Securities litigation and arbitration is a complex area of law, with many different issues and legal claims that can arise in connection with a single private investor’s account. Below, we highlight just a few of the most common issues we handle at our law firm.
Investment and Securities Fraud
In securities law, the word “fraud” can include many types of unlawful conduct, almost all of it centered around a broker or advisor’s failure to adequately inform their clients. As a private investor, you were entitled to learn every material fact about your advisor’s recommended investment opportunity — the benefits, the risks, the true costs (including commissions and fees), any conflicts of interest, and so on. Any misrepresentation or omission could qualify as securities fraud. Both state and federal law protects the victims of investment fraud.
Breach of Fiduciary Duty
In the securities industry, stockbrokers and financial advisors are given the absolute highest legal standard of care. It’s called a fiduciary duty, and it means the broker must act responsibly with your money, put your best interests first, and handle your account and portfolio in good faith. Sadly, advisors breach their fiduciary duty all the time — and it happens in many different ways. If an adviser or brokerage firm breached their duties in your case, they may be responsible for paying back all the financial harm they caused.
Included in a financial advisor’s fiduciary duty is the requirement that he or she only recommend investments that are suitable for you. To determine whether an opportunity is suitable, they must perform due diligence, giving full consideration to the investment’s potential risks and to you and your account as a whole. When advisors make unsuitable investments, it is grounds for legal action. Most risky investments are considered unsuitable investments. A securities fraud attorney in our office can help you determine whether you might have an unsuitable investment claim.
About Our Securities Litigation & Arbitration Law Firm
The Wolper Law Firm, PA represents investors who have suffered financial losses in investments due to the misconduct or poor advice of their brokerage firms, financial advisors, and/or other financial professionals. Our attorneys are well prepared to handle claims relating to stocks, bonds, alternative investments, options, margin, securities based lending, mutual funds, structured products, failure to hedge, concentrated positions, and more. Investors with legal questions are encouraged to call our office or schedule a free consultation as soon as possible.