Short-Term Bond Fund Attorneys Based in New York
For most typical investors, investing in bonds seems like the safer choice as compared to other forms of investment. This is due to investors buying safe federal government and treasury bonds. However, some dishonest brokers might take advantage of this mindset to commit bond fraud. As people start to place their trust in brokers and the investments that they make, some dishonest stockbrokers and brokerage firms might recommend their customers to buy short-term bond funds. While it is true that a small percentage of these funds might turn out to be good investments, some may come with greater risks.
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How Do Short-Term Bond Fund Investors Get Tricked?
Many new investors and even some veteran investors might get tricked into buying these risky bond funds. This is because certain brokers might give these funds deceptive names such as short-term bond funds. To gain more revenue, these stockbrokers might convince many investors to take on these risks. It has been shown that millions of conservative investor and unsuspecting elderly citizens have been cheated by these bond fund scams and have lost a great deal of money. If you think that you have been a victim of bond fund fraud, you should most definitely hire a securities litigation attorney to help you file a claim to get compensated.
How the stockbrokers do this is by convincing investors that all bonds are safe and maintaining that these high-risk bond funds are investments. There have also been cases where stockbrokers and brokerage firms rate the funds with false AAA ratings. This can help them to earn commissions, albeit in a negligent manner. Some stockbrokers have even advised unknowing investors to unload their mortgage debt assets by placing them in the risky bond funds, without making this information known to them.
The Importance of Knowing Your Own Rights
In the situation that you have been duped by your brokerage firm, you can choose to file a claim to get compensated in your short-term bond fund case. This is if the investment that you made was not in line with your investment goals and needs. By hiring a competent attorney, you will be able to increase the chances of recouping your losses. If you would like to make a case against your stockbroker or brokerage firm, you should ensure that you are familiar with three main concepts, namely, breach of fiduciary duty, misrepresentations, and unsuitability. Note that both federal and local laws do not allow stockbrokers to mislead their clients in the process of convincing them to buy or sell assets. If you are confused with the legal jargon, you can seek the advice of your attorney as well.
Meet with Our New York Attorneys to Discuss Your Short-Term Bond Fund Case. We Serve Clients Nationwide.
In the unfortunate scenario that you suspect you have been misled by your stockbroker; you can always work with your securities litigation attorney to ask for financial compensation. Here at Weltz Law, we have been helping our clients in the United States with securities litigation and FINRA arbitration for more than two decades. Our attorneys are highly dedicated and passionate about helping our clients and will work tirelessly to ensure that you get the compensation that you deserve.
30+ Years of Collective Experience
Our attorneys have over 30 years of collective experience representing clients in all aspects of securities and commercial litigation.
Contingency Fees for Our Securities Law Clients
We will not receive a penny in attorney's fees unless a positive recovery is obtained in your case. Contact us to see if you're eligible.
We will assess the merits of your claims and help you decide on the next step.
Litigated Claims in Excess of $50 Million for Our Clients
Our firm is prepared to fight for you to seek maximum compensation.