Law schools everywhere are playing Superman and flying in to protect those smaller investors who are losing big. Filing claims against their brokers, although their losses don’t justify paying for a lawyer, the little guys still need help. For some, losing anywhere from $3,000 to $25,000 is no big deal but when you don’t have much…it matters!

The clinics that defend small investors began in New York with funding from former Attorney General Eliot Spitzer. According to Gary Pieples, director of the Consumer Law Clinic at Syracuse University College of Law, he [Spitzer] donated money which generated from fines levied against Wall Street execs. And following in New York’s footsteps are California, Illinois and Pennsylvania.

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