Conversion/Theft of Funds
While it may not seem possible that a broker or adviser can steal, convert, or misappropriate your funds, we see these fact scenarios routinely. Sometimes the trusted financial adviser will simply cause the client's money or investments to be moved to his/her account, and sometimes the broker or adviser will have a rather complex set of investments and transactions to conceal the underlying theft or conversion. The best protection is to know precisely what investments you have, how much money you have in them, and to routinely monitor those investments through your monthly or quarterly statements. Further, you should never accept a monthly statement that appears "basic", or one that appears to be able to be generated on a home computer. Don't take your broker's word for the amount of your investments; rather rely on the accurate reporting of an independent third party. When that doesn't exist, ask why.
Simply stated, a broker or adviser can not borrow, use, misappropriate, convert, or steal your money or investments under any scenario. If you suspect that you are being mislead about the true nature of your investments, the amount of any investment, the current value of any investment, or if you have any questions about the movement of any money or investments between accounts, you should investigate the underlying facts and circumstances. Most importantly, verify the facts.
The Forman Law Firm, P. C. will investigate your situation and determine what happened to the money and/or investments. Please contact us for a free case evaluation.
Bryan Forman helped me through the turmoil of an investment advisor taking my family’s money. I was depressed and they gave me hope. They helped me recover some of the money taken from me. Bryan and his assistant Melody Bounds helped me with other concerns in my life and I am grateful. They kept me informed every step of the way and I highly recommend their firm.
Down to earth, personal, professional attention
Bryan and his assistant Melody could not have been more kind, compassionate and attentive. They explained everything that would be happening and were always available. My family is extremely grateful for the way they handled our legal issue. I would highly recommend them for your investment and securities issues.
I hired Bryan to help me with an issue with a financial institution. Bryan and his assistant Melody Bounds were professional and personal while resolving my situation. Bryan's experience and expertise were crucial in the positive outcome. Both he and Melody spent long hours researching and preparing my case. There was excellent communication during the process and they always kept me informed on the current events in my case. They treated me like family and not just a client. I would highly recommend Bryan Forman to represent anyone that needs legal representation regarding possible malpractice regarding investment fraud. Bryan will listen sincerely to your situation and give you his honest opinion on the validity of your case.