Negligence

Negligence is conduct that falls below the “legal standard” established to protect others against unreasonable risk of harm.  Generally, negligence is the failure to use such care as a reasonably prudent and careful person would use under similar circumstances.  Each state has its own standard of negligence and there are many types of claims for negligence. 

For a financial adviser to be negligent, he/she may not intend the consequence of his conduct but, a “reasonable person” in his position would have anticipated those consequences and taken “reasonable” precautions to guard against them.  If a financial adviser is negligent in his/her dealings with a client, then the client may have recourse against that financial adviser.

If you suspect that your financial adviser acted negligently in connection with your investments, please contact Wittenberg Law to discuss your legal rights and options.