Investments are an integral part of retirement and financial well being. As a result, many choose to invest in a 401k, IRA or other public or private investment accounts and seek the professional assistance of financial advisor or stockbroker. These professionals are charged with a fiduciary duty to keep their clients’ best interests in mind at all times. Sometimes, however, the interests of the financial advisor and the client can collide which may lead to disastrous financial results for the client. Many times, these investment losses are recoverable from the broker or the brokerage firm. The Financial Industry Regulatory Authority (FINRA) has developed an “out of court” arbitration process to allow investors to bring claims against their broker and brokerage firm. Arbitration is a binding dispute resolution program that generally resolves claims faster than traditional litigation through the court system. Generally, financial advisors, stock brokers, and their brokerage firms may be responsible for financial losses sustained by investors in the following situations.
If you need help settling a dispute with your stock broker, financial advisor or brokerage firm please contact one of our attorneys at 855.327.7529.