7 years Ago, MarcWites
This article is the first in a series of postings that will address issues or “red flags” that may suggest that your broker or investment advisor may be legally responsible for losses in your investment portfolio.
Red Flag: You were pressured into making investments you did not really understand, and those investments have suffered drastic losses.
Here is the scenario: your investment advisor called and told you that she found out about a really great investment opportunity. She confides that she thinks she can get you in on the deal. As she describes the investment she uses unfamiliar terms, but assures you that the investment has “little risk” or is even “a sure thing.”
The investment world is chock full of sophisticated and complicated high-risk investment strategies which have leveled the portfolios of finance experts. Unless you truly understand the complexities of these transactions – and fully comprehend the potential risks and the extent of possible losses – you should not be lured into these high-risk transactions. In fact, no trustworthy broker would suggest, let alone encourage, your participation in these speculative investments.
There are countless versions of similar high-risk ventures involving everything from tangible commodities to foreign exchange funds. If, at your broker’s urging, you put money in an investment containing one of these or one of the following terms, but did not fully understand and agree to the nature of the investment or its risks, you may have a legal claim. Other terms that are red flags: futures, derivatives (including interest, foreign exchange (or “Forex”)), arbitrage, asset-based securitizations (including mortgage based securities), hedges or hedging transactions, and “swap” transactions or contracts.
While there is a place in the market for these types of high-risk, complicated investments, they should never be in the average person’s portfolio, particularly if they do not have a complete understanding about the particular asset’s risks and potential losses.
If you were lured into one of these investment strategies and suffered significant losses you should consider talking with and attorney with expertise related to your broker’s potential liability for your losses.
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