Call Our California Investment Fraud Attorneys – (310) 220-0988
In the financial world, investment advisors owe their clients a fiduciary
duty. This means that when providing advice and investment recommendations,
advisors must put the client’s interests first. Abiding by this
duty requires investment advisors to look at several factors, including
their client’s age, other investments, financial situation and needs,
employment status, tax status, investment objectives, investment experience,
investment time horizon, and risk tolerance. If an investment is unsuitable
for the investor and an advisor recommends it anyway, it could lead to
substantial losses for the investor.
At Baldwin Mader Law Group, our team of California
investment fraud attorneys can hold negligent and unscrupulous financial advisors
accountable for their actions. We have over 60 years of combined experience
and have helped thousands of investment fraud victims recover millions
of dollars. If you have suffered losses as a result of unsuitable investments,
we may be able to help you get your money back.
Investment advisors who recommend unsuitable investments also may be liable
under a theory of negligence, if their recommendation was a result of
lack of due diligence. In other words, if an investment advisor doesn’t
do their homework, they may be at fault as much as an advisor who purposely
recommends a risky investment.
As a layer of protection, fiduciary duty requires investment advisors to
provide up-front disclosures to their clients before any contracts are
signed. These disclosures feature many important topics, such as an advisor’s
qualifications, services provided, methods of analysis, record of any
disciplinary actions and possible conflicts of interest. This information
places an investor in a better position to make an informed decision.
Investing is plagued with conflicts of interest, obscure disclosure, and
lack of transparency. If you or someone you know has been the victim of
investment fraud, please contact our California investment fraud attorneys
immediately. At Baldwin Mader Law Group, we can provide a thorough evaluation
of your case, give you an open and honest assessment, and deliver a recommendation
about how to proceed. Our firm is dedicated to helping you recover the
losses you may have suffered as a result of unsuitable investments.
Call (310) 220-0988 or
contact us online
for a complimentary case evaluation. We have offices in Los Angeles, San
Francisco, and Palm Springs.