A Columbus Investment Fraud Attorney Explains Unsuitability Claims in a Turbulent Stock Market

Little good can be said of the turbulent stock market of recent weeks. However, as the numbers on Wall Street plummet, investors may pay more attention to their investments because they fear losing money. That increased scrutiny may put investment advisors, and the suitability of their recommended investments, under the microscope.

Upon closer examination, what's seen by investors may not be pretty. Some investors may discover that the investments recommended by their financial advisors were not suitable, and that their financial harm could've, and should've, been avoided.

Unsuitability Claims in a Down Market

In order to determine whether your financial loss is due to the down economy or a financial advisor's misconduct, it is important to understand when you might have an unsuitability claim. Generally, you may have an unsuitability claim if:

• The broker had a duty to recommend a suitable investment to you. If the broker was providing financial advice or recommending certain investments, then the broker has a responsibility to make sure that the investment is generally suitable (by understanding exact terms and risks of the product) and specifically suitable (by understanding your investment goals, risk tolerance, income and assets).
• The broker breached that duty by recommending an unsuitable investment.
• You lost money as a result of the broker's breach of fiduciary duty and recommendation of an unsuitable investment.

Contact a Columbus Investment Fraud Attorney if You Have Suffered a Loss Due to an Unsuitable Investment

If your investment was, in fact, suitable for you and your investment advisor has done nothing wrong, then you may have no recovery due to losses incurred in the stock market. However, if the investment was unsuitable, then you may have a recovery. It is important to contact a Columbus investment fraud lawyer today to discuss your potential claim.

To learn more about your rights, please contact an Ohio investment fraud lawyer with the law firm of Meyer Wilson. Our experienced Ohio investment fraud attorneys regularly represent individual and class-action investors in stockbroker mediation, arbitration, and litigation claims.

To find out more about whether you may have an unsuitability case, please contact us for a free and confidential consultation. We welcome your call at 614.224.6000 or 866.827.637, and we invite you to read our FREE e-book: Five Signs of Investment Fraud ...and What to Do if it's Happened to You.