A disciplinary action taken by the Financial Industry Regulatory Authority against former Dublin, Ohio broker and investment advisor Sam Aziz...Read More
Financial advisors and investment advisors owe a “duty of care” to their clients. This means that they must be reasonably careful when dealing with clients. Financial advisor negligence occurs when an advisor breaches this duty by doing (or not doing) something that a reasonably prudent financial advisor would do under similar circumstances.
Negligence can occur when an advisor recommends unsuitable investments or fails to diversify a portfolio. It can also occur when a financial advisor or brokerage firm fails to conduct adequate due diligence on an investment it recommends. Failure to perform ongoing monitoring of investments recommended to clients would also be considered negligence. In addition, a brokerage firm’s failure to supervise its financial advisors is also negligent behavior.
Under the law, when an investor suffers harm due to a financial advisor or brokerage firm’s negligence, the advisor can be held liable and the investor is entitled to recovery.
Please contact us for a free and confidential case evaluation if you believe that you are a victim of advisor negligence.