, unsuitable sales, churning, breach of fiduciary duty, failure to supervise, unauthorized trading, or negligence. Below are useful links and resources covering some of the investor protections available in the State of Colorado:
- The Colorado Division of Securities enforces Colorado securities law through audits, investigations and enforcement actions. Enforcement actions carried out by state securities regulators play an instrumental role in protecting investors.
- Colorado Securities Act sections 11-51-101 through 908 provide investors protection for the offer, sale and purchase of securities within the financial market.
- FINRA is an independent regulatory agency that regulates all broker-dealers in the United States.
- Securities and Exchange Commission (SEC) also creates and enforces the securities laws.
Stoneman Law represents investors in all major Colorado cities including Denver, Colorado Springs, Aurora, Fort Collins, Lakewood, Thornton, Arvada, Westminster, Pueblo and Boulder. Our consultations are free of charge and the firm is only compensated if you recover.Where Do FINRA Arbitrations Take Place in Colorado?
All arbitrations for Colorado residents take place in Denver, Colorado, the mile-high city.
And remember that arbitrations take place in the state where the investor resides, NOT where the brokerage firm or stockbroker office is located!!Colorado Securities News
September 28, 2017. Former LPL financial advisor Sonya Camarco is was indicted on six counts of securities fraud and seven counts of theft. Ms. Camarco resided in and worked out of LPL Financial’s offices in Colorado Springs, Colorado. Beginning in 2004 and continuing through at least August 2017, Ms. Camarco used investor accounts to siphon roughly $2.8 million out to use for her own personal uses, like to pay her credit card bills and her mortgage. LPL terminated her and FINRA barred her form the industry. But there are an awful lot of investors out there who may have a remedy against LPL for failing to supervise Camarco. The forging of client signatures on checks made out to a company that Camarco created should have been red flags for LPL to have discovered earlier. Turns out that the only reason LPL discovered the criminal acts is because a client of Camarco’s questioned a check out of her account to “C Investments”.
I have represented a number of clients whose account signatures were forged and where the stockbrokers essentially stole money out of client accounts.