Representing Investors and Investment Advisors in NYC
An investment advisor is a professional who renders investment advice to individual investors for a fee. Investment advisors generally have discretion over client accounts to invest without approval from the client for trades and, as a result, have a fiduciary duty to act in the best interest of their clients.
At Lax & Neville LLP, we represent individual investors who have been defrauded by investment advisors and who have suffered financial losses as a result of fraud or negligent advising. We also represent investment advisors who have been sued by their investors.
Our law firm has extensive experience in representing investors who have been harmed by investment advisor misconduct, including negligence and stock manipulation. Contact us today for a free initial consultation.
Handling Breach of Fiduciary Duty Claims in New York
Our law firm offers a strategic approach when representing investors with breach of fiduciary duty concerns. We also advocate for investment advisors wrongfully accused of violating their legal and ethical duty to their clients.
Our firm's employment law attorneys offer a comprehensive background to effectively secure our clients' best interests in allegations over breach of fiduciary duty and investment advisory misconduct, including:
- Failure to diversify: Failing to sufficiently diversify a client's account among asset classes and inside asset classes to meet a client's objectives and risk tolerances and to control risk and avoid excessive loss.
- Misrepresentation and omissions: Misrepresenting or omitting the characteristics of certain investments or overall account characteristics (such as risk profile) to the clients.
- Suitability: Recommending investments or overall accounts that are not suitable for a particular client's objectives, needs and risk tolerances taking into account the client's age, family situation, and financial assets.
- Stock manipulation: Manipulating stock prices for personal or corporate gain in violation of state and federal law.
- Variable annuities fraud: Including recommending unsuitable annuities to increase the broker's commissions, not completely explaining the long-term investment characteristics of annuities, or failing to completely advise investors about the associated risks.
- Criminal or fraudulent activity: Including investments or trades made away from the firm that the advisor is employed with, theft, forgery, or embezzlement.
- Negligence: Failing to meet the proper standard of care with regard to the account.
Investment Advisor Misconduct and Arbitration Agreements
In many investment advisory cases, clients have signed arbitration agreements that require private arbitration, frequently at the American Arbitration Association (AAA). The partners of Lax & Neville LLP, have litigated and achieved millions of dollars of recovery for clients at AAA arbitrations.
Put Our Skills To Work For You
Contact Lax & Neville LLP, for a free initial consultation with an experienced securities and employment litigation lawyer. We are committed to serving clients nationwide in securities, employment and investment law. Our firm is located on the corner of 41st Street & Broadway, New York, NY.