Investment Fraud Lawyer

Selecting the right investment strategy can be complicated.  The variety of available investments grows on a daily basis. If you are like most people, you may have sought the advice of a broker or financial advisor to manage your portfolio. These experts owe a high standard of care to you, their client, which is known as a fiduciary duty. If you have suffered a financial loss because of a broker’s breach of fiduciary duty, a lawyer experiences in investment fraud matters may be able to help you recover your money.

Risky Securities, Unsuitable Investments

It is important to understand what constitutes an unsuitable investment. For example, if you are in your twenties with small children and you are at the beginning of your career, investing in a high-risk company would probably not be a good idea. However, if you have a healthy portfolio and your career is established, then it may work to your advantage and strategy to invest in a riskier venture.

However, if an advisor chooses an investment strategy with too much risk for your particular situation, an attorney experienced in investment matters can tell you there are many ways for advisors to be held liable for unsuitable investments and these may include the following:

  • Advised you to make investments which carried risks you were not willing or able to absorb
  • Recommended investments that did not match your stated goals
  • Failed to explain your investments’ risks
  • Did not gather all information necessary to understand your risk tolerance
  • Failed to explain the tax implications of your investment strategy options

If you feel that you have received bad investment advice or that you were pushed into an investment that caused financial harm, you have options. Our securities and commodities litigation attorneys can open an investigation to determine whether your broker or advisor acted in your best interests or whether they acted to increase their own financial gain. Many times, there are hidden fees or commissions involved and if, this is the case, we can demand compensation for your financial loss.

Advisors Must Remain in Contact With You

Communication is an important aspect of brokers’ and advisors’ fiduciary duties to their clients. In order to remain free of liability from unsuitability lawsuits, financial experts must regularly update your investment profile. If your advisor is not communicating with you and your account is suffering as a result of that neglect, it may be time to seek a securities and commodities litigation attorney.

At Block & Landsman, we offer legal guidance on a number of securities or business litigation issues. These include financial fraud, industry disputes, churning, and restrictive covenants/non-compete agreements/employment agreements. To learn more about what an investment fraud lawyer can do for you, contact us today at 312-251-1144.