Investment fraud is a topic that continues to rear its ugly head, leaving countless individuals grappling with financial losses and a shattered trust in the financial industry. The latest allegation to hit the headlines involves a financial advisor named Michael Fisher from UBS Financial Services Inc. and Ameriprise Financial Services, LLC, with a pending customer dispute dating back to March 2010 through September 2012.
Unraveling the Allegation
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The claimants allege that Fisher engaged in unsuitable and unauthorized trading, resulting in significant principal losses. In simpler terms, they’re accusing him of making trades that weren’t in their best interest or without their permission, leading to a loss of their initial investment. This kind of behavior is a serious breach of trust and a glaring example of investment fraud.
These allegations are currently under investigation by Haselkorn & Thibaut, a national investment fraud law firm with a proven track record of helping investors recover their losses. They’re offering a free consultation to any clients who may have been affected by this case.
Spotting Investment Fraud Red Flags
Investment fraud is a serious issue that can have devastating financial consequences. Here are some red flags to watch out for:
- Unsolicited offers: Be wary of unsolicited investment offers, especially those that promise high returns with little to no risk.
- Pressure to buy: Scammers often try to pressure you into making an immediate decision.
- Unregistered products: Many fraudulent investment schemes involve unregistered securities.
- Overly consistent returns: Be suspicious of an investment that generates consistently positive returns regardless of market conditions.
How Haselkorn & Thibaut Can Help
Haselkorn & Thibaut is a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas. They have over 50 years of experience and a 98% success rate in recovering financial losses for investors. They also operate on a “No Recovery, No Fee” policy, meaning you won’t be charged unless they successfully recover your losses.
One of the ways they can help is through FINRA Arbitration, a dispute resolution process that can help investors recover losses due to investment fraud. If you’ve been a victim of investment fraud, don’t hesitate to reach out to them at 1-800-856-3352 for a free consultation.
Investment fraud is a serious matter, and allegations of such behavior need to be thoroughly investigated. With the expertise of firms like Haselkorn & Thibaut, victims of investment fraud have a fighting chance to recover their losses and hold those responsible accountable.
