Nico E. Banks
Banks Law Office
I first worked for Banks Law Office while I was in high school in 2013. I did not know much about the law back then, but I did what I could to help individual victims of broker misconduct take on corporate perpetrators. It was righteous work, and I loved it immediately.
I left Banks Law Office to attend Claremont McKenna College, where I graduated in the top 15 percent of my class. I then also graduated from Cornell Law School in the top 15 percent of my class. After finishing school, I worked as an associate attorney in the antitrust practice group of Cleary Gottlieb Steen and Hamilton, which is widely considered the top antitrust practice group in the country. I missed representing investors, so I next worked as an attorney at a small investor-representation law firm called the Kurta Law Firm.
In September of 2023, I returned to Banks Law Office, where I continue to represent individual investors by suing brokerage firms that recommended failed investments to them. Many of my clients lost money in alternative investments such as non-traded real estate investment trusts, oil-and-gas partnerships, structured products, and private placements, which are often unsuitable investments.
People who have lost money in unsuitable investments can often sue their brokerage firms because those firms are responsible for conducting due diligence on non-traded investments before approving them for sale to individual investors. Therefore, if a brokerage firm misses warning signs that an investment is likely to fail, it may be liable to investors.
- Securities Law
- Stockbroker & Investment Fraud
- Contingent Fees
- California
- State Bar of California
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- District of Columbia
- District of Columbia Bar
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- English: Spoken, Written
- Attorney
- Banks Law Office
- Current
- Cornell Law School
- J.D.
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- Claremont Consortium of Colleges - Claremont McKenna College
- M.A. (2017) | Finance
- Activities: B.A. in Economics
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- Public Investors Bar Association
- Co-Chair of Diversity Committee
- Current
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- Competition policy during pandemics: how to urgently produce healthcare goods and services while avoiding economic disaster
- Journal of Antitrust Enforcement
- High Court Blow to FTC Restitution Could Be Temporary
- Hoffman, Bruce and Banks, Nico Law 360
- Q. Am I responsible to pay off the credit cards of my deceased mother if I am a authorized user on her cards?
- A: I am very sorry for your loss. It would be wise to consult an attorney and tell them more details, but you are probably not required to pay off the credit cards just because you were an authorized user. The credit card companies should collect any money owed from your mother's estate if it has not yet gone through probate.
- Q. Do I owe Washington DC Income Taxes?
- A: You may still owe taxes in Washington, DC even if you are not a resident there, particularly if your work is related to Washington, DC.
- Q. I purchased a lost item from an auction. The original owner is still attached. The item is worth $200.00. Will I go to j
- A: Your question is cut off, but it seems like you are probably asking whether there could be criminal penalties for keeping a lost item that you purchased. The answer is, it depends. The most important factor may be whether you knew at the time you purchased the item that it belonged to someone other than the seller. You should consult an attorney. One option may be to return the item to its original owner and demand a refund from the individual who sold it to you at the auction.
