Investing would be easy if a single strategy was right for everyone. Yet investors vary from one another in terms of their financial circumstances, goals, needs, and tolerance of risk. Investments that are appropriate for an unmarried 25-year-old may not be suitable for a 50-year-old with kids in college or for a retiree who depends on investment income.
Stockbrokers, investment advisors, and insurance agents have a duty to fully understand their clients’ financial circumstances and to recommend only suitable financial products or trading strategies. Those who recommend unsuitable investments can be held liable when their recommendations result in major losses.
Broker or Advisor Recommended a Bad Investment
Did your investment advisor or stockbroker recommend unsuitable investments? Did you suffer a significant financial loss because of his or her recommendations? Please contact the broker misconduct attorneys of McCarthy, Lebit, Crystal & Liffman today to discuss your case. We have the experience and ability to analyze your case and determine whether you have been a victim of investment fraud or stockbroker misconduct.
Our lawyers are dedicated to helping victims of financial misconduct recover their investment losses. We may be able to help you get your money back through the securities arbitration process.
We have successfully resolved many cases for clients who have suffered financial losses due to unsuitable investments, including investments involving:
- IRA and ERISA-covered Retirement Accounts like 401k, Profit Sharing, and Pension Plans
- Margin trading
- Variable annuities
- Variable Universal Life Insurance
- Outside Money Managers
- Options Trading
For representation you can rely on, please contact McCarthy, Lebit, Crystal & Liffman in Cleveland, Ohio, today.