What Happens When You Suffer Losses Because a Stockbroker Lied
| November 18, 2019
Deceit in Securities Fraud Cases
In the last few years, there has been a disturbing trend of outright deceit in many securities fraud cases. Con artists and unscrupulous brokers or financial advisors may attempt to lie to investors in a variety of ways in order to manipulate investors or gain their trust, and these lies can sometimes be very difficult for an investor to uncover on his or her own.
Although brokers and financial advisors have a duty to put your interests first, some unscrupulous brokers are only out to make money for themselves. In order to line his or her own pockets or keep up the con, an unscrupulous broker may lie to investors or only tell part of the truth about:
- The financial stability or identity of the underlying companies in question
- The past performance history of a particular investment product
- How “safe” a particular investment product actually is
- The kinds of returns that can be reasonably expected
- How the stockbroker gets paid
- How a broker’s overall investment strategy works
This is hardly an exhaustive list. Some con artists may even go as far as sending out falsified account statements and other documents in hopes that investors won’t uncover the con.
How to Get Help If You Have Sustained Losses
Because investment misconduct and stockbroker fraud cases are often complicated, it often takes an experienced professional to unweave the web of lies surrounding an individual claim. If you believe that your stockbroker lied or misled you about an investment, and if you sustained losses as a result, it’s important that you speak to an experienced attorney as soon as possible.
Meyer Wilson has the expertise, experience, and resources necessary to review, investigate, and aggressively pursue claims against brokers who have lied to or misled their clients. Please feel free to give us a call to schedule a free and confidential case evaluation with a stockbroker fraud attorney who can answer your questions and explain the next steps.