Corporate and Other Business Entities
Many businesses and institutions, large and small, utilize the securities markets in varying ways as part of their business plans. Sometimes those plans include the use of the markets to raise funds, either through a stock offering, or through a debt transaction including things like bonds, swaps, or other structures. In other instances, business and institutions utilize securities accounts as a holding place for cash reserves to generate some amount of income or growth on those reserves until they are needed. In either case, those businesses and institutions are often relying upon the expertise and guidance of financial advisors and other professionals working for broker-dealers for guidance on planning and execution of those transactions.
Sometimes, unfortunately the decision makers are misled by these advisors about how the transactions will work, what the costs or risks of those deals may be, or otherwise generally given bad investment advice that they ultimately rely upon. Other times, those advisors may simply make mistakes, potentially including exercising bad judgement on behalf of that client, or by failing to take some action necessary to properly effectuate the businesses' transactions. In either case, those problems, whether intentional or negligent, can have devastating consequences for the businesses that were relying upon the advisors. Our firm has represented a number of business entities, retirement plans and municipalities in these situations and can advise you on what your rights may be to try to recover the losses that resulted from these problems.