David Neuman

The attorneys at the law firm of Israels & Neuman, PLC, have recovered millions of dollars for victims of securities and investment fraud.

David P. Neuman is an active member of PIABA (The Public Investors Arbitration Bar Association) and currently sits on the Board of Directors. He has chaired multiple PIABA committees and has written several articles advocating for investor protection.

The law firm of Israels & Neuman represents investors in all 50 states and offers contingent representation, meaning you DO NOT pay unless we recover money for you!

Call (206) 795-5798 for a Free and Confidential case review.

Northern Illinois University

J.D. (2005) | Law

2005

Honors: Magna Cum Laude, May 2005

Partner

Israels & Neuman

2014 - Current

A Menace to Investors: Non-Attorney Representatives in FINRA Arbitration

Managing Client Expectations, Public Investors Arbitration Bar Association Annual Meeting, Austin, Texas

October 26, 2012

Public Investors Arbitration Bar Association

Fixed Income, Public Investors Arbitration Bar Association Mid-Year Meeting, Los Angeles

May 5, 2018

Public Investors Arbitration Bar Association

Arbitrator

FINRA Dispute Resolution

Outstanding Service Award

PIABA

David Neuman Presented with Outstanding Service Award

Washington State Bar Association  # 48176

Member

Current

The Florida Bar  # 0078343

Member

Current

State Bar of Illinois  # 6286955

Member

Current

Public Investors Arbitration Bar Association

Board of Directors

Current

Florida

The Florida Bar

Illinois

Supreme Court of Illinois

Washington

Washington State Bar Association

• Free Consultation
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• Contingent Fees
  We offer contingent fee representation.

Q. My question pertains to potential breach of fiduciary responsibility by my financial advisor, Merrill Lynch.

August 1, 2022

A: California law finds that stockbrokers and financial advisors are per se fiduciaries to their clients. Thus, the fiduciary has to act in your best interest first. There are a number of other duties that arise when a stockbroker is a fiduciary, such as keeping their clients abreast on changes in the market. That may include moving into a defensive posture when the market shows signs of decline.

It is difficult to tell you whether you have a potential claim against Merrill Lynch without analyzing your account statements and comparing that to your investment objectives, risk tolerance, and other factors. I suggest that you find an attorney who specializes in suing brokerage firms like Merrill. To find such attorneys, you can visit www.piaba.org, which is an organization of attorneys dedicated to the rights of investors.

I'd also be happy to answer further questions. Good luck! ... Read More

Q. I am looking for several TOP lawyers/firms with extensive experience relative to Brokerage firm Fraud.

August 24, 2019

A: You will want to also include in your search attorneys who represent investors in FINRA arbitration, as you are likely subject to an arbitration clause if you dealt with a licensed brokerage firm. I would suggest using the search function on this website, or visit www.piaba.org to find an attorney near you who handles this type of work.

Most claims are predicated on two theories - that the firm or broker misrepresented the risk of an investment to you, or the investments (or investment strategy) was not suitable for you considering your age, risk tolerance, net worth, investment objectives, etc. There are other potential claims that you could make, although it's difficult to tell with the limited information provided so far.

I would be happy to answer further questions as well. ... Read More

Q. WE INVESTED $100000 in Cinsay who was bought out by Aibuy in May 2019 We were never advised of the change of ownership.

August 2, 2019

A: Ultimately, if there was a material misrepresentation made in connection with the sale of the investment, then you could potentially sue for it. Generally the misrepresentation must be made at the time of sale to be actionable.

With regards to notice of the change of ownership, that depends on your voting rights as an investor. Generally, to change ownership, the owners of the company with voting rights make the determination whether to approve or deny a merger, sale of the company, or other similar events. Whether you have voting rights depends on the bylaws of the corporation and the class of shares that you own.

An attorney would need more information to make a determination on what options you have. I suggest that you contact an attorney who is familiar with securities litigation. You can use the search function on this website, or you can visit www.piaba.org, and use the "Find an attorney" function on the homepage.

Good luck! ... Read More