Stockbroker Misconduct Attorneys

Are You An Investor Who Is The Victim of Broker Negligence? Our Skilled Stockbroker Misconduct Attorneys Work With Investors In Pursuing Damages

Shepherd Smith Edwards and Kantas (investorlawyers.com) represent those who have suffered losses because their broker was negligent and did not uphold the professional standards they were required to fulfill. As a result, serious portfolio losses occurred. If you suspect you may be the victim of stockbroker negligence, contact us today so that we can help you determine whether you have grounds for a securities claim.

What Is Broker Negligence?

Stockbroker negligence doesn’t necessarily have to involve an intent to commit wrongdoing or cause harm. It can occur due to carelessness or ignorance or inexperience. Still, if your financial advisor acted—or failed to act—in such a way that breached their fiduciary duty to you, or they did not act in your best interests and this led to financial losses in your portfolio, there may be grounds for pursuing damages from the financial advisor and/or their brokerage firm.

It is important to note that broker negligence can be hard to identify, especially when it seems that the registered representative was acting with good intentions. It is one of the reasons why you should speak with seasoned stockbroker negligence attorneys who know what to look for.

Some examples of possible financial advisor negligence, depending on the specifics involved: 

• Making an unsuitable recommendation without ensuring the investment/strategy is appropriate given the investor’s financial goals, risk tolerance level, age, and other key information.
• Failing to diversify the investor’s portfolio and, instead, overconcentrating the customer in too many risky investments or in the same investment.
• Neglecting to monitor a customer’s portfolio and make changes as needed to protect the investor’s assets, ensure diversification, and adjust to shifting market trends, industry changes, economic developments, or new information about an investment.
• Making misrepresentations and omissions to an investor about material information regarding an investment because the financial advisor didn’t have or know this information themselves.

There is also gross negligence, which can involve a broker’s blatant or intentional disregard to fulfill the professional standards owed to an investor.

How Can Our Seasoned Broker Negligence Law Firm Help?

This is not the type of case that you want to pursue on your own. For over 30 years, Shepherd Smith Edwards and Kantas has been representing investors in recouping the damages they are owed because their financial advisor was reckless or ignorant.

Unfortunately for victims of broker negligence, their resulting portfolio losses can be very significant. Even if the broker-dealer was not aware this was happening, the firm itself could be held liable for failing to properly supervise their registered representative and not protecting their client.

If you do decide to file a negligence claim, know that this will likely have to be brought in FINRA arbitration. To maximize your chances for a full financial recovery, you will want to work with savvy securities lawyers that are also FINRA attorneys.

Contact Our Stockbroker Misconduct Attorneys Today:

Call (800) 259-9010 or fill out this form online to schedule your free, initial case consultation.