Why Choose Our Financial Advisor Negligence Attorneys in Los Angeles?
Our business litigation attorneys have successfully litigated business disputes of all types in federal and state courts, and in arbitration. At Yadegar, Minoofar & Soleymani, LLP, our employment attorneys in Los Angeles inform our clients of the challenges facing businesses so that they avoid litigation. When litigation is inevitable, however, we vigorously prosecute and defend claims in all forums of dispute resolution including state and federal courts, arbitration, and mediation.
How Do I Determine If I Need A Los Angeles Angeles Financial Advisor Negligence Lawyer?
Losing money in a bad investment deal can be frustrating, but when do you know if you have – or should make – a claim against your financial advisor? When determining if you have a claim against your financial advisor, it is not always necessary to immediately file a lawsuit. Discrepancies in your portfolio may be readily explained, so reaching out to your financial advisor is a good first step before taking legal action.
However, if you are unhappy with the information that your advisor has given you, there are next steps you can take, including filing a complaint with the Financial Industry Regulatory Authority (FINRA). There are several common circumstances under which an individual has sufficient grounds to file a claim.
First, financial advisors are required to make recommendations based on the needs of their clients. When proposing investments, brokers take into consideration the financial situation of their client as well as what they hope to accomplish by investing. Such investment guidelines can be intuitive, or they can be intuitive based on the information that has been gathered through conversation. If an advisor acts outside of these rules, you may have grounds for a claim against your advisor.
You may also have a claim against your advisor if you lose a substantial portion of your principal after being told the investments being taken were low risk. This may be a result of the financial advisor omitting information in the recommendations to you. Similarly, irregular account activity could also be cause for concern, and may be worth looking into.
Call our Los Angeles Financial Advisor Negligence Lawyers Today
If your financial advisor deceives you through either directly or through omission of information, your advisor is not acting in your best interest and you could make a case against them; financial advisors are not allowed to make trades unless you authorize them to do so, and if they are going around their own recommendations you may have a strong case against them. If you need a financial advisor negligence attorney, call us today at (310) 499-0140 for a 30-minute free evaluation.