Mutual Fund Fraud

Alabama, Georgia, Florida

A Great Tool
Mutual funds, if properly managed, can be a great source of revenue because of how they diversify your portfolio. Rather than investing in a single company, your money is distributed throughout various types of stocks and bonds. This protects your investment from market instabilities. If one stock or sector of the market falls, it won't pull down the rest of your mutual fund portfolio.

Mutual funds are also beneficial because they can save you time. All you need to do is deposit money in the fund manager account, and wait for your check. The task of analyzing and interpreting data belongs to the company you've purchased your funds through. Another attractive feature about mutual funds is that they don't require significant amounts of money. The average mutual fund investment is $2,500, but some funds can be purchased for around $1,000.

Suitable Options
There are many different mutual fund companies, each with an array of mutual funds for you to choose from. Some focus on specific industries, from healthcare to finance, while others are more general. And within those categories there are mutual funds with different levels of risk.

But like the stock market, there are no guarantees with mutual funds. Sometimes they are sold through fraud and deceit. Sometimes brokers will fail to explain to you the reasons for recommending a particular mutual fund-such as the commission he or she will collect on your investment. As an investor, you are entitled to know all the facts about your mutual fund investment. If something was not explained and you lost money, you may be able can recover your losses through arbitration or in court.

Essential Communication
In the early 2000s, investors lost a lot of money because their brokers failed to tell them that their funds were tied up in telecommunications or technology stocks. Your broker needs to tell you more than that your funds are "diversified." Deceitful brokers could also try to trade your investment excessively, buy and sell without your permission, purchase securities higher than your desired risk level or knowingly give you bad investment advice.

If you or a loved one has invested in securities such as stocks, bonds or mutual funds, and have experienced problems, contact the mutual fund fraud attorneys at Burke, Harvey & Frankowski. Serving Florida, Georgia and Alabama, our experienced attorneys can help you understand your rights and reclaim your losses. Call or e-mail us today for a free consultation.

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