Fort Lauderdale Investment Loss Lawyer
Suffering investment losses can ruin your life. If your losses are due to a broker’s misconduct, get help getting your money back by contacting an investment loss lawyer in Fort Lauderdale.
You should be able to trust your financial advisor. Sadly, some have been known to take advantage of their clients to further their own financial gain.
Fortunately, when this happens, the Financial Industry Regulatory Authority (FINRA) provides opportunities for wronged investors to be awarded restitution through arbitration. However, it may not always be clear whether your stockbroker has done something to cause your investment losses.
At Wolper Law Firm, we are committed to helping investors like you obtain full repayment of their losses whenever possible. Your experienced Fort Lauderdale investment loss lawyer will do everything in their power to ensure that the FINRA arbitrators award you whatever restitution you’re owed.
When to Call an Investment Loss Lawyer in Fort Lauderdale
Losing money on an investment or on the stock market is never easy. But it is often a risk that investors are willing to take, knowing that without risk, there’s no reward. With that being said, it is never acceptable to lose money based on the actions of your financial advisor, stockbroker, or brokerage firm.
You should be able to trust that your financial advisor is always acting in your best interests. In fact, if your financial advisor is registered, they have a fiduciary duty to always prioritize your needs above their own. If that fiduciary duty has been breached, then they are liable for the investment losses you have endured. Some of the more common ways that fiduciary duty breaches occur include:
- Lack of diversification
- Unauthorized trading
- Selling away
- Ponzi schemes
- Excessive trading (churning)
- Unsuitable recommendations
- Failure to supervise
If you have lost a considerable amount of money in an investment or on the stock market and you have reason to believe that your financial advisor or stockbroker is directly or indirectly responsible for your losses, you should speak with a qualified investment loss lawyer in Fort Lauderdale to discuss your options for financial recovery.
What Is FINRA Arbitration?
FINRA arbitration is a common way in which wronged investors seek full recovery of their investment losses. FINRA is responsible for overseeing the actions and misconduct of registered stockbrokers and financial advisors across the country. If misconduct, fraud, or negligence was the cause of your investment losses, then FINRA may be able to order the financial advisor to compensate you.
Your case will need to be heard before a panel of arbitrators, and the financial advisor will have the opportunity to explain their reasoning for the ways in which they handled your accounts. If the arbitrators determine that you are to be awarded restitution for your investment losses, you can usually expect to be repaid within thirty days of the decision.
Get in Touch with an Investment Loss Lawyer in Fort Lauderdale
If you are interested in further discussing your investment losses with a respected Fort Lauderdale investment loss lawyer at Wolper Law Firm, you can do so by calling our Florida office at 800-931-8452. You can also fill out the convenient contact form included below when you are ready to schedule your free, no-obligation consultation.