Most cases involving brokerage firms involve the suitability of the recommendations that gave rise to the investments at issue. The securities industry has a “suitability rule” which essentially states that when a broker makes an investment recommendation, that recommendation must be consistent with a particular investor’s financial circumstances and needs. Therefore, each case is assessed on its unique facts.
In some cases, the safety, suitability, and/or risks of an investment may have been misrepresented. These types of cases may result in claims of securities fraud and/or common law fraud. They may also result in claims that the broker or investment advisor negligently misrepresented an investment.
Yet other cases may arise from a theory that the broker or investment advisor breached a fiduciary duty. Each case has its own unique facts. We can look at your situation in detail in order to let you know whether you have a meritorious claim and, if so, which legal theories might apply to your situation.