My investment company said my man who did my investing for me invested my money in an outside investment, do I need a lawyer?

Yes, you should certainly consult with an attorney who specializes in securities law. It appears that your financial advisor may have engaged in "selling away." Selling away occurs when a financial advisor engages in selling investments to others without the knowledge of his employer. On a an annual basis financial advsors have to provide their employers with information pertaining to any outside business interests they want to be engaged in. The employer has to approve the financial advisor's participation in the outside business before he/she can engage in it. Unfortunately, some financial advisors, for a variety of reasons, try to do other investment business without their employer's knowledge and supervision. If you have sustained losses from this type of actvity you may be able to recover them from the employer as well as the financial advisor. The fact that the employer in your case is conducting an investigation suggests that it was unaware of the financial advisor's outside investment activities. I am a securities lawyer practicing in Maryland and would be willing to give you a free consultation about this problem. You can call me at 410-875-5316.