Contact Shepherd Smith Edwards and Kantas If Your Broker Left Out Or Misstated Important Information And You Suffered Investment Losses

Shepherd Smith Edwards and Kantas represent Colorado investors who have suffered portfolio losses due to false statements, misleading advice, or undisclosed information from their financial advisors. Their experienced Denver securities attorneys help victims navigate FINRA arbitration to hold negligent or fraudulent brokers accountable and recover their investments.

As an investor who hires a financial advisor, you want to know that you can trust them to give you sound financial advice, as well as disclose all material facts that you need so you can make the right decisions for you and your money. Unfortunately, broker misrepresentations and omissions remains a serious problem that can cause investors to suffer portfolio losses.

At Shepherd Smith Edwards and Kantas (investorlawyers.com), our Denver, CO securities law firm is here to help. We represent Colorado investors with investment loss recovery claims against their financial advisors.

What Are Misrepresentations and Omissions by a Broker?

This refers to when a financial advisor provides a customer with false, incomplete, inaccurate, or misleading information or statements either deliberately or due to carelessness or ignorance.

• According to the Financial Industry Regulatory Authority (FINRA), it records up to 1100 dispute filings involving misrepresentations every year. Up to 900 omissions claims are made annually.
• Misrepresentations or omissions by a financial advisor keep customers from being able to properly assess the actual risks and costs of an investment or a strategy and whether it makes sense to move forward with it.
• They can give a customer a false sense of security about how safe an investment recommendation is while minimizing the degree and variety of risks involved.
• Undisclosed hidden costs can lead to inevitable investment losses that can catch an investor by surprise.
• A customer may opt to stay in a particular investment without knowing that it is already in trouble because their broker failed to tell them.
• Omissions or misrepresentations by a financial advisor can be deliberate, which is fraudulent behavior, or unintentional, which is negligence. Either way, you may be able to file a broker misconduct case.

I’m A Colorado Investor. How Do I Prove I Was The Victim of Misrepresentations and Omissions by My Broker?

• Gather the necessary paperwork, documentation, and communications you have on record that demonstrate the false information they gave you, or the key facts they didn’t provide.
• Review any verbal claims they made to you and if anything, that your broker told you is counter to what is found in the investment prospectus. Brokers can be held liable if statements they made override disclaimers in writing.
• You must demonstrate that you relied on the misrepresentation or omission they made as their customer, and this led to a financial loss or loss causation.

 

Why Is It Important That You Work With Savvy Denver, CO Misrepresentations and Omissions Lawyers?

Identifying and then proving that you were the victim of misrepresentations and omissions can be very challenging, especially when your financial advisor has defense lawyers working for them who can combat your claims. You need to hire Colorado omissions attorneys that will protect your best interests while fighting for you.

Suing a brokerage firm in FINRA arbitration is not the same as going to court. It is important that you have skilled securities representation that knows how to navigate this legal venue and has experience winning awards for investors. Remember that once an arbitration panel rules on your Colorado misrepresentations and omissions claim, the decision is likely final.

What Are FINRA Rules Related To Misrepresentations and Omissions?

Rule 2020: Prohibits any transactions involving deception, fraud, or manipulation by the broker.

Rule 2210: Prohibits communications that are not fair or balanced and can be misleading.

Rule 2010 : All businesses needs to fulfill the highest standards regarding commercial honor and trade principles.

Rule 2150: Keeps financial advisors from making guarantees about investments.

Rule 2240: This rule addresses conflicts of interest that can lead to misrepresentations and omissions.

Why Hire Our Denver, Colorado Misrepresentations and Omissions Law Firm?

• Shepherd Smith Edwards and Kantas have a collective of more than 100 years of experience in securities law and the securities industry.
• Many of the investors we represent have suffered losses because of omissions or representations by a financial advisor.
• More than 90% of our clients have won awards or secured settlements through our dedicated efforts.

Schedule Your Free Case Consultation Today:

Call our Colorado Misrepresentations and Omissions Law Firm at (720) 439-2827 or (800) 259-9010 or contact us online.

1700 Lincoln St #2710
Denver, CO 80203