Misrepresentations and Omissions
It is the responsibility of the broker and the brokerage firm to make full and complete disclosure to investors of all material facts and risks that are inherent to the investments recommended. In the event that the firm or the broker misrepresents or omits material facts, they can be held responsible for compensatory damages for losses sustained by investors from that investment. Likewise, material misrepresentations or omissions to the investor regarding the risk associated with making a particular investment can lead to a finding that the firm and broker are responsible for compensatory damages or losses sustained.
There has been significant increases in the number of claims filed related to misrepresentations and omissions of material facts mirroring the number of investment vehicles that have been repackaged into complex opaque collateralized debt obligations (CDO), among other things.
To help us evaluate whether you can seek recovery for damages caused by "misrepresentations and/or omissions", click here or call us toll free at 1-800-259-9010.
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