How Do Defective Securities Differ From Traditional Securities Fraud Cases? - Transcript
These cases differ from traditional fraud cases in that many times it’s not the broker who is lying it is really something that they have been told they’ve been trained to say certain things about these defective products that they did not know was false sometimes the case sometimes not the case but in many cases the suit is directly against the investment or directly against the brokerage firm selling it who trains the Brokers ineffectively and inappropriately and did not tell them the defects in the product when they were selling them to their clients and in many of those cases you’ll see that Brokers sold it to their family and themselves I represented Brokers and their families in some of these defective Securities cases myself.
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