Representing Bluegrass State Investors Against Financial Advisors

When an investment fails, investors are the ones left grappling with how to recoup their money. At Shepherd Smith Edwards and Kantas (investorlawyers.com), we are a Lexington, KY securities law firm that is here to help you explore your legal options. Even if your financial advisor had nothing to do with the demise of your financial product, you may be able to file a lawsuit for broker misconduct or negligence to try and get your money back.

How Do I Know Whether I Can Hold My Broker Liable For My Failed Investment?

There are many reasons why a financial product might collapse. Market volatility, poor management, a change in business model, regulatory or compliance failures, bankruptcy, fraud, and more. Often, going after the issuer of the investment can prove challenging. What you can do, however, is investigate the broker-dealer that marketed and sold you the product. This is not something you should do without a skilled Kentucky failed investment lawyer helping you.

Your broker may not have been directly involved in the running of the financial product, but you still may be able to hold them liable for your losses if they:

• Made an unsuitable recommendation. This can involve selling you a financial product that was inappropriate given your investment profile.
• Misrepresentation and omissions. Our Kentucky financial product failure lawyers can’t tell you how often investors come to us after the collapse of their investment while claiming that they had no idea of the level of risk involved.
• Due diligence failures by a broker can be grounds for a financial product failure recovery claim if the registered representative neglected to properly research the investment to make sure they understood it, as well as to verify its viability.
• A financial advisor disregarding red flags indicating an investment might be in trouble can also be the reason for filing a Lexington, KY failed investment product claim. Stockbrokers are supposed to monitor not just customers’ portfolios but also the investments in them in case there are any suspect developments. To miss or ignore warning signs is a breach of fiduciary duty.
• Perhaps your broker-dealer had no idea that your financial advisor sold you this investment. Selling away, in which a broker solicits investments that were never vetted or approved by their firm, is an illegal practice. The brokerage firm can be sued to failing to properly supervise their financial advisor and your account.
• Your broker was somehow directly involved in the investment that failed, such as when they have a stake in the issuing company or are paid third-party fees separate from their role as a financial advisor.
• There are also brokers who will deliberately seek to sell you fraudulent products as part of some type of securities fraud.
• Other reasons for suing your broker-dealer over a financial product failure  can include broker fraud, negligence, gross negligence, overconcentration, and unauthorized transactions.

Why Hire Our Kentucky Financial Product Failure Attorneys?

• In addition to having our securities law office in Lexington, we are a national investment loss recovery law firm that is recognized for offering quality securities representation and personalized attention to investors.
• Our team at Shepherd Smith Edwards has more than a hundred years of collective experience in securities law and the securities industry.
• Many of us are former stockbrokers who quit that industry because we didn’t like the unsavory practices we witnessed. It is why we do what we do now, which is to fight for investors like you while protecting your legal rights. We know what broker misconduct and negligence looks like related to financial product failures.

Discuss Your Financial Product Failure Losses With Us Today

Call (866) 931-7628 or (800) 259-9010 to ask for your free case assessment.  This is not the kind of claim you should pursue without skilled securities lawyers by your side.

Our Kentucky Securities Law Office:

216 E Reynolds Rd #C
Lexington, KY 40517