Mississippi Broker Fraud Lawsuit Attorney

Mississippi Broker Fraud Attorneys

Our Gulfport, MS Investor Loss Law Firm Has Helped Thousands To Recover Damages

Any time you invest, you are always taking on some risk. As a matter of fact, it is a red flag if someone recommends an investment with the promise of zero risk of loss along with the “guarantee” that you will make money. Also, serious investment losses can happen due to market volatility or adverse events. However, if you sustained any portfolio losses that you suspect may have been, in part, due to financial advisor misconduct or negligence, our Gulfport, Mississippi Broker Fraud Lawsuit Attorney teams can help you determine whether you have grounds for a lawsuit seeking financial recovery.

For over 30 years, Shepherd Smith Edwards and Kantas (investorlawyers.com) have fought for retail investors, retirees, senior investors, high-net-worth individual investors, institutional investors, and others in Mississippi against the brokerage firms who failed to protect their customers’ assets from the wrongful or negligent actions of their registered representatives. With a combined over a century’s worth of experience in securities law and the securities industry, our trusted Gulfport broker misconduct law firm has the manpower, resources, and skills to take on the most complex cases against even the largest firms on Wall Street.

What Is Stockbroker Fraud?

This term can refer to any act by a financial advisor that breaches their fiduciary duty to an investor. In some cases, the broker is engaging in wrongful actions to purposely steal from a client or place their own profit over the latter’s best interests. In most instances, there may not be the purposeful intent to fleece clients yet financial advisor misconduct or negligence still resulted in serious investor losses. Examples of common kinds of broker fraud include:

• Making unsuitable investment recommendations that are inappropriate for the customer given their investing profile, financial goals, or risk tolerance level.
• Excessively trading in a customer’s account. Also known as churning, this can earn a broker and their firm additional fees while costing the investor money.
• Misrepresenting or omitting key facts, such as the high level of risk an investor may be exposing themselves to by agreeing to a particular type of complex trading strategy.
• Failing to diversify a customer’s portfolio.
• Overconcentrating too much of a client’s funds in one particular investment or sector of the market, which can be risky should either significantly decline in value.
• Poor portfolio management leads to investor losses that could otherwise have been avoided.
• Not disclosing personal conflicts of interest, such as when a broker has a financial stake in a company that they recommended you invest in.

What Should You Do If You Are A Mississippi Investor Who Was The Victim of Broker Fraud? 

Not only should you explore your legal options, but also, if you do have grounds for suing your financial advisor, then it is important you hire seasoned broker-dealer negligence lawyers to represent you while protecting your best interests.

Going after your stockbroker, and likely also their broker-dealer, whose supervisory failures may have enabled the misconduct or carelessness to happen is not easy. This is not the type of lawsuit that you want to take on by yourself. For one, the financial firm will likely have its own legal team representing them. Also, your claim will have to be brought in FINRA arbitration, which is a very specific kind of forum that requires distinct strategies and approaches in order to maximize your chances for a successful case outcome.

 

At Shepherd Smith Edwards and Kantas, our Mississippi Broker Fraud Lawsuit Attorney has helped thousands of investors to collectively recover many millions of dollars in arbitration, mediation, and litigation. We provide quality legal representation along with personalized attention. When you work with us, you are retaining our entire firm of savvy securities attorneys, legal assistants, consultants, and more. More than 90% of investors we have worked with have received full or partial financial recovery with our help.

How To Contact Our Mississippi Broker Fraud Lawsuit Attorneys

Call (228) 206-2493 or (800) 259-9010 or contact us online.

Mississippi Broker Fraud Lawsuit Attorney
2118 18th St #100
Gulfport, MS 39501