Pinard Financial – According to information found on the provider’s website https://pinardfinancial.com/, the provider is an online trading provider that offers its customers various services. Accordingly, Pinard Financial takes care of achieving high profits.
If you have invested with Pinard Financial and there are problems with the payout, the lawyers of the Herfurtner law firm will be happy to help you.
Pinard Financial – Trading Evaluation
Currently, there is an extraordinarily high number of investment service providers such as Pinard Financial, among others. Thus, it has never been as easy but also risky as now to invest in the unpredictable financial markets.
Especially because there are numerous options, choosing an online platform can be time-consuming and challenging. Especially if you want it to meet your personal investment needs.
Have you already invested with Pinard Financial? Then the following points are important for you as an investor.
- Regulated brokers on the internet, reputable provider websites, costs and brokerage fees, product options and reviews from clients are just a few of the factors you need to consider when making your final decision.
- There are numerous order types to choose from when trading online.
- Entering the global financial markets becomes more convenient and interesting for money investors through online investing.
- An ideal place to go for money investors who want to learn about share certificates, futures, binary options and cryptocurrencies is a web presence like this one.
The following information is general advice for investors – regardless of the platform you invest in.
Regulatory approval – is the investment service provider Pinard Financial licensed?
Both financial markets and investor protection benefit from codes of conduct and organisational responsibilities. Bond service companies and providers such as Pinard Financial must comply with a wide range of regulations. The same applies to their employees. This is to prevent conflicts of interest and the associated disadvantages for investors.
This includes the responsibility of the financial services provider to inform its corporate clients about the most significant features of a financial transaction before it is concluded. This applies both to the individual investor and to the investment itself. According to the idea, supplementary information is necessary for clients who want to engage in highly speculative or risky transactions.
Towards their corporate clients, companies like Pinard Financial have a responsibility. This goes far beyond the provision of an offer or service.
Does the service provider have a licence to sell financial products? You should definitely check this. To do this, you can use the broker check directory of a financial authority and type the brand name of the financial service provider into the search mask.
Unsolicited phone calls from Pinard Financial?
Have you ever taken a phone call from a stranger who presented you with an offer? Do not answer under any circumstances.
Unsolicited calls are not allowed. “Cold calling” is clearly prohibited at investment services firms and other firms like Pinard Financial.
There are also groups that claim to work for reputable internet trading platforms. They do this to get people to give them their personal information. In the majority of cases, you are instructed to deposit more assets after your first deposit.
Phone scammers are always coming up with new ways to rob investors of their savings, cash and other valuables. One commonly known method used by crooks is to call the people they want to harm at inconvenient times of the day. This is, for example, very early in the morning or very late at night. Times, in other words, when they are least concentrated.
In addition, the criminals pretend at the beginning of the conversation that they and the person being called know each other. The other method works as if the callers are willing to help. In this way, the criminals convey a feeling of goodwill and trust to the person they are talking to on the phone. Check that you are actually dealing with Pinard Financial when they contact you by phone.
Pump & Dump – the common scam
The term Pump & Dump is used to describe a procedure in which the value of a share is artificially inflated by insiders. Afterwards, the same share is sold to the remaining investors at a loss.
This is therefore a fraud. A fraud that profits from the cluelessness of small investors and stock market novices.
This tactic is therefore illegal in a controlled securities market and for providers like Pinard Financial. The crypto market, on the other hand, is still by and large “Wild West” as far as such tactics are concerned. That is why special caution is necessary!
Pump-and-dump scams are more common there in the context of the so-called altcoins. The pump-and-dump scam is used by fraudsters to drive up the price of an unknown or possibly self-created currency. They achieve this by spreading disinformation on the internet or in social media or by luring co-investors with unreasonable profit expectations.
So make sure that the provider Pinard Financial provides you with all the necessary information on the subject matter, if requested.
Do you suspect investment fraud? These are the warning signs
You would like to invest with Pinard Financial? Then you should find out all the important information about the company.
Investment fraud is a special form of fraud. The criminal promises or deceives a larger group of people about a lucrative investment in the capital market.
Capital investment fraud is sanctioned by a prison sentence of up to three years or a fine according to § 264a StGB.
The following services and measures may be considered as capital investment fraud:
- Fraudsters use the brand name of the provider Pinard Financial and clone the company
- Investments in securities, funds and certificates
- Boiler Room Scam, a cold-call solicitation of investors by telephone call
- Participations in companies
Anyone who has fallen for investment scams has usually invested a lot of money. What can you do in case of investment fraud?
- Withdraw from the contract or contest it: Affected persons who have concluded a contract can revoke or contest it in the case of investment fraud.
- Involve the police and financial authorities through a legal advisor: There are collective police proceedings against some fraudulent companies in the Federal Republic of Germany and also in other countries. The police are authorised to have the accounts of the fraudsters blocked and to keep the assets safe. In addition, the public prosecutor’s office becomes active.
- Claim damages: Clients who have been given inaccurate advice can assert claims for damages against the investment advisor.
- Recover assets: If payments have been made via credit card, this can be recovered in several cases by involving a law firm. In the case of bank transfers from the current account, this can usually be recovered by bank order.
Exit options – which are difficult to identify
Find out when and how much money will be paid back to you. Optimally, avoid longer-term contracts that cannot be terminated early or where you would experience enormous monetary losses.
Only enter into long-term contracts with no early termination option with service providers such as Pinard Financial, whose reliability you have no doubts about.
Even if you have the option to waive or terminate a contract at any time over a specific period, be sceptical. Even then, if these points are met, you still remain vulnerable to monetary damages. Make sure you know exactly how much capital you will get back if the money deal goes wrong.
For transactions with securities, the following provision counts:
Before the end of the term, find out what options are open to you to get rid of a share certificate.
It is often important to know whether there is a liquid market for offers such as those made by Pinard Financial.
It is possible to sell securities through an online broker or a financial institution. All three methods are acceptable for placing a sell order. The actual selling process is then carried out via an exchange (e.g. Berlin, Stuttgart, Frankfurt, Tradegate or Xetra) (e.g. for penny stocks).
With order supplements, the execution of the order can be controlled from the outset. The sale of the securities takes place at a time and place defined by you.
Lawyers inform about Pinard Financial
It is advisable to take action as soon as the suspicion is confirmed that a service provider is not working properly and that there is a risk that the online broker will not make its payments. Apart from a criminal complaint, which our law firm files for our clients with the police authority, and a notification to the financial supervisory authority, the service provider should possibly also be held legally responsible.
The contractually agreed claims against the online broker as well as possible compensation options will be examined.
In the case of financial transactions, it is also essential to check whether financial institutions can be held liable in the event of an error. Claims for damages against banks can arise, for example, in the case of money laundering or other unlawful acts. However, this must be examined depending on the context at hand.
If your broker delays the payout, you should contact a competent law firm immediately:
- Provide us with the names and contact details of all persons with whom you have communicated
- Let us know how long the broker has not paid you
- Send an e-mail to our lawyers describing your experience with the service provider
Herfurtner Law Firm will provide you with a no-obligation initial assessment in connection with Pinard Financial. We will also let you know in a timely manner whether we believe you have a realistic chance of recovering your losses.