Investment professionals are required to conduct themselves with the utmost integrity and not allow their own interests to come before those of their clients. Unfortunately, securities fraud and breach of fiduciary duty continues to occur. If you have fallen victim to the schemes of unscrupulous stockbrokers, contact Levin, Papantonio, Thomas, Mitchell, Rafferty & Proctor, P.A. in Pensacola, Florida.
Investors place a great deal of trust in their stockbrokers or investment advisors whom they rely on for expertise in making investment decisions. Because of this, investment professionals are held to an extremely high standard of loyalty and care and must conduct themselves with the utmost good faith and integrity. Brokers and investment advisors have several obligations:
The level of loyalty and care owed by licensed financial professionals to their clients depends on the type of accounts held by the investors or the relationship between the parties. In a discretionary account, the broker can manage the customer's portfolio without obtaining explicit customer approval for each transaction. For a non-discretionary account, to avoid breach of fiduciary duty, the broker is required to:
If you believe your personal investment representative breached his or her fiduciary duty to you, and this breach resulted in losses in your account, the lawyers at Levin Papantonio Link to Firm Overview will provide a comprehensive and confidential investment advisor fraud evaluation with no obligation.
To discuss your legal problem, contact the firm online or via telephone at (888) 435-7001. To learn more about the law offices of Levin Papantonio, please visit the media center or view the firm's brochure or resume.
Wolves in Sheep’s Clothing The SEC has issued an update of a previous alert warning investors of scammers posing as SEC employees soliciting personal and financial information. In the warning, the SEC reminds the public that it does not allow financial solicitation offers, offer assistance in the sale or purchase of securities, or endorse money [...]