What Makes Unsuitability Claims Suitable for Settlement in Ohio?
Your broker wholeheartedly recommended an investment for you. As he went on and on about the potential benefits of the investment, he never stopped to ask you about your financial situation or about your investment goals. Your broker may not have taken the time to determine if this investment he so enthusiastically recommended was suitable for you. As a result, you may have lost money that you couldn’t afford to lose when the investment did not perform as expected. Now, you and your Cleveland stockbroker fraud attorney want to settle your case and recover your money. Is it possible?How to Settle an Unsuitability Claim in Ohio
If you believe that you have lost money due to an unsuitable investment recommended by your broker, then you will have to prove your case in order to recover damages. Generally, you will have to prove that:
- A transaction occurred.
- The details of your financial situation at the time the investment was made did not support the suitability of the investment for you.
- Your risk tolerance and personal situation were not a match for the particular investment when it was made.
- You lost money as a result of the transaction.
When to Contact a Cleveland Stockbroker Fraud Attorney
An experienced Cleveland investment fraud attorney can help you resolve your case. It is important to contact a lawyer as soon as possible after your discover a problem, so that your lawyer can gather the necessary evidence and get started on your potential recovery.
For more information about how an Ohio stockbroker fraud attorney may be able to help you with an unsuitability claim, please read our FREE book Five Signs of Investment Fraud... And What to Do if it's Happened to You, and please call one of our experienced Ohio stockbroker fraud lawyers at 614-224-6000 or toll-free at 1-866-827-6537.