Working on Behalf of Savers, Investors and Retirees
A financial advisor is not just selling you shoes or encyclopedias. You are entrusting an individual to advise you about your money, perhaps even your life’s savings. Your financial advisor has the same duty to you as a doctor, or a lawyer. Their duty is to act only in your best interest. You have the right to trust your financial advisor. The vast majority of financial professionals understand their responsibility to you. However, with any profession, there are ‘bad apples’ who abuse their clients’ trust, and mismanage their money. If that has happened to you or to anybody you know, there may be a right to consider legal action. The Law Offices of Melinda Jane Steuer offers free consultations. You may contact us without obligation to learn more.
The issues we litigate on behalf of investors include:
Fraud/misrepresentation – When a financial advisor and/or company tells you something (verbally or in writing) that is not true, or fails to tell you something important that you need to know in order to make an informed decision.
Unsuitable investment advice – When a financial advisor recommends a decision or investment which is not appropriate for your age, income, financial situation, risk tolerance and/or goals.
Excessive trading (also known as “churning”) – When a financial advisor recommends a transaction or investment for their primary benefit, such as to obtain a commission, rather than for your benefit.