Failure To Advise Dedicated to Delivering Results

New York Based Attorneys Representing Clients During Their ‘Failure to Advise’ Legal Cases

When a person engages the service of a broker, they put their full trust in the broker, expecting them to give sound and proper advice. Unfortunately, that is sometimes not the case. Although brokers have the duty to advise their investors about any advantages or risks regarding their margin trading decisions, they may sometimes fail to advise you properly. This may lead to many negative consequences, such as financial loss and emotional stress.

If your broker fails to advise you properly, you can seek legal recourse. Schedule your consultation with one of our experienced attorneys by calling (877) 905-7671 today.

What Is Failure to Advise?

Sometimes, a broker’s inability or unwillingness to provide their client with adequate information can result in unwise decisions made by the investor. This is known as failure to advise and can lead to huge consequences financially and emotionally. Brokers owe their client’s fiduciary interest. When a client engages a broker, the broker is expected to help the client understand what is going on. During their communication, the broker must ensure that the client understands the risks and obligations of margin trading, and that they are willing and can take the risks. However, when the broker does not sufficiently explain all the options available and chooses to withhold information or to give wrong information, they have failed to advise their client.

What Should the Client Do?

To get informed consent, a person should be aware of all relevant facts surrounding what they are consenting to. This means that without information, a person cannot give consent. Decisions can carry risks you were unaware of beforehand, especially in a securities litigation case. The broker’s job is to simplify and explain margin trading to clients in a way that they understand and advise them against taking part in margin trading if they do know get how it works. The unfortunate truth is that when people make decisions based on unsound advice given by brokers, it cannot be reversed. If damages result due to a broker’s failure to advise, the client can sue the broker for damages.

Determining liability for failure to advise cases can be complicated and difficult. As such, the client should approach an experienced securities lawyer if they are convinced that the broker has intentionally withheld information or given them the wrong information to get them to participate in margin trading.

Meet an Experienced Attorney to Discuss Your Failure to Advise Case. We Represent Clients Nationwide.

If you have engaged the services of a broker to seek their advice on trading, but they have failed to advise you properly, you should meet with a securities litigation attorney to talk about your case. Here at Weltz Law, our team of attorneys have been assisting many in their cases for more than 25 years. Our attorneys will represent you and fight hard for your best interests.

If you are keen on meeting an attorney, you can reach Weltz Law at (877) 905-7671 or schedule a meeting with us via our online form.


Experienced & Effective
  • 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.

  • Free Consultations

    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.


Word From Former Clients
    Calmly walked me through the process.

    “Due to his hard work, the hearing lasted less than 30 minutes with the judge dismissing the complaint.”

    - L.K.
    Successfully represented me in a number of matters

    “Attentive to every aspect of my matters, always available to speak with me, gave me great advice and fought hard for me every step of the way.”

    - I.S.
    Truly terrific in every way.

    “He cared, he was responsive, and he guided me through a difficult time with compassion and expertise.”

    - F.S.
    I could not recommend him highly enough!

    “He was there to talk me through any questions and concerns I had until we decided on the best option for me.”

    - Securities Industry
    Smart, cost-efficient, and gets results.

    “My go-to lawyer for arbitration and regulatory matters for years.”

    - B.D.

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