i have invested $20,000 in a company selling securities, i was told they would send the certificate of stock after 6 months, it has been more than a year i have yet to receive a certificate, the company is still online selling securities but their information have chnaged i cannot get any contact, i paid via wire transfer, the company is located in california i am in NY, how can i sue to get my money back, since the bank says all transaction are fdic insured, my bank refuse to assist they say there is nothing they can do, can i sue my bank for failing to protect the account and to file a farud investigation with the other bank?
It sounds like you were scammed. Call the Securities and Exchange Commission enforcement office and the FBI. Your bank has nothing to do with this. They just sent a wire to a place you ordered. Am I missing something? The "company" you are dealing with likely does not really exist in a way a civil lawsuit would lead to recovery.
