Texas Reverse Convertible Fraud Lawyers
When you turn your hard-earned savings, IRA, 401(k) or retirement assets over to a stock broker, financial planner or investment advisor, whether at a bank, a well-known brokerage firm, or at a boutique asset management company, you have the right to expect the investments recommended to you to be suitable to your financial status, age, investment experience and expertise, and risk profile. When your stock broker or money manager fails in that regard by investing your money into an unsuitable reverse convertible and you suffer losses in your account, there are steps you can take to protect your rights. At the Houston law offices of Lapin & Landa, Bobby Lapin represents individual investors across Texas who have been the victims of reverse convertible fraud and can help you determine if you have been the victim of unsuitable investment decisions made on your behalf.
A Proven Record of Results and Exemplary Client Service
A reverse convertible is an investment product promoted and sold by financial advisors, stockbrokers and investment firms which is, in essence, a promissory note backed by a large investment banking firm or bank. Brokers and financial advisors sell investors on the idea of reverse convertibles as a way to meet income needs. However, in a down market, your principal investment is at risk and you could lose a substantial portion of your original investment. When that happens, the results can be devastating, and your investment may never recover. Everyone loves the idea of an investment that generates income, but there are attendant risks. If your broker or planner failed to disclose the risks involved with your reverse convertible, you can file a claim to recover your losses.
Bobby Lapin has, over the course of his career, represented many clients, large and small, in securities or FINRA arbitrations asserting claims including:
- Reverse convertible fraud
- Unsuitability
- Breach of fiduciary duty
- Negligence
- Failure to disclose
- Failure to supervise
Contact Us
Bobby Lapin knows how to handle your reverse convertible claim through a FINRA arbitration from start to finish. He represents individual and business clients in these arbitrations, usually on a contingent fee basis.
If your financial planner or broker has made choices unsuitable to your financial profile, we can help you take legal action so you can seek to recover your losses. We are not afraid to take on large firms in order to protect small investors across Texas. We are responsive to your concerns throughout the process. Contact us today to schedule a consultation with Bobby Lapin.
