Miami Financial Adviser Fraud Attorney
Fraud occurs when a false statement or an omission of material fact is made by a financial advisory or the brokerage firm; it was known by the financial advisor to be false at the time the statement was made; the statement or omission was made for the purpose of inducing the customer to act in reliance thereon; the customer took action in reliance on correctness of the representation or omission; and resulting damage occurred.
Often times financial advisers intentionally make a false statement or omit a material fact in order to sell a customer a product and obtain a commission. For example, Carlson & Associates handled a case where a broker wrote to a customer about silver and said that recent events “will cause the price of silver to skyrocket.” The broker also said, “Don’t be a fool and watch this play out without making you a fortune.” These were fraudulent statements made with the intent to induce the client to buy silver on margin, ultimately resulting in the total loss of the entire investment. Contact our Miami financial adviser fraud attorneys for more information.
Carlson & Associates, P.A. has experience in handling cases involving financial adviser fraud, contact our Miami investment fraud attorneys today.
Contact our Miami Investment Fraud Attorneys
Carlson & Associates, P.A. has years of experience helping Miami clients with investment fraud, corporate & partnership disputes, officer liability and coverage & legal and accounting malpractice. Contact us online or call 305-372-9700 for more information or assistance.