We Represent Illinois Investors Whose Brokers Unsuitably Recommended Investments That Collapsed

When a financial product collapses due to broker misconduct, misrepresentation, or lack of due diligence, affected investors may have grounds to recover their losses through FINRA arbitration. Shepherd Smith Edwards and Kantas is a Chicago financial product failure law firm offering experienced legal representation to help Illinois investors hold negligent broker-dealers accountable and seek financial recovery.

For more than 35 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) has been fighting for investors throughout The Windy City and the rest of the Prairie State in pursuing their losses caused by a financial product that failed. While there is never a guarantee of how any investment will perform, there may be grounds for pursuing losses if broker misconduct or negligence was involved.

This is not the kind of investor claim that you want to make without seasoned Chicago, IL financial product failure attorneys on your side.

What Can Cause A Financial Product To Fail?

A financial product can refer to equities, bonds, other traditional assets, as well as investments packaged together by financial firms. An investment may be considered a failed financial product when it loses a significant amount of its value or totally collapses.

Some of the reasons a financial product can failure:

• Market volatility
• Economic crisis
• Operational problems
• Structural issues
• Poor pricing
• Poor management
• Ineffective risk assessment
• When debt surpasses cash flow
• Liquidity issues
• Cash flow problems
• Compliance failures
• Fraud
• Issuer bankruptcy

Contact our Chicago failed investment loss recovery law firm to find out more.

What Are Signs That My Investment Might Be Failing?

• Your financial product is underperforming based on the benchmarks that were set.
• Investor returns were suspended or stopped completely.
• You were promised liquidity only to discover that your money is frozen in the investment.
• You are receiving vague, incompletely, or difficult to understand financial statements about your investment. You may have stopped receiving any statements at all.
• The issuer of the financial product filed for bankruptcy protection.
• You notice unusual activity involving this investment in your account.
• Your financial product has significantly declined in value.

What Does Financial Product Failure Have To Do With Broker Misconduct?

While there are legitimate reasons a financial product might do badly, or even wrongful reasons that have nothing to do with the actions (or lack thereof) of your financial advisor,  there are way too many incidents when an investor becomes involved in an investment because their broker:

• Made an unsuitable investment recommendation of a financial product that was problematic from the start.
• Overconcentrated their money in an illiquid, too risky investment.
• Failed to fully apprise them of the risks.
• Inadvertently (or deliberately) involved them in an investment scam.
• Neglected to do the proper due diligence to ensure a financial product’s viability.
• Omitted or misrepresented material facts about the investment to the customer.
• Was not properly supervised or trained by the broker-dealer.
• Did not disclose conflicts of interest, such as when a financial advisor has something more to gain financially by recommending a volatile, high-risk, or speculative investment.
• Not only neglected to apprise a customer that an investment was doing badly, but also they failed to pull the investor’s funds out when they still could.
• Was deliberately defrauding customers in an investment scam.

Our Illinois failed financial product attorneys know how to identify why an investment did poorly and whether you should sue your broker.

I’m a Chicago, Illinois Investor. What Should I Do If My Investment That My Broker Sold Me Has Failed?

• Gather all the necessary documentation and records, including financial statements and communications with your financial advisor.
• Do NOT try to resolve your concerns with the broker-dealer. Once they suspect you might decide to accuse them of negligence or broker misconduct, they will stop being on your side.
• Contact our Chicago, Illinois financial product failure law firm today. Shepherd Smith Edwards has been representing investors against broker-dealers for a very long time. We are seasoned securities lawyers that know how to prove wrongdoing or carelessness by your financial advisor.

 

How Do I Sue My Broker For My Financial Product Failure?

You will likely have to make your claim in FINRA arbitration. You want to make sure that you have trusted Chicago failed investment product attorneys who know how to investigate the cause of your losses, build a solid Statement of Claim on your behalf, and provide you with robust securities representation before the panel of arbitrators.

You may be able to hold your broker liable for compensatory damages, interest and carrying costs, missed investment opportunity costs, legal fees, and, in some cases, punitive damages.

Allow Our Chicago Failed Investment Loss Lawyers To Help

Call (312) 462-4176 or (800) 259-9010 or contact us online to request your free case consultation.

141 W Jackson Blvd #3550A
Chicago, IL 60604