About Investors Recovery Service
Our objective is to provide professional, affordable representation for abused investors through negotiation and arbitration. Investors Recovery Service offers a valuable service by providing investors suffering from investment fraud with knowledge and expertise of the securities industry equal to that possessed by the brokerage firms.
Investors Recovery Service generally works on a contingency fee of approximately one-third on all monies recovered. We offer a no recovery, no fee alternative to other firms that will typically require a substantial up front retainer with no guarantee of a successful recovery.
SUCCESSFUL TRACK RECORD
Investors Recovery Service has completed over 1000 unrelated investor claims in securities arbitration since inception in January 1991. A successful settlement or arbitration award has been attained for 9 out of 10 clients. Roughly 80% of our claims settle and the remainder continue to hearing. Our success rate in arbitration hearings averages somewhere between 50 and 70%. References can and will be furnished upon request. You can view some excerpts from actual letters from our clients on our Testimonials page.
OUR KEY PERSONNEL
Richard Sacks is recognized as an expert in securities arbitration. Mr. Sacks has participated in over 1000 separate arbitration claims against brokerage firms since 1991. He has tried over 250 claims to a decision and has participated in 200 plus mediations.
He has assisted both the FINRA and Securities and Exchange Commission on numerous regulatory matters, including fraudulent offering materials, junk bonds, limited partnerships and oil drilling ventures. Mr. Sacks has participated on various securities industry forums to improve the arbitration process. He has testified before the California Judicial Council and the California Legislature and helped to enact laws designed to protect the consumer in securities arbitration. And, he has trained law school students at the University of San Francisco School of Law that were part of the Investor Justice Project.
Mr. Sacks has seventeen years experience as a licensed stockbroker, including seven years as branch manager and registered principal. Mr. Sacks is knowledgeable of most sources of controversy including failure to supervise, failure to follow customer’s instructions, suitability, misrepresentation, margin, excessive trading (churning), unauthorized transactions, market manipulation, due diligence, need for a reasonable basis, and breach of fiduciary duties. Mr. Sacks has also served in the past on the Board of Advisors to the Investor Justice Project of the University of San Francisco School of Law.
On the industry side, Mr. Sacks represents stockbrokers involving employment disputes, regulatory matters, and wrongful termination. He has extensive engagement as an expert consultant, and is actively involved in representation of brokers in FINRA disciplinary matters.
Tanya Sacks is highly experienced in dealing with regulatory agencies. She is an experienced, organized and effective administrator. In her position at Investors Recovery Service, Ms. Sacks is the liaison between the firm and various regulatory agencies, seeing that the paper properly flows through the system. Ms. Sacks works with Investors Recovery Service’s clients aiding them through the arbitration process. She is also co-founder of the firm.
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