Close Menu
Free Consultation: 888-976-6111
Home > Case Types > Advisor Negligence

Advisor Negligence

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.

Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Nicholas Stovall: FINRA Bars Ex-Gradient Advisor

    Former Arden Hills, Minnesota financial advisor Nicholas Stovall (CRD# 5581487) was recently sanctioned and barred in connection with allegations that...

    Read More
  • Joseph Tranchina: FINRA Suspends Forte Financial Advisor

    Holmdel, New Jersey financial advisor Joseph Tranchina (CRD# 6085344) was recently sanctioned and suspended in connection with alleged rule violations....

    Read More
  • John Larsen: Raymond James Advisor Faces $3mm Complaint

    Scottsdale, Arizona financial advisor John Larsen (CRD# 2700922) recently received an investor complaint alleging that his trading resulted in seven-figure...

    Read More
  • Chris Polimeni: $1.6mm Complaint Against WIS Advisor

    Irvine, California financial advisor Chris Polimeni (CRD# 1643121) recently received an investor complaint alleging that he converted a customer’s assets....

    Read More
  • Previous
  • Next