Kansas Investment Loss Attorneys

The published mission of the Office of the Kansas Securities Commissioner (KSC) is to protect investors from investment fraud and to promote the integrity of the financial markets with the state. In fact, in 1911, Kansas became the first state in the nation to pass laws to regulate the sale of investments. The KSC is funded by the registration and filing fees of entities and individuals regulated by the KSC, and some of those funds are received from fines and settlements from enforcement cases brought by the state. While state and federal regulators may start enforcement investigations to root out financial fraud, it is often insufficient to investors who are expecting that their hard-won retirement savings will be fully returned; because in many instances, investors are not made whole by government agencies. Kansas retirees who have lost money in the financial markets — whether due to sophisticated Ponzi schemes, unsuitable investment recommendations, or general financial firm negligence — should know that, while it may be helpful to assist a regulator get to the bottom of its investigation, they should still consider hiring a securities fraud law firm to bring a parallel civil suit against the wrongdoer directly to maximize the return of lost funds. Choosing an experienced investment loss law firm such Malecki Law in New York can make all the difference, as the firm is experienced in the federal and state securities laws, and has recovered tens of millions of dollars for misled investors, whether due to fraud, misrepresentations, negligence, or firm supervisory failures.

While the KSC may bring enforcement actions on behalf of victimized Kansan investors against financial firms and other wrongdoers, regulatory investigations alone are insufficient. Whether at the state or federal level, regulators usually seek documents and cooperation from investor victims, however — in the name of keeping the status of investigations confidential — they typically do not return the favor by sharing such evidence regarding other investors who may have suffered similar losses. Malecki Law’s investment loss lawyers in New York recognize that this is an important omission, since a critical component of proving a fraud is to show that others were defrauded too — i.e., making it less likely that a trier of fact (e.g., a court or arbitration panel) will resort to blaming a lone victim.

Regulatory investigations also often fail to recoup the full amount lost because they do not always seek to prosecute the full time period of the violations that occurred, meaning victims who are expecting full restitution may only receive a small fraction of their losses, even after years of investigation. Most securities disputes are heard via FINRA arbitration. Investors can expect our investment loss lawyers to resolve their cases within 12 to 15 months depending on the availability of arbitrators and the parties’ counsel. Malecki Law’s investment loss attorneys in New York will seek to qualify the firm’s elderly and disabled clients for expedited proceedings, which can bring a resolution several months faster. This is faster than a regulatory proceeding, which in some cases may never reach a conclusion (owing to budget constraints, change of elected administrations, or any other shifts in regulatory priorities — these investigations are opaque in nature and investors are accordingly given very little understanding of the status of their case).

For these reasons and others, it is critical for Kansas investors who have been victimized in the financial markets to additionally seek counsel from an experienced investment loss firm like Malecki Law in New York, whose investment loss attorneys will aggressively prosecute a parallel civil lawsuit against the wrongdoers or financial institutions involved, and whether the funds were lost to negligent firm supervision or other misconduct. If you are a Kansas resident, senior, or retiree who has lost money in the financial markets and would like a free consultation about whether your account was properly managed, contact Malecki Law for a free consultation.