The Colorado Uniform Securities Act, Colorado Revised Statutes 11-51-501, with respect to “Fraud and other prohibited conduct” provides that:

1) It is unlawful for any person, in connection with the offer, sale, or purchase of any security, directly or indirectly:

a) To employ any device, scheme, or artifice to defraud;

b) To make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or

c) To engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.

Colo. Rev. Stat. § 11-51-501 Fraud and other prohibited conduct. (Colorado Revised Statutes (2016 Edition)).

Civil Remedies

Colo. Rev. Stat. § 11-51-604, with respect to Civil liabilities provides that:

(4) Any person who sells a security in violation of section 11-51-501 (1) (b) (the buyer not knowing of the untruth or omission) and who does not sustain the burden of proof that such person did not know, and in the exercise of reasonable care could not have known, of the untruth or omission is liable to the person buying the security from such person, who may sue to recover the consideration paid for the security, together with interest at the statutory rate from the date of payment, costs, and reasonable attorney fees, less the amount of any income received on the security, upon the tender of the security, or is liable for damages if the buyer no longer owns the security. Damages are deemed to be the amount that would be recoverable upon a tender, less the value of the security when the buyer disposed of it, and interest at the statutory rate from the date of disposition.

Colo. Rev. Stat. § 11-51-604 Civil liabilities. (Colorado Revised Statutes (2016 Edition)).

In Colorado, FINRA Arbitration hearings are held in Denver

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Under the FINRA Code of Arbitration Procedure, the FINRA Securities Arbitration hearing locations will selected based upon the hearing location closest to your residence at the time of the events giving rise to the dispute.

Additional Colorado Investor Resources:

Division of Securities
1560 Broadway
Suite 900
Denver, CO 80202

Gerald Rome
Securities Commissioner
(303) 894-2320
(303) 861-2126 (Fax)

Guiliano Law Group – Securities Arbitration & Investment Fraud Lawyers

Our practice is limited to the representation of investors. We accept representation on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a consultation or an evaluation of your claim.  All consultations are confidential. For more information, contact us at (877) SEC-ATTY.

If you have been the victim of securities fraud or investment fraud you should contact a lawyer. Our services are offered on a contingent fee basis. We will receive payment for services in connection with your case only if there is a recovery.  You will not be required to advance any fees to the firm during the course of the litigation. 
 In the event that a settlement, award, or recovery is not made, clients have no financial or other obligation to us.  Not admitted in all jurisdictions.  The determination for the need for legal services and the choice of a lawyer are extremely important decisions that should not be based solely on advertisements or self proclaimed expertise. The limitation or concentration in any area of practice does not mean that a lawyer is a specialist or expert in a field of law, nor does it mean that the lawyer is necessarily any more expert or competent than any other lawyer.  See Important Disclaimer.

All claims arising under state and federal securities laws must be brought within a specified time from the discovery of these claims, or within the occurrence of the events giving rise to your claims, whichever is shorter.  If you fail to do file an action within this period, your claim may be potentially barred by the statute of limitations.

For more information concerning common claims against stockbrokers and investment professionals, please visit us at

To learn more about FINRA Securities Arbitration, and the legal process, please visit us at