When it comes to financial securities, at first it appears to be a simple operation – buy low, sell high. However, anyone who works in the field of securities knows that it is a lot more complicated than that and it really takes someone with experience to know how to profit from the stock market. Unfortunately, there are brokers out there who aim to take advantage of people who want to make money in securities, but don’t know how and rely on the brokers advice, believing they are being dealt with honestly. If you come to believe that your broker has been dishonest and that you are a victim of securities fraud, it is time to contact a securities lawyer in St. Petersburg, FL for help.
What Is Securities Fraud?
Securities fraud occurs when a broker advises the buying or selling of a security to a client with information that is either misleading, untrue, or when relevant facts are withheld. Under Florida laws, making a recommendation to buy or sell securities that are not suitable for a client is considered fraud under certain circumstances. If you feel that this has happened to you, a securities lawyer in St. Petersburg, FL can help you determine if you have been a fraud victim.
Can A Broker Guarantee Profits Or Against Losses?
The short answer is no. It is actually illegal for them to do so and if your broker guaranteed a profit and there was none, you definitely have reason to contact a securities lawyer in St. Petersburg, FL. The stock market never provides a guarantee of profit, no matter how experienced a broker might be. It is always a guessing game based on experience and knowledge of the market itself.
Hire A Broker Who Has Experience
If you are looking to invest in securities, stocks or bonds, hire a broker who has experience with a reputable firm. They should always assess your financial situation and make recommendations based on your financial ability to handle the risk of the securities they recommend. Going with a reputable firm can avoid the need for hiring a securities lawyer in St. Petersburg, FL. Always invest with care.
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