When a financial advisor or securities firm recommends an investment only because the advisor or firm will make larger fees, self-dealing may occur. A financial advisor cannot take advantage of his position by acting for his own interests and not for the interests of the investor. Certainly, advisors and others involved in recommending an investment are entitled and expected to make fees on the transaction. However, the size and nature of their fees should be disclosed to the investor. Especially with private placements and other non-traditional investments, promoters may have financial interests that are not adequately disclosed to investors or that create incentives that are contrary to the investors’ best interests.
The investment and securities fraud attorneys at Moulton & Arney, LLP have extensive experience representing individual investors in securities arbitration and litigation. Cindy Moulton and Lance Arney have successfully represented thousands of clients in securities and investment fraud cases, with combined claims of hundreds of millions of dollars.
If you have suffered an investment loss due to Self-Dealing, you may be entitled to recover all or part of your investment. To find out more about your potential claims against your broker/financial advisor, investment firm, or securities firm for Self-Dealing, please contact an experienced investment fraud attorney.