Bond Fraud Lawyer
Did you lose a considerable amount of money after investing in bonds? If your broker misled or failed to inform you of the risks, you may be entitled to full restitution. Contact a qualified bond loss lawyer for more information.
You should be able to trust that your financial advisor is steering you in the right direction when it comes to your investment opportunities. Unfortunately, it is more common than you might think for brokers, brokerage firms, and financial advisors to prioritize their own financial interests over their clients’. When this happens, investors have been known to endure massive losses.
If you have suffered losses after investing in bonds and you believe your financial advisor’s negligence or misconduct is the cause of your losses, a respected bond fraud lawyer at Wolper Law Firm may be able to help you file a complaint with the Financial Industry Regulatory Authority (FINRA) to get your money back.
What Are Bonds?
Bonds are a type of debt security—essentially an IOU. You as the investor are basically loaning money to the borrower when you purchase a bond.
There are many different types of bonds out there, each with their own risks. Arguably the biggest risk with any bond is the risk of default. When this happens, you could lose your investment altogether. Although they can be an excellent way to generate steady gains, they are not suitable for every investor.
If your financial advisor failed to provide you with the information you needed to make an educated decision prior to purchasing the bond, misled you about what a bond was, or otherwise engaged in misconduct that resulted in significant bond losses, you may be able to initiate a FINRA arbitration complaint seeking full restitution for your losses from bond fraud.
Ways to Recover Your Bond Losses Due to Fraud
FINRA arbitration is a good way to go about getting your money back after suffering an investment loss of any kind. FINRA arbitration is different from court in several ways. First, FINRA arbitration is heard by a panel of arbitrators as opposed to a judge.
Although both court proceedings and arbitration provide opportunities for both parties to present evidence for and defend their case, arbitration can often be resolved more quickly than a court case would.
Many court cases can go on for years, sometimes followed by additional years of appeals. But with arbitration, most cases can result in a decision in as few as eighteen months and are not able to be appealed. Furthermore, once a decision has been made in your bond fraud case, if the arbitrators determine that you should be awarded restitution, restitution will typically need to be paid to you within thirty days.
Meet with a Lawyer About Your Bond Fraud Claim
To learn more about how an experienced bond fraud lawyer at Wolper Law Firm could help you with your FINRA arbitration hearing, schedule a free consultation by calling our office at 800-931-8452 or submitting the quick contact form included at the bottom of this page.