Investment losses can happen as a result of a changing market or as a result of improper behavior by your broker. If you believe your broker made inappropriate recommendations resulting in financial losses, a lawyer at Halling & Cayo, S.C. can help you in disputing high-risk investments. This often requires FINRA arbitration, a process we handle often.
When somebody comes to me and they've got investment losses in their account, it doesn't always mean that they have a claim. Sometimes it's the result of the market or things that change, but sometimes it's not. And so, when people come to us and want us to take a look at their account and find out what's there, what we're looking at is to see if the broker did anything in your account that wasn't proper. And usually this has to do with the term of art we use is called unsuitability, but really it has to do with whether or not the broker was making recommendations for your account that were appropriate for you.
You have a certain risk tolerance, you have a certain time horizon, when you want to retire, those types of things, and if they put you in too risky of investments, then you might have a claim to recover your investment losses. In order to do that, you would typically have to file an arbitration through FINRA.
When you signed up for your account, you likely signed an agreement, whether you realized it or not, that said if you have a dispute, you'll bring a FINRA arbitration rather than court. And so, if you want to recover your investment losses, that's the avenue you have to go through. We do those types of cases all of the time. You can come to us and have us take a look at your account, and we can see if you have a claim to recover those losses.