When you invest money, you trust financial professionals to handle your affairs responsibly. This trust is based on something called a “fiduciary duty.” This means that these advisors must always put your best interests first. The term “fiduciary duty” is often discussed by lawyers who focus on financial matters. It involves both ethical and legal […]
Navigating the world of investments can be complex. It’s a realm where trust in financial professionals is paramount. Yet, not all stockbrokers uphold their fiduciary duty. Misconduct in this field can lead to significant financial losses for investors. This article delves into the topic of stockbroker misconduct claims. It aims to shed light on what […]
California Supreme Court and Appellate Court Cases California Supreme Court Cases Twomey v. Mitchum, Jones & Templeton, Inc. (1968) 262 Cal.App.2d 690Summary: This case established that a stockbroker owes a fiduciary duty to his customers. The court held that a broker, as an agent, owes a fiduciary duty of the utmost good faith and integrity […]
At Bakhtiari & Harrison, we understand that buying a financial advisor’s book of business is a significant investment that requires thorough due diligence. Ensuring the purchase is a good fit involves evaluating various client factors contributing to the advisor’s book of business. Here are vital aspects to consider: Review Client Files, Monthly Statements, Investment Objectives, […]
The Financial Industry Regulatory Authority (FINRA) Rule 2111 is a pivotal regulation designed to ensure that financial advisors recommend suitable investments to their clients. This article delves into the intricacies of Rule 2111, analyzing its implications for the securities industry, and providing a comprehensive overview for investors and professionals alike. Introduction to FINRA Rule 2111 […]