Naperville, Illinois Securities Fraud Attorneys and Investment Fraud Lawyers
Investment Fraud and Securities Attorneys in Naperville, Illinois
Have you suffered investment losses due to the misconduct of a financial advisor or brokerage firm in Naperville, Illinois?
The securities fraud attorneys at The White Law Group may be able to help you recover your losses through FINRA arbitration.
With offices in Chicago, Illinois, The White Law Group handles securities fraud cases throughout the state, including Naperville, Springfield, Champaign, Decatur, Aurora, Rockford, and Peoria. All Midwest claims are typically administered through FINRA’s Chicago Dispute Resolution Office.
Illinois Securities Laws and Regulation
Under Illinois securities law, all securities offered or sold in the state must be registered unless exempt by law. The National Securities Markets Improvement Act of 1996 redefined which securities require state registration, leaving most national offerings—such as mutual funds and exchange-listed products—under the SEC’s jurisdiction.
However, state regulators and FINRA continue to oversee broker-dealers, financial advisors, and investment advisers who sell or recommend securities in Illinois.
Common Types of Securities Fraud and Broker Misconduct
Our Naperville securities lawyers represent investors in a wide range of investment fraud and broker misconduct cases, including:
Churning or Excessive Trading
If your broker frequently buys and sells in your account primarily to generate commissions, that may constitute churning, a form of securities fraud.
Broker Misrepresentation and Omission
Failure to disclose investment risks or exaggerating safety or returns can constitute misrepresentation, leading to investor losses.
Unauthorized Trading
When brokers make trades without your consent or prior approval, it may be considered unauthorized trading, which is prohibited under FINRA rules.
Unsuitable Investment Recommendations
Brokers must ensure investments are suitable given your objectives, risk tolerance, and financial situation. Unsuitable advice often leads to losses in risky, illiquid, or high-commission products.
Selling Away
When a broker sells investments outside of their firm’s approval—often private placements or other non-public securities—it may be considered selling away, a violation of both firm policy and securities regulations.
Illinois Securities Department and Investor Complaints
The Illinois Securities Department regulates the offer and sale of securities under the Illinois Securities Law of 1953. The agency oversees registration of securities offerings, broker-dealers, and investment advisers.
If you suspect securities fraud in Naperville, you can file a complaint with the department or seek legal representation to pursue recovery.
Recovering Investment Losses Through FINRA Arbitration
Although regulators can discipline brokers, they typically cannot recover investor losses. Most recovery occurs through FINRA arbitration, a national forum for resolving disputes between investors and brokerage firms.
The Financial Industry Regulatory Authority (FINRA) requires brokerage firms to fully disclose risks before making investment recommendations. Firms that fail to perform adequate due diligence or that recommend unsuitable investments may be held liable for investor losses through FINRA arbitration claims.
The White Law Group – Securities Fraud Attorneys in Naperville, Illinois
The White Law Group is a national securities fraud and FINRA arbitration law firm dedicated to representing investors in claims against financial advisors and brokerage firms.
With offices in Chicago and Seattle, our attorneys have handled over 800 FINRA arbitration cases nationwide, including many for clients in Naperville, Illinois.
We represent investors in claims involving stock fraud, broker misrepresentation, unsuitable investments, unauthorized trading, churning, and selling away.
With over 30 years of securities law experience, The White Law Group has the expertise to help Naperville investors recover losses caused by securities fraud and broker misconduct.
For a free consultation, call our Chicago office at 888-637-5510 or visit whitesecuritieslaw.com
Frequently Asked Questions (FAQs)
Do I need a securities fraud attorney in Naperville?
Not necessarily. Most claims are handled through FINRA arbitration, which allows us to represent clients nationwide, including in Naperville, Illinois.
How do I know if I have a securities fraud case?
If you experienced unexpected losses and suspect your advisor acted improperly—by recommending risky or illiquid products—you may have a claim. Contact us for a free case review.
What types of investments are commonly involved in Naperville securities fraud claims?
We frequently investigate losses in REITs, private placements, structured notes, annuities, and alternative investments.
How long do I have to file a claim?
There are strict time limits for FINRA arbitration. If you suspect wrongdoing, it’s important to speak with a securities fraud lawyer as soon as possible.
