Securities Fraud Lawyers
California Stock Broker Fraud Attorneys
The Law Firm of Joseph H. Low IV - Attorneys for the People is committed to upholding the rights of all citizens.
President Theodore Roosevelt, President of the United States of America (1901 - 1909) held the ideal that the Government should be the great arbiter of the conflicting economic forces in the Nation, especially between capital and labor, guaranteeing justice to each and dispensing favors to none. Roosevelt emerged spectacularly as a "trust buster" by forcing the dissolution of a great railroad combination in the Northwest.
President Franklin D. Roosevelt, President of the United States of America (1933 - 1945), re-elected in the midst of the great depression said: "Out of the collapse of a prosperity whose builders boasted their practicality has come the conviction that in the long run economic morality pays."
President George W. Bush (current President, elected in 2001) spoke out against the robber barons of the 21st century in these statements: "The lure of heavy profits of the late 1990s spawned abuses and excesses. With strict enforcement and higher ethical standards, we must usher in a new era of integrity in corporate America." He remarked that every dishonest corporate leader will be exposed and punished - the era of low standards and false profits is over - no boardroom in America is above or beyond the law.
These statements clearly show that history does repeat itself and it repeats at the expense of all the hard working citizens of our country who have entrusted their life savings to the robber barons of the 21st century cleverly disguised as prominent Wall Street corporations like Enron, Adelphia, WorldCom, Xerox, Salomon Smith Barney and Merrill Lynch.
The Law Firm of Joseph H. Low IV - Attorneys for the People is dedicated to upholding our rights as citizens against the oppression of corporations. Mr. Low's dedication to this mission began as a U.S. Marine where he fought for our rights all over the globe.
If you need an attorney who is well-accustomed to fighting for you and your rights, who is compassionate towards your situation, passionate about your case and will NOT quit…call the Law Offices of Joseph H. Low IV - Attorneys for the People. Mr. Low will give you straight talk about your case free of charge.
After fighting for our rights around the world as a U.S. Marine, Mr. Low began his fight in the courtroom against corporate corruption. Securities fraud is a cancer against society and has reached epidemic proportions in the United States of America. The citizens of this country have lost almost $9 trillion while the executives of companies such as Adelphia, Enron, WorldCom and Xerox have amassed huge wealth at our expense.
This is an example of the corporate injustice that has been recently uncovered.
WorldCom misled investors from at least as early as 1999 through part of 2000 and acknowledged that, as a result of undisclosed and improper accounting WorldCom overstated the income it reported by approximately $9 billion. WorldCom's top executive pleaded "the fifth".
Xerox knowing misled investors by using undisclosed and improper accounting actions to cover up a $3 billion gap between actual results and reported results; and KPMG, Xerox's accounting firm, permitted the cover up.
Adelphia's CEO "borrowed" over $3 billion from its shareholders and used it for personal pleasures such as a $13 million golf course, a $700,000 country club membership, and the Buffalo Sabres hockey team.
Merrill Lynch sold investors stocks that were purposely given inflated ratings in an effort to win lucrative investment banking deals. The attorney general has won a $100 million settlement against Merrill Lynch.
Credit Suisse First Bank has been charged for allegedly engaging in systematic fraud by altering research reports for investment banking clients. It is also alleged that CSFB offered IPO's (Initial Public Offerings) to personal brokerage accounts of their investment banking clients.
Salomon Smith Barney and its' senior telecom analyst, Jack Grubman, have been charged by the SEC. It has been shown that Jack Grubman's $20 million per year pay check was actually based on the amount of investment banking business he brought and not on his expertise as an analyst.
Vanderbilt once said, "What do I care about the law? Haven't I got the power?"
We are now hearing history repeat itself with the same remarks spoken in a different generation.
(From "60 Minutes" reporter Steve Kroft) When an investor asked the Merrill Lynch analyst Henry Blodget `What's so interesting about GOTO.com except banking fees?' Blodget replied, `Nothing.' A colleague wrote Blodget that she didn't want to be a whore for f-ing management by recommending a stock she didn't like. `We're losing people money, and I don't like it. John and Mary Smith are losing their retirement because we don't want and investment banking client to be mad at us.'
An uncovered e-mail written by Salomon Smith Barney's star analyst, Jack Grubman, dated May 18/01 said: "If anything the record shows we support our banking clients too well and for too long."
You may have been deceived by unscrupulous Wall Street companies, The Law Offices of Joseph H. Low IV - Attorneys for the People will speak candidly to you and will explain your rights. You may be able to file a civil lawsuit to recover your losses.
Some "bad" securities firms have ways of taking your investment savings and then relying on your inexperience in the securities market to get away with the thefts. The four most common scams are as follows:
Churning: Brokers may be guilty of churning your account when, acting in their own interests, buy or sell stocks in your portfolio to an excessive degree resulting in higher commissions for them and losses for you.
Misrepresentation and Omissions: Your broker has a duty to disclose all the facts regarding a stock. This not only includes any potential gain associated with the investment but also any risk.
Over Concentration: Your broker has an obligation to diversify your portfolio. In other words, not to concentrate on one particular investment that may, if that particular stock loses money, wipe out your investment savings. Beware of brokers who are overly zealous when recommending one particular stock. That could mean fraud.
Ponzi scheme: A "Ponzi" scheme is theft! You trust your broker to invest your money and he pockets it.
Unsuitability: The National Association of Securities Dealers (NASD) requires all brokers to abide by the "know your customer rule". Brokers are prohibited from recommending transactions that are unsuitable in the context of the investor's other holdings or financial situation.
Joseph Hawkins Low IV is a national trial lawyer and trial consultant committed to protecting victims' rights. His law firm, with locations in Orange County, Los Angeles, Ventura, Riverside, San Bernardino, San Francisco, Sacramento and San Diego Counties in California, handles many areas of law. Mr. Low has earned the reputation, throughout the United States, as a tough and successful courtroom attorney and legal strategist.
Some of Mr. Low's clients describe him in this way:
"I love Joey. He is Superman…" D. Vargas
"…He is definitely a 10 - I love him!" D. Tubbs
"…When it was all said and done, Joe was no longer an attorney, he was my brother…" John D.
If you need an attorney who is well-accustomed to fighting for you and your rights, who is compassionate towards your situation, passionate about your case and will NOT quit…call the Law Offices of Joseph Hawkins Low IV - Attorneys for the People. Mr. Low will give you straight talk about your case free of charge.
THE RIGHT STOCK BROKER FRAUD ATTORNEY MAY BE YOUR BEST DEFENSE AGAINST CORPORATE INJUSTICE!
