Moving Out of State With a Child Custody Agreement

Why You Need To Hire A Securities Attorney

by Layla Bryant

If you're heavily invested in the stock market as part of your retirement planning, you need to know that your investments are sound. In order to do that, you need to hire a competent investment broker. When you hire a broker, you expect them to have your best interest in mind. You also expect them to protect your portfolio. If your broker has made decisions that have undermined your financial stability, and put you at risk for significant losses, it's time to talk to a securities attorney. Here are just four of the reasons why a lawsuit against your broker might be in order.

Investments In Risky Ventures

If you're depending on your stock market portfolio for your retirement, you might not want to get too risky with your investments. That's where your broker is supposed to have your back. Your broker should know what you want, and avoid those risky investments, especially those that are so risky that even seasoned risk-takers would stay away from. If your broker has invested in risky ventures that have caused significant losses, it's time to talk to an attorney before you succumb to anymore losses.

Trades Made Without Authorization

When it comes to making investments, your broker should always keep you in the loop. This is particularly true if you haven't signed any paperwork giving your broker permission to invest without prior authorization from you. If you've discovered that your broker has been making investments without your authorization, it's time to talk to an attorney. You may be making money from the unauthorized investments now, but that doesn't mean those payouts will continue. You need to seek legal remedy before your broker makes unauthorized investments that destroy your financial future.

Investments Were Misrepresented

If you've made investments based on your brokers recommendations, only to find that the information wasn't accurate, you need to sit down with an attorney. Before a broker proceeds with an investment, they have an obligation to give you all the information they have, including the potential risks. Failing to divulge potential risks or negative aspects about the investment could cause you to make a decision that will have lasting repercussions on your retirement account. If you've authorized investments based on faulty or inaccurate information, you may need to file a claim against your broker.

Loss Due to Missed Opportunity

When you hire a broker, you expect them to act in your best interest. That includes making investments in a timely manner. If you've experienced a potential loss due to a missed opportunity, you're going to need legal representation. This is especially important if your broker failed to make investments that you requested resulting in significant losses.

Resources like this site can guide you through the process of getting legal help from a securities attorney if you need it.