QUESTION
If my financial adviser neglected to handle my investments properly, what is his professional responsibility?
Asked on Jun 11th, 2014 on Labor and Employment - Georgia
More details to this question:
My financial adviser was told to sell a Real Estate Investment Trust that I own for a tender offer of $11 a share. Paper work had to be sent in by a certain date. This was overlooked or forgotten, bust was sold after the drop dead date for a substantial loss difference. Is he obligated to pay me the difference?
2 ANSWERS
Ask the financial advisor if he has insurance coverage for errors and/or call an attorney in the finance area who can review your situation.
Answered on Jun 13th, 2014 at 7:09 PM
I am unable to answer this question without reading the contract between you and the broker. There is likely a clause that limits liability.
Answered on Jun 13th, 2014 at 6:38 PM