The coronavirus (a.k.a. the Chinese Virus/ Chinese Flu) is clearly affecting the stock market in a very negative way. However, once the market dropped during the first week or so, your financial advisor was supposed to contact you and make recommendations to protect your portfolio.
- Did your financial advisor recommend stop orders?
- Did they have a specific exit strategy?
- Did they have a hedge in place?
- Did they purchase a “bear fund” to protect your downside risk?
- Did they eliminate your margin if you had any?
- Did a Supervisor call you?
If you answered “No” to any one of these questions you may be able to collect your losses from your broker and/or brokerage firm.
There is no way you should accept that your advisor collected hefty fee based on a percentage of your portfolio for years as the market went up – but when the market dropped they failed to protect your assets.
Call us immediately for a free case evaluation. Time is of the essence.
You also should be seeking a new financial advisor to guide you on what to do from this point forward with whatever money you have left.
We handle these cases on a contingency fee. If we do not recover money for you, you do not pay any attorney fees. Costs, if any, are additional.
Call us immediately at 1-877-STOCK LAW (1-877-786-2552) for a free case evaluation. Time is of the essence.
If we don’t win, you don’t pay!!