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Suffolk County Securities Fraud Lawyers

Malecki Law’s Suffolk County securities fraud lawyers have worked on several noteworthy cases in the county. Suffolk County occupies the extreme southeast of New York State, located in the central and eastern parts of Long Island. Surrounded by the ocean and home to acres of vineyards and farms, the north and the south forks of Suffolk County developed as popular summer seaside escapes, both for those seeking the splash of the Hamptons and the anti-Hampton charm of the quieter fork. Suffolk also has great universities like Stony Brook and stretches of retail and tech innovation along the Route 110 corridor.

With sprawling waterfront mansions and stately estates, Suffolk County easily has some of the priciest neighborhoods in the country, according to the Forbes list, with average home prices exceeding a few million. Some of these are: Water Mill, Bridgehampton, Mill Neck, Amagansett, Montauk, Wainscott, Old Westbury, Glen Head, Great Neck, Southampton, Quogue, and Sag Harbor. Once a sleepy Long Island village, places like Bellport have recently emerged as trendy yet idyllic under the radar escapes.

With established and emerging pockets of wealth, this county also witnesses frequent financial scams. Even the infamous Ponzi schemer Bernie Madoff had an $8 million oceanfront property in Montauk, nestled between Robert DeNiro and Ralph Lauren’s holiday homes!

From working class immigrants to the richest of the rich, people from all backgrounds have been taken in by financial scams. Our team of securities fraud lawyers in Suffolk have represented clients in this area from varying backgrounds. Between 2005 and 2009, there was a $415 million Ponzi scheme that reportedly spread like wildfire throughout Long Island, masterminded by Nicholas J. Cosmo. This scheme was targeted at middle-class investors. The sales agents/ advisers allegedly solicited investors with the false promise of 12 to 14 percent return within a few weeks. None of the sales agents or the brokerage firm, Agape, were ever registered with the SEC, according to the SEC press release. The SEC reportedly charged 14 sales agents over the next 5 years, who misled investors and illegally sold securities in this scheme. This brings to mind an old adage 'if it sounds too good to be true, it probably is', which generally applies to investments. Also the need to check out investment firms and its advisors on FINRA’s BrokerCheck. Malecki Law’s Suffolk securities fraud attorneys highly recommend that investors use all the tools available to them and make investment decisions cautiously.

In February 2017, Senator Gillibrand reportedly unveiled a bill to better protect senior citizens from securities fraud by unifying all the resources available for reporting fraud. According to Gillibrand, more than $16 million have been scammed from seniors in Suffolk County in the last year or so. Versions of this bill have been floating around since 2012, but this new effort should help make it a law. In one of the many instances, a 56-year-old man from had allegedly run a real estate scheme bilking seven retired individuals of $2.9 million. According to reports, he preyed on the trust of the elderly who trusted him with their retirement money, and pretended to be a financial advisor operating under the name of Professional Investment Advisor.

Some of the most common types of cases that our investment loss lawyers handle in Suffolk County are:

  • Investment Fraud
  • Unsuitability
  • Overconcentration
  • Churning & Overtrading
  • Breach of Fiduciary Duty
  • Ponzi Schemes
  • Affinity Fraud
  • Elder Financial Fraud
  • Promissory Note Fraud
  • Broker Embezzlement & Unauthorized Trading
  • Conversion & Theft
  • Failure to Execute & Supervise
  • Market Manipulation

At Malecki Law, we are a boutique securities fraud law firm and our securities fraud attorneys have years of experience fighting for investor recovery and representing investors and investment professionals in regulatory and self-regulatory hearings at FINRA, the SEC and at the Suffolk County and other New York State courts. If you or anyone you know has been solicited with questionable schemes or seen suspicious activities in your investment accounts, schedule a free initial consultation with Malecki Law by calling (212) 943-1233 , or emailing jenice@maleckilaw.com.

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Testimonials From Former Clients
★★★★★
I highly recommend Jenice and her team at Malecki Law. I had a challenging, and lengthly case. Jenice was professional, very knowledgeable, and a pleasure to work with. She managed to make the process far less stressful during a very difficult time. They care about their clients, and it definitely shows. Mario
★★★★★
Jenice is truly a miracle worker and one of the top securities lawyers. She handled a very difficult case for us, displaying her legal knowledge, intelligence, and savviness throughout the process. I cannot recommend her enough. The quality of work from her team rivals that of corporate law firms. She was always available, extremely professional, and made sure to know all the details of the case. We were very fortunate to have been referred to Jenice and highly recommend her for any securities related legal issues. Nathan A.
★★★★★
An excellent professional who represented us in trial regarding a bank fraud, an unexpected and difficult time. A professional that worked hard, persevering and who stood toe to toe against firms that had a team of excellent lawyers backing them up. Her unflinching determination really stands out, it makes you feel you have someone who really cares about trying to recover what you lost from the people that wronged you. Salomon Levi
★★★★★
It is difficult to thank you in words when gratitude comes from the heart, so I will try to link feelings with writing. It is essential for us to mention your excellence as a professional, your aptitude on legal fields, and your unavoidable persistence. All of these virtues that elevate the profession you exercise in such an admirable way, go hand in hand with your sense of ethics, your human warmth and the transparency in your actions. To sum up, thank you for being a listening ear and for having the right word while transmitting information about the legal process. Having you as our representative during such an adverse situation was a privilege and enough reason for our eternal gratitude. Angeles Aparain
★★★★★
To say that my securities litigation was complex would be a severe understatement. With multiple parties involved and spanning many years, trying to understand the issues was daunting to say the least. Jenice and her team broke down the transactions by segment and by party uncovering every hidden expense. In the end, I was more than happy and could not thank Jenice and her team enough. I would not hesitate to recommend Jenice to anyone. She is highly professional, incredibly knowledgeable, well connected to industry experts, has a tireless work ethic and is so pleasant and easy to communicate with. Five stars for sure! Andrew Loughrane