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About Investors Recovery ServiceOUR OBJECTIVE
AFFORDABLE REPRESENTATION 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 NASD 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 is currently 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 NASD 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. Our Team Also Includes:
Timothy A. Canning is a California attorney who has been practicing law since 1990. He received his Juris Doctor degree from University of California, Hastings College of the Law in 1990. Since 1994, he has devoted most of his practice to representing investors with claims against stockbrokers, financial planners and registered investment advisors, in court and in arbitration. Mr. Canning has also represented individual brokers in regulatory investigations, and in employment disputes. Mr. Canning is a member of the California and Wisconsin state bars, as well as a member of organizations promoting the interests of investors and consumers, such as Trial Lawyers for Public Justice. Mr. Canning is a former member of the Committee on the Administration of Justice of the California State Bar. PLEASE NOTE: In all cases in which Mr. Canning is involved in the prosecution of a customer's claim or arbitration, there will be a separate representation and fee agreement between Mr. Canning and the customer, which will not increase the total fee paid by any customer. Irwin Stein is a recognized expert in matters relating to investment
fraud in the financial services industry. Mr. Stein is a retired attorney, having served as
counsel to both Paine Webber and EF Hutton. For much of the 1990's Mr. Stein taught finance and
economics in the Business School at Golden Gate University. His expert opinion has been sought
by investors, financial institutions and government agencies and he has testified in more than
150 litigated matters. He has conducted an extensive study of investment fraud and the elderly.
Mr. Stein is currently on the Board of Advisors to the Investor Justice Project of the
University of San Francisco School of Law. FOR ADDITIONAL INFORMATION ABOUT OUR SERVICES OR |
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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