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Investment Advisor/ Brokerage Negligence

Have you suffered unexpected investment losses? Has your broker churned your account, failed to follow your instructions, failed to diversify your portfolio, placed your funds in unsuitable investments or otherwise defrauded you?  Have you suffered serious losses to your portfolio because of this?

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Financial advisors and brokerages in Ontario are subject not only to securities law, but also heavy industry regulation. As a result, it may be possible to recover your investment losses if your advisor breached these duties.

If you have suffered serious losses to your investment portfolio, call Michael’s Law Firm at 647-495-8995 to speak with a malpractice lawyer in Toronto or Hamilton about your case.

There are no fees for phone consultations, and in many cases, unless I win or settle your case.

Frequently Asked Questions About Investment Loss Claims

In Ontario, investment advisor negligence occurs when an advisor fails to adhere to the professional standard of care expected of them, leading to financial losses for their client. This can include making unsuitable investments based on the client’s financial situation and risk tolerance, failing to diversify investments properly, not following client instructions, or not fully disclosing risks associated with certain investments. Negligence is determined by comparing the advisor’s actions to what a reasonably competent advisor would have done under similar circumstances.
If your investment advisor makes a decision that leads to financial loss, you have several rights under Ontario law. You have the right to a clear explanation of what happened and why, the right to file a complaint with the advisor’s regulatory body, and the right to seek compensation for your losses. This might involve filing a lawsuit for negligence or breach of contract, depending on the specifics of your case. It’s important to consult with a professional negligence lawyer who can advise you on the best course of action based on your situation.
Proving negligence on the part of an investment advisor or broker involves demonstrating that the advisor owed you a duty of care, breached that duty through their actions or omissions, and that this breach directly resulted in your financial loss. Essential to this process is documenting all communications with your advisor, including instructions you provided, recommendations they made, and any changes to your investment strategy. Expert testimony from other investment professionals may also be necessary to establish the standard of care and how your advisor’s actions deviated from this standard.
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