Have you suffered a significant financial loss in connection with your stocks or investments? Contact us, the Securities Fraud Lawyers, right now for a free, confidential case study. What would it hurt? We don’t get paid unless you do. We handle claims not only in the Tampa Bay Area but throughout the nation!
We specialize in representing investors who suffered financial losses at the hands of their broker or financial adviser. Don’t be fooled. Especially in this recent climate with the pandemic and COVID-19 (or Coronavirus), your financial professional will likely attribute the entirety of your stock or investment loss to the “unprecedented crisis.” It’s the easy thing to do and designed to deflect the blame. Is it true, however? Let our experience investment fraud attorneys take a confidential look at your investment records and we can identify issues hidden in the details by your broker.
For example, did your financial professional recommend suitable investments for your stated goals? If not, your loss or damages due to the pandemic might have been even GREATER because you had riskier, unsuitable investments. If you are retired, for instance, you might have wanted more stable, conservative investments as opposed to when you are younger, working, and willing to take on more risk. While you might have still suffered losses because of the overall market response to the “Great Cessation,” the losses might have been much SMALLER had you been recommended less risky investments, like bonds for example. We can help make that determination.
Another issue: Did your financial professional place or concentrate all of your investment “eggs” in “one basket?” In the industry, there is are terms or concepts called diversification and concentration. Diversification is where you should put some money in a number of different investments, likely spread across industries or types (e.g., bonds). This way, if one particular investment falls harder than expected, the other investments will help buoy or protect the value of your overall portfolio. Otherwise, your portfolio might be too concentrated in one particular investment (like stock in hotels, restaurants, or cruises) and you took a huge, unfair hit in the market due to the coronavirus. So let us take a confidential look at your portfolio for free. We don’t get paid unless you do.
Before the coronavirus, the financial markets and economy were riding an all-time high. That means a lot of potentially bad activity was being masked by gains in your portfolio. Now that you have suffered a financial loss, we might be able to uncover issues like churning that depleted your account more than the pandemic did alone. Churning is where your broker or financial adviser conducts excessive trading in your investment account mainly to generate commissions for themselves. If we can identify that activity, we can recover those loss on your behalf.
If you suffered a financial loss due to a negligent broker, you probably don’t know where to start once you realize that you might have been wronged. Thankfully, securities fraud attorney Bert Savage and the attorneys at Savage Villoch Law know how to help investors in the Tampa Bay area and many other states and regions. As a former law professor, Mr. Savage has the talent, skills, and know-how to evaluate potential claims quickly and effectively. To see if we can help you, call 813-200-0013, or visit our contact page, to arrange for a complimentary consultation.