We assist investors throughout the United States
We Have One of the Largest and Most Sophisticated
Investment Fraud Teams in the Region

Our experienced investment fraud attorneys specialize in recovering money lost by investors due to fraud or misconduct by companies, individuals, stock brokers, brokerage firms and investment advisors.  We have recovered many millions of dollars for our clients and we handle cases throughout the United States.

We take the following types of cases:

  • Whistleblower claims to be filed confidentially on behalf of individuals who have knowledge of fraud or misconduct. 

In many cases we represent our clients on a contingency fee basis, which means we don’t charge a fee unless our clients receive a reward.


  • We represented a client in an $11 million CFTC whistleblower case that was approved for an award in January of 2020. The client will receive a significant portion of all restitution and civil penalties collected by the CFTC.

  • Mark Pugsley won a significant victory after a 5-day trial in Utah State Court in August of 2019. His clients were awarded compensatory damages in excess of $3 million, $2 million in punitive damages, and attorney’s fees.

  • Mark Pugsley represented a bankruptcy trustee and trustee of a private actions trust pursuing the claims of over 400 victims of a Ponzi scheme against a national life insurance company for securities fraud and the negligent employment of the agents who perpetrated the scheme for over a decade. The parties reached an 8-figure settlement in 2018.

  • We represented 15 clients in a FINRA arbitration case alleging more than $6 million in out of pocket damages involving a rogue broker from a national brokerage firm. We settled the case shortly before the arbitration hearing in August of 2018 for a confidential amount.

  • We represented 28 clients in a case alleging more than $10 million in out of pocket damages involving a broker who was employed by a national brokerage firm. The case was settled for a confidential sum that resulted in substantial recovery of our clients’ losses.

  • Mark Pugsley and Maria Windham Obtained a $4.43 million award against Lincoln Financial Advisors Corp. for failing to properly supervise the manager of its local branch office in Salt Lake City.  The FINRA arbitration panel found that Lincoln failed to adequately supervise Scott B. Gordon, who was soliciting unapproved investments in a separate company while acting as the branch manager for Lincoln’s Utah office.  Mr. Gordon was subsequently barred by FINRA.




Disputes with brokerage firms are nearly always handled through FINRA's arbitration process.  Our legal team has handled FINRA cases for over twenty years and can help you figure out if you have a good claim against your broker or investment advisor.  

A Ponzi scheme is a form of fraud where a nonexistent enterprise is fueled by the payment of high returns using new investors' funds to pay the earlier investors.  If you have been caught up in a Ponzi scheme can help you investigate the case and discuss your recovery options.

Do you think you've been scammed or defrauded?  Our legal team can help you sort through the paperwork and determine whether you have been the victim of financial fraud, and, if so, discuss ways we can help you recover your losses.

We help fraud victims and company insiders confidentially report fraudulent conduct to the SEC, CFTC or state authorities.   Where these reports provide original information that leads to a successful prosecution, the whistleblower may be entitled to an award.

Our litigation team has handled securities disputes of all sizes and types, including  

receivership litigation, regulatory investigations, insurance fraud cases, enforcement actions, shareholder disputes, partnership disputes and derivative cases.

Investor Class Actions

A securities class action is a lawsuit filed by investors who lost money when they bought or sold a company's securities based on misrepresentations or omissions.  We can help you investigate your case and decide whether to proceed individually or as a class-action representative.

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Tel: 801-323-3380



Tel: 801-323-3377




The Investment Fraud Recovery Team is a practice group of Ray Quinney & Nebeker, a full-service law firm based in Salt Lake City, Utah with over 100 lawyers.  We have the skills and resources to handle cases of all sizes and complexities.

Address: 36 So. State, Suite 1400, Salt Lake City, UT 84111

Phone:  801-323-3380

Fax: 801-532-7543

Click Here for a map to our office.

Tell Us About Your Case

Copyright © 2018 by Ray Quinney & Nebeker.  All rights reserved.

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