Dear John Chapman,

Dear John Chapman,

I have suffered a loss of over $200,000 from XX.

My advisor had me too heavily weighted in these individual bonds for my portfolio and for my age (70 years). I am retired, and this loss has caused me to have to change my lifestyle. My broker did not tell me these were risky at all and also told me they could not default, so they were safe. I wish to investigate a lawsuit to recover some of my losses.

-Lost Larry

Dear Lost,

Your broker has a responsibility to disclose any and all risks to you when recommending an investment so that you can make an informed decision. Failure to disclose this information may be grounds to hold that broker liable for losses suffered as a result of the misrepresentations and/or omissions. Furthermore, you may have a case of overconcentration or failure to diversify investments. Advisors and brokers have a duty to ensure that your investments are scattered between and within asset categories that make sense for your individual circumstances and your financial goals.

Sincerely,
John Chapman

John S. Chapman

If you have a question for John Chapman, please email it to
dearjohn@johnschapman.com

Dear John Chapman,

I have a broker that I am now realizing stole over $200/month from one of my accounts.

He claims it was a “management fee”, but I never authorized such a fee. Do I have a case against...

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Dear John Chapman,

Can I sue my financial advisor for his personal assets?

-Bummed in Birmingham...

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