Financial advisors are prohibited from making misrepresentations to investors. While not every misrepresentation gives rise to a claim, if you believe your financial advisor was not truthful with you regarding an investment and the investment has lost money, you should consult an attorney for an evaluation of your potential case.
Fraud includes failure to disclose in which your advisor failed to tell you important information about your investment. If knowing the information would have affected your investment decision, you may have a claim for fraud/misrepresentation. Sometimes it is difficult to know what you were not told. If you did not fully understand an investment that was recommended to you, or if your investment did not perform as you were told, you may have been a victim of securities fraud. A securities lawyer can investigate your investment and determine whether important information was withheld from you.
Ponzi schemes are another form of fraud. A chief attribute of Ponzi schemes is the use of money from new investors (or new investments from existing investors) to repay old investors as though the business is profitable, thus concealing the company’s true unprofitable condition. Unless uncovered sooner, Ponzi schemes eventually collapse when there is no longer sufficient “new money” to repay obligations to previous investors.
The investment and securities fraud attorneys at Moulton, Wilson & Arney, LLP have extensive experience representing individual investors in securities arbitration and litigation. Cindy Moulton, Mike Wilson and Lance Arney have successfully represented thousands of clients in securities and investment fraud cases, with combined claims of hundreds of millions of dollars.
If you have suffered an investment loss due to a Fraud or Misrepresentation, you may be entitled to recover all or part of your investment.