Broker & Financial Advisor Misconduct
Disreputable investment advisors harm clients in a variety
of ways. Dozier Law Group helps investors recover substantial
losses due to fraud, misrepresentation, account churning and
other types of broker misconduct.
Annuity abuses - As
a financial product, annuities are not suitable for everyone.
Individuals can lose access to assets for years while an annuity
matures. However, financial advisors and banks sell these
investments to senior citizens under circumstances that are
clearly inappropriate. For example, an annuity holder may
die long before receiving the monthly payments they were promised
as part of the sales presentation.
- Collateralized Mortgage
Obligations (CMOs) are a form of mortgage-backed securities.
CMO investments are divided into "tranches" or sections
of varying risk. Brokers who advise investors to purchase
low tranche (high risk) CMOs have lost millions for their
are highly leveraged bets on individual movements on securities.
Often brokers fail to disclose just how risky options really
are. In some cases, as in the selling of "naked puts,"
the downside risk is unlimited. Multi-million dollar portfolios
have been wiped out due to options trading.
Failure to prepare
a client for retirement - Investments that appropriate
for a 30 year old may be very inappropriate for a retiree
or someone about to retire. People have different risk tolerances
at various points in their lives. Failure to reallocate assets
as someone ages and prepares for retirement is a type of broker
misconduct. As you approach retirement, one’s portfolio
should be less heavily invested in stocks, which involve higher
risk and volatility, and more invested in fixed income investments,
which involve less risk and volatility.
To learn more about these and other types of financial fraud,
contact Dozier Law Group. If you or a member of your family
has lost more than $100,000 due to incompetence or fraud by
a financial advisor, call attorney Brad Dozier at (404) 949-5600
for an initial consultation and case evaluation.
& Securities Law | Types
of Investment Fraud
& Financial Advisor Misconduct
Dozier Law Group represents clients in and around the Atlanta
metro area, including Alpharetta, Fairburn, Roswell, Sandy
Springs, Decatur, Lithonia, Druid Hills, Dunwoody, Tucker,
Marietta, Smyrna, Vinings, Duluth, Acworth, Fayetteville,
Marietta, Kennesaw, Lawrenceville, Norcross, Chamblee, Snellville,
Woodstock, Gainesville, Morrow, Carrollton, College Park,
Peachtree City, Riverdale, Newnan, Conyers, Covington, Canton,
Milton, John's Creek, Stockbridge, McDonough, Douglasville and other cities throughout the state of Georgia.