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Stock Market Losses Expose Bad Financial Advice & Conflicts of Interest
Most of the casualties of the sinking market are individual people who, through the advice of sometimes not-so-scrupulous stock brokers and financial advisors, lost much of their money, sometimes their entire life savings.
Stock Market Losses
The almost-daily financial crashes we witness expose the extremely risky nature of many different investments that many people, particularly elderly, should have never been advised to purchase. Numerous financial advisor firms sweet-talked unsuspecting clients, who more often than not have had hardly any investment experience and fully trusted what they thought was candid and objective advice, into pouring their hard-earned money into very risky investment vehicles. These investments usually took the form of mutual funds and variable annuities which, per brokers' and advisers' promises, were to produce massive returns while posing "hardly" any risk all. However, many of these mutual funds and variable annuities invested into very risky assets, many of which were primarily based on the now-crashing real estate.
The financial advisers and stock brokers, driven by their desires to earn commission from selling investment vehicles, usually failed to mention that higher returns always imply higher risk as well. While the property value and the stock market were steadily growing, most mutual funds produced handsome returns. But as the financial markets took the turn for the worst, people saw in horror their life savings lose much of their value, and, in some instances, completely disappear.
We believe that people who fully trusted their life savings to their financial advisers and then saw their investment wither away should not be left with nothing. We are here to help you get your money back from the wrongfully chosen risky investments. If you have a problem similar to the one described, please contact our office.
Stock Market Losses Legal HelpIf you or a loved one has suffered stock market losses as a result of bad financial advice, please click the link below to send your complaint to a lawyer to evaluate your claim at no cost or obligation.
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My mother lost approx. 60K of a 180K investment portfolio through her broker who made trades without her knowledge and also invested heavily in questionable equity stocks when he should have been protecting her income with fixed rate bonds
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