Trial Attorneys Fighting for a Safer Iowa
Protecting People Harmed Through Business Torts and Financial Fraud
Financial advisors are expected to be trusted professionals, making sound investment decisions and advising clients of the affiliated risks. Unfortunately, advisors don't always fully disclose the risks. In economic downturns this can leave investors unprepared for significant financial losses, wiping out retirement benefits plans, 401(k) accounts and IRA accounts.
At the law firm of Galligan & Reid, P.C., in Des Moines, we've been working for more than a quarter century to make Iowa safer. Through litigation, we hold financial advisors accountable for the harm they cause through negligence or intentional wrongdoing.
Contact our offices today to schedule a free consultation.
When Financial Advisors Downplay Risks, They Must Be Held Accountable
With the current state of the economy, almost everyone with any investments has lost money. Although some investments remain stronger than others, the overall drop in the stock market has left few investments unscathed.
Market fluctuations are to be expected; investments always come with risk. The fact that you have lost money does not mean that you have a viable legal claim against your advisor. However, the legal problems arise when advisors fail to recommend proper investments for an investor's timeline, fail to adequately disclose the risks of investments or engage in outright fraud.
To persuade potential investors to engage in such risky transactions, advisors may misrepresent the actual degree of risk involved. Alternatively, advisors may simply provide bad advice, motivated by personal financial interests rather than an interest in providing sound financial advice.
If you have suffered financial harm as the result of a financial advisor's neglect or intentional wrongdoing — we can effectively represent you. We will work diligently to help you obtain full and fair compensation for your financial injuries.
For a free consultation with a knowledgeable lawyer, contact our offices today. From offices in Des Moines, we serve clients throughout the state of Iowa.
