California | Investment Law
Legal Question
About three years ago, I have given a financial advisor with Ameriprise, $100,000. He invested it in various funds, and in the first years the balance increased to about $118,000. When the recession started, I also started loosing money. I wrote him several times and I told him I do not want to see the account under $102,500. Finally the account went to about $85,000 and I decided to close the account to avoid further loses, and because I also needed the money. But I had significant loses.
Can I sue the financial advisor and/or Ameriprise Financial for losing my money, since he could have taken the money and put them in a CD or something else. Thank you.
Legal Answer
Did you keep copies of the correspondence that you sent to the broker-dealer? Can you scan and send them to me?
W. Andrew Harrell, Attorney at Law Suite 1108, 388 E. Ocean Blvd. Long Beach, CA 90802
► Other answers from this attorney
Legal Answer
IF you have evidence that they violated your specific instructions, and if you were not negligent yourself in failing to take action to stop the losses, and if you are still timely in taking action within the Statute of Limitations period, yes, you could bring such action. If serious about doing so, feel free to contact me.
Nelson & Lawless 18685 Main St., #175 Huntington Beach, CA 92648
► Other answers from this attorney
Legal Answer
Since your matter would have to be evaluated and we have several questions to ask, we suggest that you call our office to discuss it further.
We offer a no-charge consultation.
Mark A. Tepper P.A. 3109 Stirling Road Fort Lauderdale, FL 33312
► Other answers from this attorney
Legal Answer
Maybe. A financial advisor has certain duties. Also, did you give him instructions to sell? Send me an email and let me know.
Best,
Daniel Bakondi, Esq.
The Law Office of Daniel Bakondi, APLC
870 Market Street, SUite 1161
San Francisco CA 94102
danielbakondi@yahoo.com
415-450-0424
IMPORTANT NOTICE: This communication may contain confidential information, privileged information, or attorney work product. If you are not the intended recipient or received this message in error, any use or distribution of this message is strictly prohibited and unlawful. Please notify the sender immediately, and delete this message. No attorney-client nor confidential relationship is created through this communication. Nothing communicated or provided constitutes legal advice nor a legal opinion unless it so specifies and written agreement for attorney services has been entered into. Your issue may be time sensitive and may result in loss of rights if you do not act in time. Thank you.
The Law Office of Daniel Bakondi, APLC 870 Market Street, Suite 1161 San Francisco, CA 94102
► Other answers from this attorney

