New Orleans Misrepresentations and Omissions Law Firm

Shepherd Smith Edwards and Kantas represents Louisiana investors who have suffered financial losses due to stockbrokers providing false information or withholding critical details about investment strategies. Their New Orleans-based legal team helps victims of both negligent and intentional securities fraud pursue damage recovery through the FINRA arbitration process.

We Represent Louisiana Investors With Securities Claims Against Financial Advisors

For many investors, hiring a broker is an important step in managing, preserving, or growing their money. These are supposed to be trusted fiduciaries looking out for your best interests and making sure you have all of the material information you need. Unfortunately, there are stockbrokers who fail to do their job properly. The making of misrepresentations and omissions is one of the most common grounds cited for why an investor might sue their financial advisor.

The Shepherd Smith Edwards and Kantas New Orleans Misrepresentations and Omissions Law Firm (investorlawyers.com) represents investors in New Orleans and all over the Bayou State in pursuing damages sustained because their financial advisor withheld or did not accurately convey material information about an investment or strategy. Contact our Metairie securities law office today to find out how we may be able to help.

What Are Misrepresentations and Omissions That Can Lead To A Broker Fraud Lawsuit?

A misrepresentation is when a financial advisor provides misleading or false information about an investment or strategy to a customer. An omission is when crucial information is not provided, whether deliberately or unintentionally.

Misrepresentations or omissions can compel an investor to make decisions about an investment, strategy, or their portfolio based on incomplete or inaccurate information.

Is There A Difference Between Negligent and Intentional Misrepresentations?

A misrepresentation or omission can be deliberate, in which case the financial advisor and/or their firm that provided the false or inaccurate information—or left out key facts—is committing securities fraud. There is also what is known as negligent misrepresentations or omissions, in which this harm was done unintentionally and without malintent.

Whether negligently or intentionally, misrepresentations and omissions can be harmful to an investor, cause them to sustain serious losses, and may be grounds for a New Orleans misrepresentations and omissions claim against the broker-dealer and their registered representative.

I’m A Louisiana Investor. How Do I Know Whether I’m A Victim of Misrepresentations and Omissions?

It is hard to know for certain unless you speak with a skilled New Orleans misrepresentations and omission lawyer who knows how to assess the actual cause of your losses. However, here are common signs that may indicate that your broker did not give you an accurate picture of your investment or the strategy they are recommending to you:

• Your financial advisor claims that your investment will render you guaranteed returns. Not only is this misleading, since no legitimate investment can make this kind of promise, but it could also be a sign that your broker or investment adviser may be trying to defraud you.
• You are told a particular financial product is low-to-no risk, only to later discover that you have suffered serious losses in what was a high-risk, volatile, or fraudulent investment. Also, “no risk” investments don’t exist.
• Your financial advisor fails to fully apprise you of all of the costs you are going to have to pay, including commissions and other fees. These charges end up taking a significant chunk out of any possible returns.
• A stockbroker doesn’t tell you that they have a conflict of interest when they choose to recommend a particular unregistered investment to you.
• Your financial advisor neglected to mention that the investment they are selling you was not approved or vetted by your broker-dealer.
• The alternative investment you were sold is having financial problems. Your broker does not apprise you of this fact and continues to keep you in this product.

 

What Happens If I Do Have Grounds for A Louisiana Omissions or Misrepresentations Claim?

You want to make sure you are represented by trusted New Orleans securities lawyers that have experience in pursuing this kind of claim against brokerage firms and investment advisers. At Shepherd Smith Edwards and Kantas, we have secured a collective many millions of dollars in damages for thousands of investors.

If you do have grounds for suing your brokerage firm, and we decide to work together, our Metairie, LA misrepresentations and omissions attorneys would thoroughly investigate the cause of your losses and file your investor claim in FINRA arbitration. We would represent you in all legal proceedings as we maximize your chances for a full recovery. More than 90% of our clients have secured full or partial financial recovery in arbitration, mediation, and litigation.

Contact Our New Orleans Misrepresentations and Omissions Law Firm

To request your free, no obligation case consultation, call (504) 324-0252 or (800) 259-9010. You can also fill out this online form.

Our Louisiana Securities Law Office

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