Financial Advisor Breach of Fiduciary Duty Attorney Denver and Seattle

Описание: The natural question that arises when most people hear of a claim for breach of fiduciary duty is:

What is a fiduciary duty?

A fiduciary duty is a legal duty to act solely in another party’s best interest. A fiduciary duty is created when one person in a relationship is placed in an elevated position of trust. Some examples of acting in a fiduciary capacity are a: Trustee; a Power of Attorney; a Personal Representative; a Guardian; Or Conservator.

The relationship between a financial advisor and his/her clients can often times be categorized as a fiduciary relationship. Most investors rely heavily on the advice of the financial representative and further, rely upon their brokerage firm to ensure that these individuals are qualified to render assistance in making and managing their investments.

A breach of fiduciary can arise from many different acts committed by a financial advisor or a Brokerage Firm, such as a financial representative’s failure to adequately monitor investment accounts, recommending imprudent or fraudulent investments, self dealing (such as, purchasing investments that benefit the representative, not the investor), failing to properly advise the client about the nature of an investment, failing to keep investors apprised of changes to their investments, or making misrepresentations or untrue statements about investments.

All investments carry a risk that investment principal can be lost, but the losses should not be created by the actions of the person you trust to manage your portfolio. When this happens, the broker should bear the risk of loss, not the investor.

Israels & Neuman PLC has knowledgeable securities attorneys that represent investors who have suffered losses due to the actions of brokers, financial representatives, and broker dealers. We represent investors in FINRA arbitration proceedings in all 50 states. All of our cases are taken on a contingency fee basis, meaning that you do not pay unless we recover for you.

If you have lost money due to the actions of your financial advisor, call us today for a free consultation.

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