Misrepresenting or Intentionally Leaving Information Out is Not Acceptable
Often the misrepresentations or omissions disguise the risks associated with a particular investment. A broker has a duty to fairly disclose all of the risks associated with a recommended investment. A brokerage firm or broker can be held liable if that firm or broker misrepresents material facts or omits to disclose material facts to the investor regarding an investment, and that client subsequently loses money on that investment.
Have You Lost Money Due to Misrepresentation or Lies by Omission? Recover Your Losses!
An omitted piece of information is considered “material” if knowing the information would have caused you to reconsider the decision to make the investment.