No Recovery, No Fee

424-835-5733 | 310-525-3516

You may have lost money in your investment portfolio,
due to mismanagement and not even know it.

Whose fault is it when your investments fail?

To say you are having a bad day is putting it mildly. Your investments have gone south, and you are running the gamut of emotions -- dread, disappointment, frustration, anger. Maybe you were counting on these investments to carry you through retirement, or you had plans to take a trip or start a business with your gains. Maybe you just lost your life's savings.

Your first impulse is to blame your broker. After all, you trusted this person with your money, and instead of reaping the profits, you have to start over. While it may seem logical to accuse your broker of wrongdoing, the first step may be to examine your role in your investments.

You play a vital part in your investments

Naturally, your broker is the expert here, and you expected that he or she knew what to do to provide you with the best chances of a healthy reward for your investment. However, not all investment loss is the result of scandal. Financial advisors urge California investors to take an active role in their ventures instead of blindly handing their money to a broker. For example, some of the basic precautions you may have taken before investing with a broker include the following:

  • Check your broker's references.
  • Don't sign until you've read everything carefully.
  • Research potential investments.
  • Ask questions about anything you don't understand.
  • Be wary of opportunities that seem too good to be true.

These actions are not only important, but some advisors consider them an obligation for sound and intelligent investing. Simply because your broker is the expert doesn't necessarily mean you can let down your guard and relinquish your duty to participate in the process of protecting your investments. The goal is for you and your broker to work as a team to help you reach your financial goals.

Dealing with broker betrayal

Nevertheless, if you did your due diligence, kept your expectations realistic and still lost your money, you may believe your broker acted negligently or even fraudulently. In such cases, you may determine that your best course of action is to try to recover your losses through legal action.

Because you are likely facing opponents who are ready to fiercely defend themselves, you will certainly want to make sure you have a strong and determined advocate in your corner. Undoubtedly, you will have a decided advantage if your attorney has experience in securities and investment fraud.

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The Law Offices of Marc I. Zussman
433 N. Camden Drive
Suite 730 
Beverly Hills, CA 90210       
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