We do Wall Street disputes …and only Wall Street disputes.
During any down market, many investors suffer huge losses in their retirement savings. Unfortunately, many of these investors are seniors and retirees who do not have enough time to wait and hope for a recovery.
The mere fact that losses occurred in your retirement account does not always give rise to a valid claim against your stockbroker or adviser. However, in many circumstances, the losses suffered could have, and should have been avoided.
Here are questions you should be asking:
• Are you aware of the risk in your portfolio?
• Do you have speculative securities in your portfolio?
• Is your broker working for you or the brokerage?
Unfortunately, often your broker or adviser may have conflicting interests that prevent you from knowing the answers to these questions.
Investment Recovery Counsel can help you recover your stock market losses. If you feel you have been a victim of financial abuse, Investment Recovery Counsel can determine whether you may have a claim by completing our free evaluation.
Who does your Stockbroker work for?
The simple truth is that stockbrokers are in the business of selling securities. Contrary to most mass media and advertising campaigns, Wall Street is primarily in the business of making money – for Wall Street. The reality is your stockbroker works for the brokerage house first — and you second. Your interests often take a back seat to a variety of undisclosed compensation programs, commission splits or fee sharing agreements.
Determining what is appropriate or suitable for your investment account depends on what is best for you, not what pays the most commission.
The law requires your stockbroker to invest only in securities that are appropriate or suitable for your acceptable level of risk and investment objective. If you are concerned you may be a financial victim of stockbroker fraud, complete our free evaluation today.
Investment Fraud Happens
Fact: Your adviser is required to understand who you are as a customer or investor before making any recommendation to you.
Fact: Your adviser is required to recommend only those investments that match your investment objectives and your acceptable level of risk.
Fact: Your adviser must ensure that each and every investment in your portfolio is within your comfort level of risk
Fact: Many advisers are primarily interested in selling you their products, and not very interested in fully understanding your investment objective and acceptable level of risk.
Fact: Unfortunately, your adviser’s fees and commission schedules often work against your best interest.
Get the facts regarding your rights. If you are a financial abuse victim who has suffered the loss of your retirement savings, see if Investment Recovery Counsel can help you by completing our free claim evaluation.