Broker Misrepresentation

Los Angeles Broker Misrepresentation Attorney

Serving Clients Throughout the State of California

According to the policies outlined by the Securities and Exchange Commission (SEC), all stockbrokers, brokerage firms, and investment advisors must provide clients with appropriate financial advice when it comes to their stocks and investments. When investment professionals misrepresent material facts, or fail to disclose information about material facts, they can be held liable for any losses their clients incur.

This means that if a client experiences stock or investment losses due to misrepresentation of facts by their investment advisor, the client can take legal action to recover their losses by filing a lawsuit against their investment advisor.

Often times, a stockbroker, brokerage firm, or investment advisor may misrepresent material facts by omitting information or by not disclosing risks that may be associated with an investment option to the client. In both instances, the investment professional can be held liable if the client experiences losses because the professional failed to give the client fair advice, which is a clear violation of SEC policies.

Contact us online or call (818) 760-9880 to speak with a Los Angeles broker misrepresentation attorney at the Law Offices of Jonathan W. Evans & Associates. 

How to Prove Broker Misrepresentation

In order to prove broker misrepresentation, you must be able to prove you suffered losses because you relied on information provided by your broker that they knew or should have known was not true. Your broker intentionally and carelessly omitted or misrepresented the facts and you suffered losses as a direct result of those actions.

In the lawsuit, direct and indirect evidence may be used. An example of direct evidence is statements in a prospectus. If you can prove that an investment decision was made based on those statements, it is proof of reliance on the broker’s facts. If the broker omitted information, there is no need to prove reliance.

What Are My Options?

After a client has suffered stock or investment losses due to broker misrepresentation, it is always advisable that the person seek legal counsel from a skilled securities attorney. In some cases, the person may be able to recover their losses by filing a lawsuit against their investment advisor if broker misrepresentation can be proven.

The best way to fight broker misrepresentation is by working with a reputable attorney who can protect your best interests and ensure maximum recovery of your losses.

Call Our Los Angeles Securities Attorney (818) 760-9880

The Law Offices of Jonathan W. Evans & Associates is a California based law office assisting clients nationally and worldwide with securities matters. If you have questions regarding possible broker misrepresentation, Attorney Jonathan W. Evans can help you. Attorney Evans has significant securities litigation experience and is extremely knowledgeable in this complex area of law. By working our Los Angeles securities lawyer, clients can contest their illegitimate losses and ensure that their finances remain secure! Call (818) 760-9880 for a case evaluation.

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