New Orleans Financial Product Failure Lawyers

I’m A Louisiana investor whose investment failed. What Can I Do To Get My Money Back?

The securities law firm Shepherd Smith Edwards and Kantas offers legal representation to Louisiana investors who have suffered significant losses due to financial product failures, fraud, or broker negligence. Their team of experienced New Orleans-based attorneys helps victims navigate FINRA arbitration to recoup funds lost through unsuitable recommendations, lack of due diligence, or account mismanagement.

Losing money in a failed financial product can lead to devastating losses. At Shepherd Smith Edwards and Kantas (investorlawyers.com) we work with investors whose financial advisors sold them these investments that became defunct or proved fraudulent. While not all financial product failures may warrant grounds for a broker misconduct lawsuit to recoup your money, there are many instances in which financial advisor negligence may have played a part.

From our Metairie securities law office in New Orleans, we help Louisiana investors who have been the victims of financial product failures in their fight to become financially whole again.

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

This is what happens when a financial instrument or investment performs so poorly that it fails, leading to serious investor losses. A fraudulent financial product is also considered a failure since its victim investors likely lost money, not to mention suffered the trauma of becoming the target of a scam.

While your broker and their firm may not have been directly involved in causing a financial product to fail, their actions may have contributed to your investment losses.

Here are examples of financial product failures involving brokers: 

Unsuitable investment recommendations: Your financial advisor sold you the product even though it was too risky for you, given that you are a retail investor.

Due diligence failures: Your broker did not properly vet the investment to make sure there were no financial problems or questionable red flags indicating there was a scam involved.

Regulation Best Interest violations: The brokerage firm you were working with heavily overconcentrated your account with this product, not because it was a good investment for you but so they could line their pockets with high commissions and fees.

Poor account mismanagement: Your broker could have easily found out that an investment that they thought was solid was starting to fail. Instead, they ignored the warning signs and continued to keep your money in that financial product. When the investment’s issuer filed for bankruptcy, you ended up losing money.

Can I Sue My Broker Over My Financial Product Failure Losses in Louisiana? 

These days, disputes between investors and financial advisors are not made in court. They are filed in the Financial Industry Regulatory Authority (FINRA) arbitration. This is why you need seasoned New Orleans financial product failure attorneys who know how to pursue this type of claim in this legal forum. A FINRA arbitration hearing will be held near where the customer who filed the case was living at the time the dispute happened.

Why Should I Hire Your Financial Product Failure Lawyers To Represent Me?

We represent investors all over Louisiana in recouping their losses caused by negligent or reckless brokerage firms and their registered representatives. Our financial product failure securities law team has a combined more than 100 years of experience in securities law and the securities industry. Together, we have collectively secured many millions of dollars for thousands of investors, including those in the Bayou State.

We have worked with retail investors, retirees, accredited investors, seniors, wealthy investors, and institutional investors in more than 1000 matters in arbitration, mediation, and litigation. Many of us are former brokers who quit that job because we did not like many of the fraudulent behaviors and bad practices that we witnessed, which were hurting rather than helping investors. It is why we left and founded Shepherd Smith Edwards and Kantas. We are a well-respected and seasoned securities law firm exclusively dedicated to fighting for investors while protecting their legal rights.

When you work with us, know that you are hiring trusted New Orleans, LA financial product failure attorneys that will look out for you. We will build a strong FINRA arbitration case on your behalf against your broker and maximize your chances for a full recovery.

What Steps Can You Take To Find Out Whether You Have Grounds for A Louisiana Financial Product Failure Claim? 

Step 1: Gather all documents regarding your now failed investment as well as any communications with your financial advisor regarding what they may have told you about your product and portfolio.

Step 2: If you’ve been trying to speak with your broker about your losses, stop all communications with them. They will be looking out for their best interests and protecting the firm at this point rather than wanting to help.

Step 3: Contact Shepherd Smith Edwards and Kantas today to request your free case evaluation.

Contact Our New Orleans Financial Product Failure Lawyers Today:

Call (504) 324-0252 Or (800) 259-9010

Lakeway Two
3850 N Causeway Blvd #200-B
Metairie, LA 70002