If you are like millions of Americans who have experienced losses in your investment accounts in the past month, you may be asking yourself whether you can recover your investments losses associated with the Coronavirus? The answer is “yes,” you may have some options to recover your losses due to the Coronavirus.
Congress recently passed a $2 trillion stimulus/rescue package, and you may be wondering whether that trickles down to your investments accounts? The answer is “no,” it does not. Losses this past month have been massive, and if you have investments tied in any way to the price oil, those losses are likely more severe. As an investor, you really left on your own to pursue your investment losses. Whether or not you have a valid claim to recover your investment losses often has very little to do with the recent downward spiral in the market and a lot to do with how your accounts have been handled in the past.
- Were there unsuitable recommendations or strategies initiated years ago?
- Did my advisor consider my age, investment experience, tax status, liquidity needs, investment objectives, risk tolerance, time horizon and any other material information? What about any changes?
- Did I own too much of one security or types of securities?
- Did my advisor disclose all of the risks?
- Does the firm or financial advisor background or history include any red flags? Any issues with customer complaints, bankruptcy, tax lien, financial issues, or issues with regulators?
- Are the investment objectives and risk tolerance in line with my client profile? How often was my investment profiled reviewed by my advisor over the years? Did he/she fail to consider any changes, i.e. medical issues, loss of a spouse, loss o income, caring for aging relatives or loved one?
- Do I own “complex” or inherently risky investments: high yield (or junk) bonds, structured products, non-traded REITs or non-traded BDCs, Master Limited Partnerships (MLPs), Exchange-Traded Notes (ETNs), alternative investments, private placements, market-linked CDs and similar products.
- If I own the above, do I know I why or understand them?
The above is just the start as far as what we are investigating. Most of the investigation is focused on transactions and events that pre-date the recent market events by months or even years. The liability or wrongdoing was often there all along, but it’s only now more recently that there are apparent damages.
What Should You Do Next? Call 1-800-856-3352 Now for a Free Consultation
Take a look at the bullet-points above. Any concerns? Follow up on any gut feeling that something was not right – it’s simple, just call our office. We will do the hard work for you. Hopefully all was handled well and you are looking at market losses in an otherwise well-allocated and properly diversified portfolio. If not, we will identify the issues and immediately prepare a strategy to help you recover your investment losses.
Seek Compensation for Your Investment Losses
If you are an investor that has experienced investment losses (realized or unrealized) or you have questions regarding your investment accounts (or those of a friend, family member, loved one or a client) you should consider your potential options for recovering the investment losses.
This guest blog was provided by Haselkorn & Thibaut.
About Haselkorn & Thibaut, P.A.
Haselkorn and Thibaut, P.A. is a nationwide law firm specializing in handling investment fraud and securities arbitration cases. The two founding partners have 45 years of legal experience. As former financial advisors and former financial services defense lawyers, we have represented many of the largest Wall Street banks and brokerage firms, and we know what to look for in these cases.
Haselkorn & Thibaut, P.A. has filed numerous (private arbitration) customer disputes with the Financial Industry Regulatory Association (FINRA) for customers who have suffered investment losses relating to issues similar to those matters mentioned above. There are typically no depositions involved, and the arbitration claims are typically handled on contingency with no recovery, no fee terms.
The experienced attorneys at Haselkorn & Thibaut, P.A. are available for a free consultation as a public service. Call today for more information at 561-585-0000 or visit our website and email us from there at investmentfraudlawyers.com. Main Office: Palm Beach, Florida. Additional offices available for appointments on Park Avenue in New York City, in downtown Phoenix, Arizona, and in Cary, North Carolina.
