Your investments may be a major source of income for you and your family. Thousands of dollars, or even more, could be lost when you lose on your investments. Worse, you may have lost that money because your stockbroker or the brokerage firm was more concerned with their needs than yours.
A lot of people don’t realize you have options when it comes to investment loss, and I’m here to share those options. Sure, it’s scary to go toe-to-toe with a big company or a broker who’s been through this before, but you have opportunities to fight back with an investment loss lawyer.
When You Can Sue for Investment Losses
When you’re dealing with stocks and investments, one of the most important considerations in the process is what is in your best interests. These firms and stockbrokers shouldn’t act on their own interests—they should work to protect yours.
You have a chance to sue when they fail to protect you from investment loss. This is also known as a breach of fair dealing, which means the broker must act in your interests, not their own.
So, what counts as unfair practices? Below are just a few possibilities, so talk to your investment loss lawyer if you’re concerned your stockbroker may be taking advantage of you:
- Failure to supervise your investments
- Unauthorized trading
- Failure to diversify
FINRA Arbitration and Your Claim
In practice, this means you may be able to seek arbitration through the Financial Industry Regulatory Authority, or FINRA. This institution is meant to help investors like you get their finances back in order when a stockbroker hurts their funds.
A lawyer can help you get started by filing a complaint. Here, you’ll explain what happened and why you need coverage after the stockbroker’s actions. From there, FINRA will set up a hearing with arbiters. They will review your claim and judge it as impartially as possible.
This hearing will usually take less time than going to court, but you and your lawyer will have a chance to present evidence, including witnesses, for your claim.
Getting Compensated for Investment Losses
If you’re not familiar with your options after an investment loss, there’s a chance you could lose money you should have received. What many people don’t realize, though, is that they have legal grounds to file a claim against their broker or brokerage firm.
The good news is, you don’t have to accept the losses and move on from them. You can work with an attorney and seek out compensation that covers these losses. All you have to do is reach out to an investment lawyer to get guidance on getting funds returned for your investment losses.