Funds

Most investors own at least one Fund, which is short for mutual fund or closed end funds. Investors routinely own Funds in brokerage accounts and 401k investments. There are countless Fund choices to select from. There are Funds that offer blends of stocks, bonds, or any combinations thereof. There are even Funds that track certain indices, sectors, different size companies, and countries to name a few. Although investors should be and are often provided with a prospectus for each Fund investment, most investors rely upon the advice of their investment professional when selecting Funds for investment. The investment professional must understand the underlying strategies, risks, features and costs of every Fund that is recommended to clients.

Unfortunately, most investment professionals fail to conduct adequate due diligence prior to making Fund recommendations. Rather than making individualized Fund recommendations to their investors, investment professionals often recommend the same Fund to many clients. Investment professionals also often fail to understand how the underlying investments of a certain Fund balance with the remainder of the investments that have been recommended. Furthermore, investment professionals often fail to understand and disclose how the operating fees and costs associated with a Fund will impact performance.  

Legal Help for Victims of Securities Fraud

If your investment professional is making wholesale recommendations of certain Funds, or has recommend Fund investments that do not meet your investment objectives or risk tolerance, you may have a claim for damages.  Gilman Law LLP is a leading securities fraud law firm and is here to help you recover damages.  For a FREE  evaluation of your case, please fill out our online form, or if you need to speak to an attorney right away CALL TOLL FREE (1-888-252-0048) today.