Investment / Stockbroker Fraud & Negligence
Birmingham Investment / Stockbroker Fraud & Negligence Attorneys
Financial stability is the end goal for many people. To this end, they often think through their investments carefully before making the decision to commit. And, when they do decide to commit, they tend to seek out experienced professionals to ensure that their investment is as low-risk and high-yielding as possible. Imagine how incredibly devastating a betrayal by such an individual would be.
The lawyers at Gordon, Dana & Gilmore, LLC, can help you with these cases of investment and stockbroker negligence, willful misconduct and fraud. We understand exactly how crushing these cases can be, both emotionally and financially. As a result, we are dedicated to fiercely representing our clients and working to ensure that their rights and best interests are upheld. Gordon, Dana & Gilmore, LLC has 135 years of combined experience – we will work hard to keep your assets safe.
Broker and Advisor Failure
The financial arena is one of those areas where participants place both their trust and well-being in the professionals in question. Much like patients who trust a doctor to take care of them well and give them the right treatment necessary to help them thrive, investors trust their brokers and financial advisor’s to handle their money with the utmost professionalism and to keep their best interests in mind at all times. When the brokers in question fail to do this, consequences are devastating.
With all of the above said, it can sometimes be difficult to prove negligence, willful misconduct and even fraud in these kinds of cases. Finance is, after all, a field that is prone to volatile highs and lows. The ability to determine definitively that your broker has wronged you can be an important and complex one to prove. How do you know if your broker or advisor has committed a crime as opposed to simply being negligent? Well, there are certain types of investments that are more prone to fraud than others. Some of the investments that individuals make with brokers that are riskier than others include:
- Mutual Funds. Mutual funds are a rather unpredictable fund that require the careful oversight of experienced investment advisors or even a board of directors. Should the handling of these funds prove inadequate, it is entirely possible that the funds could prove extremely financially damaging to investors.
- Penny Stocks. Penny stocks, like mutual funds, can prove a risky investment. These are stocks that are traded for less than $5. There are innumerable procedures and regulations regarding how, exactly, they can be handled. This complex process often makes them ripe for misuse.
- Private Placement Investments. Private Placement Investments, also known as PPIs, are not registered with the SEC (Securities Exchange Commission). They offer large returns; however, they are extremely risky as an investment and are not right for the vast majority of individuals as a result.
- Variable Annuity Fraud. This kind of investment is high risk. Much like PPIs, they are usually not suitable for the majority of investors. They are also easily abused by fraudulent brokers, with senior citizens being the most vulnerable.
As you see from the above, there are a wide array of investments that can be the source of wrongdoing. It is important, then, to be aware of the investments that you are making and to carefully keep track of your broker’s actions. With that said, it is not your fault if you end up being victimized by a bad broker or advisor! You deserve to receive as much compensation as possible in this situation, which is why we believe that you should always opt for representation.
Investment and Stockbroker Fraud
Do not settle for anything less than the very best representation possible when you have experienced misconduct at the hands of your investment advisor or stockbroker. The lawyers at Gordon, Dana & Gilmore, LLC, will fight to ensure that the damage you have experienced is mitigated and that you receive the maximum possible compensation. We have over 135 years of combined experience – we can try to keep your assets safe.
Investment / Stockbroker Fraud & Negligence Lawyers
Gordon, Dana & Gilmore, LLC is the preferred law Firm for the handling and referral of sensitive business, personal and litigation matters that require “troubleshooting expertise” as well as a professional approach at a higher level.