Can the Illinois Securities Department force the person or firm that I am complaining about to return my money?
The Illinois Securities Law does not give the Department the authority to order rescission, or a return of your investment money. In some cases, the subject of an investigation or administrative prosecution will agree to make a rescission offer, but you should not expect a rescission offer to be made voluntarily. You should always consult your own attorney to determine if you have a civil remedy available, and arbitration may also be an option.
Related Questions
- Once a complaint is made to the Illinois Securities Department, how long does the investigation take before the matter is resolved?
- Can the Illinois Securities Department force the person or firm that I am complaining about to return my money?
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