Mutual Fund Fraud Attorneys
Representing Clients Throughout Miami, Los Angeles, New York City and Nationwide
Most investors understand mutual funds to be highly diversified investment vehicles with a high level of safety. Often, mutual funds are considered a good choice for retirement investment portfolios for those seeking a high level of income while preserving assets. Investors are warned, this reputation is not necessarily well deserved.
Some mutual funds subject investors to enormous levels of risk — and some mutual fund companies and brokerage firm tell investors this. But some do not. Still, other brokerage firms misrepresent risky mutual funds as those that are safe.
Failing to Communicate the Risks of Mutual Funds
The securities fraud attorneys at Dimond Kaplan & Rothstein, P.A. (DKR) have represented a number of investors who lost money in mutual funds described to them as “an alternative to a money market account” (one of the safest investment vehicles available). Some of these mutual funds have lost 50%, 70%, and as much as 90% of their value.
DKR pursues unsuitable for their risk profile and without explaining the risks involved.
Understanding Mutual Fund Misrepresentation
- Did your broker misrepresent the high-risk nature of the mutual fund he or she proposed you purchase?
- Did your broker fail to disclose material facts that would have made these risks clear?
You may have a case. Contact a lawyer experienced in mutual fund fraud at our Miami or West Palm Beach law office for a free initial consultation. We represent investors in Florida and around the country in securities arbitration and dishonest brokerage firms, improper trading practices, and negligent stockbrokers. Our securities lawyers have recovered millions of dollars of clients’ investment losses in a wide variety of securities cases, including mutual funds cases involving Oppenheimer, Morgan Keegan, and Highland Floating Rate Advantage Fund.
Speak with an Experienced Attorney
If stockbroker or brokerage firm disclosure practices contributed to inappropriate investment losses in your account, contact an experienced securities fraud lawyer at Dimond, Kaplan & Rothstein, P.A. for a free initial consultation to review your rights and options.