Stock broker Todd Marone of Troy, Michigan is reported to be involved in a legal dispute with a client who alleges that Marone made misrepresentations in connection with the sale of variable annuities. The customer is seeking to recover more than $50,000 in damages. Marone has been registered with JP Morgan Securities since 2013.

Misrepresentations and Omissions

There are a multitude of state and federal statutes that make it unlawful to mislead and defraud investors in connection with the purchase or sale of securities. The best known of these laws is Section 10(b) of the Securities Exchange Act of 1934, which is a federal statute. Each of the 50 States has its own set of securities laws, known as “blue sky” laws. Many States have modeled their blue sky laws on the Uniform Securities Act, which contains a variety of different civil liability provisions relating to misrepresentations and omissions.

Need Assistance?

If you have suffered investment losses as a result of malpractice or misconduct our experienced team of investment fraud attorneys may be able to assist you in recovering some or all of your losses. Call us toll-free at 888-607-4819 for a free consultation or email us through our “Contact” page to schedule a free consultation.