Stock Broker Financial Fraud Lawsuits Reviewed Nationwide
Stock brokers and financial advisors have an obligation to exercise the appropriate standard of care in making appropriate recommendations regarding the finances of their clients. When investment losses are caused by negligence, neglect or fraud, compensation may be available for the investor through a broker malpractice lawsuit or securities fraud arbitration case.
Financial Fraud lawsuits are reviewed for improper advice and poor recommendations, as well as wide spread fraud involving particular securities, such as:
To review a potential claim for yourself, a friend or family member and determine if compensation may be available, request a free consultation and claim evaluation.
INVESTMENT ARBITRATION LAWSUITS
While all investments have risks, financial advisors and stock brokers have an obligation to make recommendations which carry risk in line with the objectives of their clients. Several large national brokerage firms have already paid large fines for negligent handling of their client’s savings.
In recent years, the “casino mentality” has resulted in brokers and financial advisors throwing caution to the wind by not following the time-tested economic guidelines for investing your money.
Failure to use the standard of care which a reasonable broker should use have resulted in billions of dollars lost across the country. You may be entitled to compensation from the brokerage firm that let you down. Below are some of the most common examples of broker mistakes which have resulted in larger losses than would have been suffered with proper handling.
- Unsuitable Investment Recommendations
- Unjustified Risk for your Investment Objectives
- Failure to Diversify
- Failure to Properly Advise you of the Risks
- Failure to Minimize Losses
- Conflicts of Interests
FINANCIAL ADVISOR CONFLICTS OF INTEREST
Another area of broker misconduct involves the inherent conflict of interest between many brokerage firms’ and the companies whose stocks their brokers recommend to clients. Because of break downs in the internal controls seperating their research groups from their sales group, millions of dollars have been awarded to former clients of Solomon, Smith Barney and Merrill Lynch.
FIND OUT IF YOU MAY BE ABLE TO RECOUP FINANCIAL LOSSES
Contact the investment lawyers at Saiontz & Kirk, P.A. to determine whether you may be entitled to recover some of your losses. Potential claims are reviewed nationwide, and there is no fee or expense unless we obtain a recovery for you. Request a free consultation and claim evaluation.