Breach of Fiduciary Duty?

The legal obligation that advisors act in the best interests of clients is known as a “fiduciary duty.” A claim for breach of fiduciary duty contends that the advisor’s actions were not careful or loyal to his or her client, and therefore, not in the client’s best interest.

Firms are required to research every security it offers to ensure that it is a sound investment and that it is suitable for the firm’s client base.  This is required to enable firms to maintain control of the products offered by their representatives and to properly supervise what products are being recommended to the firm’s clients.  Firms are required to supervise their advisors and can be held responsible for investor losses as a result of their failure to supervise when advisors breach their fiduciary duty to clients.

If you have suffered investment losses, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.  For a Free Consultation with a securities attorney, call Galvin Legal at 1-800-405-5117.