Investment Advise Lawyers
Bad Investment Advice and Illegal, Unethical Actions by Stock Broker Lawyers:
Hackensack, Atlantic City, Paramus, Newark, Paterson, Livingston, Short Hills, Camden, Clifton, Elizabeth, Edison, Jersey City, Toms River AR; Fort Smith AR; Jonesboro AR; Little Rock AR; Bakersfield CA; Chico CA; Fresno CA; Humboldt County CA; Inland Empire CA; Long Beach CA; Los Angeles CA; Mendocino (new) CA; Merced CA; Modesto CA; Monterey CA; O.C. CA; Oakland CA; Palm Springs CA; Palmdale CA; Redding CA; Sacramento CA; San Diego CA; San Fernando Valley CA; San Francisco CA; San Gabriel Valley CA; San Jose CA; San Luis Obispo CA; San Mateo CA; Santa Barbara CA; Santa Cruz CA; Santa Maria CA; Siskiyou CA; Stockton CA; Susanville CA; Ventura CA; Visalia CA; Daytona FL; Fort Myers FL; Ft Lauderdale FL; Gainesville FL; Jacksonville FL; Keys FL; Lakeland FL; Miami FL; Ocala FL; Orlando FL; Panama City FL; Pensacola FL; Sarasota FL; Space Coast FL; St. Augustine FL; Tallahassee FL; Tampa FL; Treasure Coast FL; West Palm Beach FL; Albany GA; Athens GA; Atlanta GA; Augusta GA; Brunswick GA; Columbus GA; Macon GA; Northwest GA GA; Savannah GA; Statesboro GA; Valdosta GA; Bloomington IL; Carbondale IL; Chambana IL; Chicago IL; Decatur IL; La Salle County IL; Mattoon IL; Peoria IL; Rockford IL; Springfield IL; ; Bloomington IN; Evansville IN; Ft Wayne IN; Indianapolis IN; Kokomo IN; Lafayette IN; Muncie IN; Richmond IN; South Bend IN; Terre Haute IN; Cedar Rapids IA; Des Moines IA; Dubuque IA; Fort Dodge IA; IA City IA; Mason City IA; Ottumwa IA; Quad Cities IA; Sioux City IA; Waterloo IA; Ann Arbor MI; Battle Creek MI;Detroit MI; Flint MI; Grand Rapids MI; Holland MI; Jackson MI; Kalamazoo MI; Lansing MI; Monroe MI; Muskegon MI; Northern MI MI; Port Huron MI; Saginaw MI; MI; Upper Peninsula MI; Hackensack, Atlantic City, Paramus, Newark, Paterson, Livingston, Short Hills, Camden, Clifton, Elizabeth, Edison, Jersey City, Toms River, Albuquerque, New Mexico; Santa Fe, New Mexico; Albany, NY; Binghamton, NY; Buffalo NY; Catskills NY; Chautauqua NY; Elmira, NY; Finger Lakes NY; Glens Falls NY; Hudson Valley NY; Ithaca NY; Long Island, NY; New York City, NY, Brooklyn, Queens, Staten island, Bronx, White Plains,New Rochelle; Oneonta NY; Plattsburgh NY; Potsdam NY; Rochester, NY; Syracuse NY; Twin Tiers, NY; Utica NY; Watertown, NY; Westchester, NY; Asheville, NC; Boone NC; Charlotte NC; Eastern NC; Fayetteville NC; Greensboro NC; Hickory NC; Outer Banks NC; Raleigh NC; Wilmington NC; Winston Salem NC; Fargo ND; Charleston SC; Columbia, SC; Florence SC; Greenville SC; Hilton Head, SC; Myrtle Beach SC; Chattanooga, TN; Knoxville, TN; Memphis, TN; Nashville, TN; Tri-cities TN; Abilene, TX; Amarillo, TX; Austin, TX; Beaumont ,TX; Brownsville TX; College Station TX; Corpus Christi TX; Dallas TX; Denton TX; El Paso TX; Fort Worth TX; Galveston TX; Houston, TX; Huntsville TX; Killeen, TX; Laredo TX; Lubbock TX; Mcallen TX; Odessa TX; San Antonio TX; San Marcos TX; Texarkana TX; Texoma, TX; Tyler TX; Victoria TX; Waco TX; Wichita Falls TX; Appleton WI; Eau Claire WI; Green Bay WI; Janesville, WI; La Crosse WI; Madison, WI; and Milwaukee WI; and get you the unpaid overtime you are entitled to.
Securities brokers, investment advisors, and other financial industry professionals who give bad investment advice or engage in illegal or unethical conduct in their dealings with clients cost investors millions of dollars each year. Brokers who invest their clients in overly risky or unsuitable investments or violate federal laws or industry ethical standards may face civil or criminal penalties. In many cases, defrauded investors are able to recover their financial losses by taking legal action against the broker or the brokerage firm that employs them.
Stock brokers are required to investigate a client’s individual financial situation and take into consideration several factors before determining whether an investment opportunity is suitable for the client. The use of unsuitable investments is a common complaint about brokers from clients who see their investment accounts drained by overly risky investments they did not understand.
Brokers should always consider the client’s previous investment experience and tolerance for financial risk in recommending investment opportunities. Several factors should be evaluated to determine whether a particular investment is suitable for a client, including the client’s:
- Other sources of income
- Liquid net worth
- Educational level
- Understanding of risks
- Other investments and debt
- Financial needs
Other Investment Risks
Investors may also be defrauded by stock brokers and financial advisors who engage in illegal or unethical activities in the handling of client investment accounts. Investors may find their investment accounts are being mishandled by unscrupulous advisors who do not have the client’s best interests in mind. Broker misconduct most commonly consists of:
- “Churning” a client’s account with unnecessary activity in order to earn commissions
- Failure to diversify the client’s portfolio
- Making unauthorized trades
- Sale of variable annuities to clients who are not good candidates for the investments
- Abuse of margin accounts
- Brokerage firm’s failure to properly supervise its brokers
If you have questions about the application of the law in a particular case, consult your lawyer
. The law is constantly changing .
Information on this site or any site to which we link does not constitute legal advice .