Explaining Investment Risks
My broker didn't explain the potential risks involved in the investment
he recommended. I ultimately lost money. Can I hold the brokerage firm
The broker and brokerage firm have the duty to deal in good faith with
you, as the client. Many courts have determined that they also owe a higher
level of duty to their clients, known as fiduciary duty, due to the amount
of trust that is created. When a broker does something to violate this
trust, it is often considered a breach of fiduciary duty and the brokerage
firm may be held liable for your financial losses.
Breach of fiduciary duty claims are generally handled in arbitration before the Financial Industry
Regulatory Authority (FINRA). The broker misconduct lawyers at Meyer Wilson
have experience representing clients in arbitration, litigation, mediation
and class action lawsuits. For a free case evaluation, contact us by calling
(888) 390-6491 or
filling out our online form.