Can I sue my financial advisor for his personal assets?
-Bummed in Birmingham
You can, but you need to be aware that there is some degree of risk involved. If your losses are large, there is a chance that your advisor may file for bankruptcy if he or she is unable to cover the losses from personal assets. If the advisor files for bankruptcy, you would get nothing in the end, and would still be responsible for the legal fees you accrued. We’d work with you to weigh the benefits and risks in order to decide if you should pursue legal action.
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