One of the most common types of stockbroker misconduct is investing client funds in unsuitable stocks or mutual funds. If you believe that you have suffered investment losses because your broker made unsuitable recommendations, our lawyers offer a free consultation to review your case and discuss your options.
At The Willeford Law Firm in New Orleans, Louisiana, our lawyers devote substantial time, energy and resources to helping clients recover investment losses due to unsuitable investments. We represent investors across the United States as well as international investors who are protected under U.S. law. We have recovered millions of dollars in losses for our clients.
What Is Suitability?
When your stockbroker recommends that you buy or sell a particular stock, mutual fund or other security, he or she must have a reasonable basis for believing that the investment is suitable for you. Your broker must consider:
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Your tolerance for risk
- Your income and net worth
- Your financial needs
- Your investment objectives
- Your other security holdings
For example, if you are a retiree, volatile stocks and bonds may not be appropriate for your age, income needs and situation in life.
Suitability Review
Our lawyers will conduct a preliminary review of your investment account for stockbroker violations of the suitability rule. There is no fee for this preliminary account review. We accept select suitability claims on a contingency fee basis.
Mutual Fund Fraud Attorneys Serving Lafayette and New Orleans
Please contact our New Orleans unsuitable stock investment attorneys today for a free consultation. We are available to discuss your complex situation at 504-322-1488 or toll free at 877-281-4789. Hablamos español. We also provide interpreters for other languages, as needed.
