Investment losses can be frustrating, especially when they result from bad advice or misconduct by your financial advisor. If you’re wondering, “Can I sue my financial advisor over investment losses in Maryland?” the answer is yes—but only under certain circumstances. Let’s explore how you can protect your rights and recover your losses.

When Can You Sue Your Financial Advisor?

Not all investment losses are grounds for a lawsuit. Financial advisors don’t guarantee profits, and the market’s ups and downs are part of the risk. However, you may have a case if your losses result from:

1. Fraud or Misrepresentation
   Did your advisor provide false information or withhold critical details about an investment? If so, they could be liable.

2. Breach of Fiduciary Duty
   Advisors must act in your best interest. When they prioritize their gain over yours, they may breach their duty.

3. Unsuitable Recommendations
   Advisors must consider your financial goals and risk tolerance. If they pushed risky investments unsuitable for you, that’s a red flag.

4. Negligence
   If your advisor fails to conduct adequate research or overlooks key details, their negligence might have caused your losses.

If any of these situations sound familiar, it’s time to seek legal guidance.

The Role of a Securities Lawyer in Maryland

Navigating a lawsuit against a financial advisor can feel overwhelming. That’s where a securities lawyer steps in. These legal professionals specialize in investment disputes and can guide you through the arbitration or court process.

Here’s how they help:

• Evaluating Your Case: A securities lawyer will review your situation to determine whether you have valid claims.
• Gathering Evidence: From emails to account statements, they’ll collect the proof needed to support your claims.
• Filing a Complaint: Many cases go through FINRA arbitration instead of court. A lawyer ensures your claim meets all requirements.
• Representing You: Whether in arbitration or court, your lawyer will advocate for your best interests.

Hiring a skilled securities attorney increases your chances of recovering losses and holding your advisor accountable.

What to Expect in a Lawsuit Against a Financial Advisor

Lawsuits involving investment losses often go through arbitration rather than traditional court proceedings. The Financial Industry Regulatory Authority (FINRA) oversees most disputes between investors and financial advisors.

Here’s a snapshot of the process:

1. Filing a Statement of Claim
   You’ll outline your allegations, damages, and supporting evidence.

2. Responding to the Claim
   Your advisor or their firm will provide a written defense.

3. Arbitration Hearing
   Both sides present their case to a panel of arbitrators who decide the outcome.

4. Resolution
   The arbitrators issue a decision, and if they rule in your favor, you may receive compensation.

While this process might seem complex, having a knowledgeable securities lawyer by your side makes it much smoother.

Attorney Ben Akech: Your Advocate for Investment Disputes

When it comes to suing a financial advisor over investment losses in Maryland, experience matters. Attorney Ben Akech has extensive knowledge of securities law and has successfully represented small investors in disputes involving fraud, negligence, and unsuitable advice.

As a proud member of the Public Investors Advocate Bar Association (PIABA), Ben is dedicated to protecting investors like you. Whether through FINRA arbitration or court proceedings, he works tirelessly to achieve the best possible outcome for his clients.

Why Act Quickly?

If you’ve suffered investment losses, don’t wait too long to take action. Maryland, like other states, has time limits—called statutes of limitations—on filing claims. These limits vary based on the nature of your case, but acting promptly ensures you don’t miss your chance to recover damages.

Delays can also affect the availability of evidence, such as account records and communications with your advisor. The sooner you consult a lawyer, the stronger your case can be.

Protect Your Financial Future

If you’ve been asking yourself, “Can I sue my financial advisor over investment losses in Maryland?” the answer depends on the specifics of your situation. While not every loss warrants legal action, fraud, negligence, and unsuitable advice are clear grounds for a claim.

A securities lawyer, like Attorney Ben Akech, can guide you through the legal process, whether through arbitration or court. With the right support, you can hold your advisor accountable and take steps to rebuild your financial stability.

Don’t let misconduct go unchallenged. Take the first step by reaching out to a trusted securities lawyer today!

Call 301-244-0676 or use our Quick Contact Form to speak with Attorney Ben Akech.