Do You Have Significant Losses in Your Portfolio Because Your Financial Advisor Told You to Buy a Bad Stock or Suggested a Bad Investment???

The saying, “Don’t put all your eggs in one basket,” is a fundamental principle of investing.  A financial advisor who neglects to diversify your portfolio may be making critical mistakes.  It’s important to always consult with your advisor before making new investments to ensure your portfolio is properly diversified.  If they fail to address this with you and allocate all your funds into a single investment, you could be at risk of significant loss. This is especially concerning if the advisor has an undisclosed conflict of interest.  

Your financial advisor also has a duty to make sure that any investment they recommend to you is suitable based on your investment objective, risk tolerance and financial situation.  In FINRA this is called the “Know Your Customer” rule, and your financial advisor must consider all three of these factors when making an investment recommendation.  For instance, if you tell your financial advisor that you’re only comfortable with a moderate amount of risk, your financial advisor cannot ignore your instructions and put you into high-risk investments or an aggressive investment strategy simply because you have a high net worth.  In such cases, you may have experienced unsuitable investment practices.  Reach out to a FINRA arbitration lawyer at Epperson and Greenidge to explore your options for filing a claim against a negligent broker or financial advisor.

Most lawsuits against financial advisors, investment advisors or brokerage firms must be brought in FINRA or AAA arbitrations.  The attorneys at Epperson & Greenidge have extensive experience within FINRA and AAA arbitrations as well as litigating in state and federal court.  We specialize in bringing these claims on behalf of investors.  We also have specific experience representing clients who have lost money due to bad advice from financial advisors or financial advisors mismanaging their clients’ investments.  We accept cases on a contingency basis: we only get paid if you collect money.  Time to file your claim may be limited, so call 877-445-9261 now to speak to an attorney for a free consultation or send an inquiry to us directly here.