I Lost Fixed Income or Principal: Do I Need a Securities and Investments Fraud Lawyer?
Feb. 16, 2015
The Law Office of G. Martin Meyers, released an article discussing “I Lost Fixed Income or Principal: Do I Need a Securities and Investments Fraud Lawyer?”, if you would like to know more Please continue reading below.
The elderly are especially vulnerable to securities and investment fraud because they rely so much on the retirement savings they have spent their entire life building. If your loved ones have lost out on principal they invested or on fixed income, it’s natural to want to investigate what happened.
There are many questions that you might have after you have sustained a loss in investment that impacted your income. In some situations, these occurrences could have been prevented. In other cases, the money never should have been invested in the first place. If you or a loved one has been a victim of broker negligence, fraud, misconduct, or advice that led to unsuitable investments, it may be wise for you to consult with a New Jersey securities and investment fraud attorney.
There are particular circumstances where you may have a claim against the broker, such as:
Situations where the broker misrepresented the risks involved in your investments. Especially when it comes to high risk “junk” bonds, your principal and the income you were counting on can be jeopardized
Events where your broker didn’t act reasonably, like cases where your instructions were ignored, you may have grounds for a negligence claim
Circumstances where your broker selected an inappropriate investment for you- brokers have a responsibility to investigate securities to see whether they align with client goals
Situations where your account was “churned”, like cases where a broker executes multiple and excessive transactions to earn commissions even though this goes against your investment objectives
In all of these cases, you may want to dig a little deeper to find out if you have been a victim of fraud. Part of your research should involve speaking directly with a New Jersey investment and securities fraud attorney.