Financial Negligence Procedures


If a financial planner or stockbroker fails to provide solid financial advice, monetary loss could be imminent. A negligence attorney is a legal professional who protects the rights of clients who have received professional services that did not meet the standards that were promised.

Negligence Law Services

A negligence attorney must prove beyond a reasonable doubt that a client or business received services that harmed them physically, emotionally, or financially. Negligence cases can pertain to one person's interactions with a service provider. If a private investor, for instance, was misled by a financial advisor, they may seek restitution for the monetary loss that they incurred.

If a group of people who represent a particular business endured financial loss that was a result of negligence, the business employees may collectively file a lawsuit against the defendant.

Negligence cases require conclusive investigations. Investigative processes may include reviewing a formal contract that was signed by both the defendant and the plaintiff and researching all of the interactions between the service provider and the client. The evidence that is compiled through the investigative processes can aid a plaintiff in proving that they are a victim of negligence.

Examples Of Financial Negligence

A person who is proven to be negligent may have failed to render the services that they promised or may have underperformed. Advising a client to take substantial investment risks, failing to appropriate money as a client wished, and leaking personal financial information that belonged to a client are different negligent actions that may each warrant a distinct legal repercussion.

Court Hearings Versus FINRA Arbitration

A client who has been a victim of negligence can have their case heard in a court of law. They can also choose to have their case brought before the Financial Industry Regulatory Authority (FINRA). This organization protects financial investors and ensures the integrity of the financial market. Deciding to have a case brought before the FINRA may result in lower costs than litigation.

A negligence attorney will advise their client on the benefits and drawbacks of pursuing a legal matter in a court of law and seeking arbitration (private dispute resolution) through a FINRA representative. 

A negligence attorney will actively represent their client during a court hearing or through arbitration. If monetary damages have been extensive, a plaintiff's attorney will negotiate on their behalf. The attorney will attempt to recoup all of the money that was lost as a result of negligence.

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