What is a Breach of Fiduciary Duty?
Fiduciary duty refers to the ethical standards a stockbroker or anyone else in the financial industry must adhere to when handling a client’s money. In short, this means that a financial advisor or trusted financial professional will hold all of your best interests in mind when making decisions about your money. When your best interests are not kept in mind, a breach of this duty has occurred. When a breach of fiduciary duty occurs, you may be entitled to seek compensation through swift and aggressive legal action.
If you believe you have suffered financial damages due to a breach of fiduciary duty, please call Colling Gilbert Wright at (407) 712-7300 today to schedule a free consultation with one of our experienced Florida stock market attorneys.
Some examples of a breach of fiduciary duty include:
- Churning claims
- Conflict of interest
- Errors caused by negligence
- Abuse of a position of trust
This list includes some of the most common breaches of trust, but is far from comprehensive. If you suspect you have lost money due to the action or inaction of a trusted financial professional, please contact Colling Gilbert Wright today to schedule a free and informative consultation.