However, in many cases the investor is not sophisticated about the intricacies of securities investing and this means totally relying on a financial planner or stockbroker to handle and direct their investments. Unfortunately there are times when the investments aren’t directed towards protecting the client’s financial position but rather maximizing the profit margin of the stockbroker.
When this kind of situation happens, the stockbroker assumes too much risk and when the market crashes, the investor is left holding losses they should not have if their original investments had been properly brokered. What happens to the investor here?
The investor may have a right to recover financial losses from the broker and the brokerage. This is particularly true if the investor has given the broker unlimited discretion in making investments with their money. Michael Smith and his partners have dealt with numerous cases like this and have a good track record of settlements.
Contact Little Rock Investment and Stockbroker Fraud Lawyer
If you feel you may have a case of investment/stockbroker fraud, call us today for a free consultation. Let’s talk and see what kind of a case you have.