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People work hard for their money. Oftentimes, people invest their hard-earned money in the stock market and other investment vehicles with the assistance of a financial advisor or stockbroker. Relying on these professionals makes sense given the complex nature of investment opportunities in today’s world. The stakes are high, ranging anywhere from investing in a child’s college fund to saving for retirement. Unfortunately, some dishonest and unscrupulous advisors and brokers place their own interests above those of their clients, choosing to line their own pockets at the expense of their clients’ hard-earned money.

Financial advisors and stockbrokers can fail to live up to their professional duties in a variety of ways. Whether they do so intentionally or through negligence, the results are the same—an unnecessary loss of client funds. Some of the most common types of misconduct include:

  • Making misrepresentations and omissions regarding the risk of a particular investment

  • Failure to diversify, which is the overconcentration of an investor’s portfolio in a single industry or security

  • Churning, which is a fraudulent way to generate excessive commissions

  • Failure to perform due diligence prior to recommending an investment

  • The sale of securities or other investments that are not suitable for a client’s risk tolerance

  • Failure of managers to appropriately supervise the work of their advisors and brokers

  • The sale of fake securities or product

If you have lost money due to any of the above fraudulent or negligent behaviors, then you are eligible to file a lawsuit against your financial advisor, broker, or the investment firm with which your advisor or broker is employed. The law firm of Pospisil Swift has years of experience in recovering investor losses due to the actions of financial advisors or stockbrokers. If you believe that you or someone you know are the victims of investment losses due to the actions of your financial advisor or stockbroker, we can help. Fill out the form below or give us a call to discuss your potential case. An initial discussion is always free.