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Headline News One
StockLoss.org has revamped their website in request
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Headline News One
StockLoss.org now offers broader services. |
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The Goldberg Law Group, P.A. is committed to
protecting the rights of investors nationwide.
When clients have been treated unfairly, we pursue
claims against unscrupulous brokers, brokerage
houses, fund managers and retirement plan
sponsors. Through association with other
attorneys, we are capable of handling securities
arbitration claims anywhere in the United States. |
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| How to Calculate Damages |
Calculation of Damages
Goldberg Law Group represents investors in cases
of improper brokerage account activity. Our role
is to detect, analyze, and report instances of
securities fraud.
A very important part of this process is the
calculation of damages in a client’s account.
The calculation of damages could be only the
specific trades that incurred losses that were the
result of improper activity by the broker or by
taking into account the damages of the overall
account. The money-in/money out calculation
involves the initial investment, after subsequent
deposits and withdrawals, less the ending balance
The net result is an overall damage figure for the
period in question. The money in/money out
approach takes into account the effects of
commissions, margin interest, dividends and
interest, and both profitable and unprofitable
trades.
There are times that investors are also able to
recover interest on the sustained losses of the
account. Under the Uniform State Anti-Fraud
Securities Act, damages are calculated based upon
the amount paid for the securities less all
distributions, plus interest at 6% per year. The
interest can be meaningful, especially when a few
years have elapsed since the initial investment.
Attorney’s fees and expenses can sometimes be
included as part of the damages and are awarded by
arbitrators when deemed appropriate.
Awards in excess of the actual amount needed for
compensation (punitive damages) are sometimes
given so as to punish the perpetrator of the fraud
and to set an example to discourage such activity.
Usually, it takes the exceptional case for
punitive damages to be awarded.
Please
Contact us for a free evaluation. |
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