$950,000 recovery from brokerage firm that negligently approved a fraudulent investment product for sale to customers and negligently supervised its broker.
Stock brokerage firms, investment advisors, financial advisors, and private banks have a duty to their customers to provide full and fair disclosure regarding the risks and potential benefits of the investments such firms recommend and sell to their customers. Such information includes, but is not limited to, accurate information about the investment itself, such as the background of the company, its financial history, past performance, prospective future performance, as well as a full, fair, and balanced analysis of any risks associated with the investment. Without providing such full and fair disclosure, investors cannot adequately understand the nature and risk of prospective investments.
If a financial institution fails to adequately, fully, and fairly disclose the material risks of investments or misrepresent information about the investment, the financial advisor and/or his firm may be held liable for any financial losses that result. If you believe your financial advisor has misrepresented or omitted material information to you and you have suffered financial losses as a result, contact us. At Levin Law, our misrepresentation and omission fraud lawyers have concentrated the majority of their practice and careers to representing investors who have suffered investment losses based on the wrongdoing of brokerage firms and their financial advisors.
Stockbrokers have a duty to their customers to provide honest and informed investment advice. If brokers breach duties that they owe to their customers, brokerage firms are liable for such damages.
Brokerage firms may be held liable if their financial advisors misrepresent or omit material information to investors, which results in financial harm. At Levin Law, our Miami securities fraud lawyers have a reputation for aggressive and diligent representation. We offer focused and efficient legal support from start to finish. Our goal is to help you recover maximum compensation for your losses.
Contact a Miami misrepresentation and omission fraud attorney at (305) 402-9050 today. We look forward to speaking with you to determine your options through a free case evaluation.