Financial advisors have a professional duty to keep their clients’ best interest in mind. This is true when an advisor purchases any type of financial product on behalf of their client, including stocks, bonds, mutual funds, exchange traded funds (ETF), annuities, and real estate investment trusts (REITS). However, sometimes the financial advisors interest become at odds with the interest of the client. This is seen in cases where the financial advisor is provided significant incentive to sell a high risk product to their clients. These risky products may not be suitable for every client, including those whose goals are to preserve their wealth rather than grow it. Unfortunately, these high risk products can result in enormous losses to the investors who own them.
If you need help settling a dispute with your stock broker, financial advisor or brokerage firm please contact one of our FINRA attorneys at 855.327.7529.