Business Law

What To Do If You Need To Sue A Financial Advisor For Bad Investment Advice

Are you someone who invested your money and lost a lot of it based on the information and/or advice provided to you by your financial advisor? Did your financial advisor take certain actions on your behalf, with your money, that you did not approve of and/or you were not aware of the risks involved? If so, then you are not alone. We at Heitner Legal have been involved in many of these types of disputes and either resolve the matters early on or litigate when necessary. Many people in your situation have come to us for help in such specific situations.

If you find yourself in a circumstance where you need to better understand your rights, then feel free to contact us about your particular issue. We keep all communications confidential, pride ourselves on quick and active responses, and do not charge for initial consultations.

Unfortunately, many people lose anywhere from a small amount to a significant sum of capital based on the receipt of bad investment advice from their financial planner or due to their financial planner taking unauthorized actions. Sometimes these financial planners put their clients in very high-risk situations and even fail to fully disclose those risks to their clients. Fortunately, you may have recourse against your financial planner and his/her brokerage firm if you have lost money based on the above or due to a different action/inaction of your financial planner.

At times, these disputes are adjudicated in courts of law. Other times, they are governed by binding arbitration that is held under the rules of the Financial Industry Regulatory Authority (FINRA), the American Arbitration Association (AAA), or JAMS. The good thing is that we have extensive experience within all of these venues, including state and federal courts. If you have had your personal finances diminished or completely eradicated, we will be there to fight for you so that you are put in the best situation to become made whole once again.

No one should have to suffer as a byproduct of dishonest, untrustworthy, and self-interested financial advisors and brokerage firms. These individuals and companies owe you a fiduciary duty to always put your interests first, disclose important information to you, and act as a fiduciary to you at all times.

Some of the types of issues that we commonly see are financial planners and brokerage firms making recommendations to buy unsuitable investments, failing to properly diversify investment portfolios, engaging in excessive margin use, selling away, unauthorized trading, engaging in fraud, and breaching their fiduciary duties to their clients. It is often possible to attach a brokerage firm for the damages you have sustained based on the acts or omissions of your financial planner.

The bottom line is that if you have been taken advantage of, then you must act swiftly and with strength. We may be able to assist you to find relief to receive back some or all of the assets that you have had squandered.