When Your Financial Advisor Fails To Act In Your Best Interests
Your registered broker-dealer owes you a fiduciary obligation to act in your best interests. Unfortunately, this doesn’t always happen. Instead, your financial advisor might have unsuitably recommended an investment or trading strategy that was too risky for your risk tolerance level or engaged in unauthorized trading in your brokerage account without your permission. You also may have been the victim of outright broker fraud in which misappropriation or theft was involved. This is where our securities attorneys step in and help you.
Bottom line, financial advisors and their brokerage firms who breach their fiduciary duty to customers are placing them at risk of suffering significant investment losses. This is why breach of fiduciary is often what our securities lawyers hear as one of the most common claims made by investors seeking to pursue damages against a broker-dealer.