Who Is Responsible?
My broker invested a large percentage of my portfolio in one asset class.
As a result, I have lost a significant amount of money.
When a customer seeks a well-balanced investment portfolio, brokers and
investment advisors have the duty to ensure that their clients’
investments are split among industry sectors, asset classes and securities,
which is known as diversification. When a broker fails to do so and places
a large portion of the portfolio into one type of investment, asset class
or security, it is known as overconcentration.
If your broker or advisor put “all of you eggs in one basket”
and if you lost money as a result, the brokerage firm could be held responsible
for your losses. To have your case reviewed by one of our experienced
broker fraud attorneys, call us toll-free at (888) 390-6491 or fill out our
contact form. Meyer Wilson represents broker misconduct claims across
the country. Our broker fraud lawyers have won millions of dollars in
losses for our clients.