Imagine waking up one day to find your hard-earned savings, your nest egg, gone. That’s the nightmare scenario allegedly faced by clients of Peter Field, a licensed Investment Advisor in New Hampshire. These allegations are serious, and should not be taken lightly. This is not just a story about one man or one company. It’s a cautionary tale that underscores the importance of understanding investment fraud red flags and how to protect yourself.
What’s the Story?
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According to regulatory documents, Field is accused of borrowing money from clients, engaging in conflicts of interest, breaching fiduciary duty, making false entries on his ADV, failing to maintain the net worth requirement, and failing to have up-to-date investment advisory contracts in place. The sanctions imposed include cease and desist orders, civil and administrative penalties, monetary penalties, restitution, and suspension. Field was summarily suspended pending a hearing.
Why Should You Care?
Investment fraud is not a victimless crime. It can wipe out life savings, destroy families, and shatter dreams. This case serves as a stark reminder of the importance of vigilance and due diligence when entrusting your money to others.
Who’s Investigating?
The law firm of Haselkorn & Thibaut is investigating the allegations against Field and his company. With over 50 years of experience in investment fraud cases and a 98% success rate, they have the expertise to help clients navigate the complex world of investment fraud.
How Can You Benefit?
Knowledge is power. By understanding the red flags of investment fraud, you can protect yourself and your hard-earned money. Here are a few key things to watch out for:
- Advisors borrowing money from clients
- Conflicts of interest
- Breach of fiduciary duty
- False entries on ADVs
- Failure to maintain net worth requirements
- Outdated investment advisory contracts
If you believe you have been a victim of investment fraud, don’t hesitate to reach out to Haselkorn & Thibaut for a free consultation at 1-800-856-3352. Remember, they operate on a “No Recovery, No Fee” policy.
What’s Next?
Investors who have suffered losses due to alleged misconduct may have recourse through FINRA Arbitration. This process can help investors recover losses. Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, can guide you through this process.
Remember, investment fraud is a serious matter. Always remain vigilant, understand the red flags, and don’t be afraid to seek help if you believe you’ve been a victim.
