Hello. I’m attorney Robert Port, and I represent people who have been harmed by the misconduct of their financial advisor, stockbroker, or insurance agent.
While every case is different, there are a number of warning signs or red flags that indicate you or a loved one might be a victim of improper sales practices, financial wrongdoing, or even fraud.
These unscrupulous advisors often target small investors, retires and unsophisticated people with most of their savings in their IRA retirement accounts. And the misconduct often goes unnoticed until they die or become disabled, and an executor or guardian gets involved.
In this, and subsequent videos, we’ll discuss the most common of these abuses and how you can spot them, avoid them or obtain restitution for losses if you were sold inappropriate financial products. Trouble signs that we’ll discuss include:
Did your broker take the time to learn about you and your future needs and risk tolerance? Have you ever needed to withdraw money from an investment and been told it would be subject to large, unexpected penalties? Does your retirement savings fluctuate up and down more than the stock market does? Is your money invested only in a few stocks, or only in the stocks of a particular industry? Is there lots of buying and selling in your account, and does your broker earn a commission on each transaction?
If any of these experiences sound like yours, you may be a victim of stockbroker or insurance agent misconduct or financial fraud. Not every loss is evidence of a problem. But many times, a stockbroker, financial advisor or insurance agent has sold someone an investment, annuity or life insurance that is completely unsuitable for them. When that happens, the investor is subject to more risk than is appropriate for them, and as a result, often experiences devastating losses.
If you believe you have been a victim of investment misconduct or fraud, please contact me to see if there might be a remedy.