The State of Vermont Legislature has passed consumer fraud laws to protect
Vermont citizens from unfair and deceptive business practices. These laws are also designed to
encourage a commercial environment highlighted by integrity and fairness. Relief is available to
defrauded consumers under Vermont’s consumer fraud laws (9 V.S.A. §2451, et seq.). This law was
enacted in order to encourage and promote the prosecution of fraud claims of individual consumers (Wilder v. Aetna Life & Casualty Insurance Company,
140 VT 16, 18, 433 A.D.2d 309, 310 ).
Vermont’s consumer fraud statute affords victimized consumers civil remedies
for monetary damages, as well as a provision for attorney’s fees to be awarded upon a finding that the
consumer fraud laws have been violated (Fraser v
Choiniere, 133 VT. 631, 350 A.D.2d 755 ).
Until as recently as 2010, Vermont residents victimized by
investment-related schemes involving FINRA-jurisdictional securities brokers were required to have their
claims heard outside of the State of Vermont, as FINRA did not conduct hearings in the State of
Vermont. In 2011, the Financial Industry Regulatory Authority (FINRA) Office of Dispute Resolution
designated Montpelier, Vermont as a hearing situs for FINRA arbitration claims filed by Vermont
residents, thereby obviating the necessity that Vermont residents have their claims heard in otherwise
prior hearing locates such as Albany, New York, Boston, Massachusetts, and Hartford, Connecticut.
If you are a Vermont resident and feel you have been victimized by a
securities broker, we offer a free initial consultation to you.
The Law Offices of Timothy J. O’Connor is one of the only law firms practicing securities law in the
Tri-City Capital District of Albany, Schenectady and Troy. We also represent victimized
investors throughout the rest of New York State, including Buffalo, Binghamton, Syracuse, Watertown,
Utica, Kingston, New York City/Manhattan, Long Island, and everywhere in between, as well as in the
surrounding states of Massachusetts, Vermont, New Hampshire, Connecticut and New Jersey.
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