Even honest, professional, and well-intentioned brokers and financial advisors sometimes make mistakes, and those mistakes often rise to the level of negligence. A broker may be found negligent in a situation where they did not commit willful misconduct, but nevertheless failed to take action or refrain from taking action to protect you against the risk of financial harm.
Your financial advisor or brokerage firm is required to exercise due care in managing your account. By way of example, failing to properly allocate your assets, or diversify your investments, or failing to carry out your order to buy or sell securities, may have subjected your portfolio to increased risk and caused otherwise preventable losses.
If you believe your financial advisor or brokerage firm was negligent in managing your account, get in touch to arrange a consultation.