Can I sue my financial advisor because of a drastic loss in my account? Posted on February 11, 2011
I have been with my Financial Advisor for 14 years and I am now 63, retired, living on my social security. In spite of my concerns of any losses in stock market as I was entering into retirement, my advisor kept me in the greater stock market stocks and bonds and never once recommended any products that would protect all or portion of my assets from losses and guarantee me income during retirement. This resulted in my sustaining a $157,000 reduction in my account values.
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