Investment and Stock Broker Fraud Attorney
As fiduciaries, financial advisors and brokers owe a duty
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Editor: Kristian Rasmussen
Profession: Investment Fraud Lawyer
As fiduciaries, financial advisors and brokers owe a duty to: (1) provide full, candid, and truthful communication to their customers of all known facts; (2) refrain from making any misstatement, misrepresentation, or omission concerning any matter; (3) always place the client's welfare and best interests above its/their own and refrain from self-dealing; (4) transact business only after receiving approval; and, (5) recommend an investment only after studying it sufficiently. Gochnauer v. A.G. Edwards & Sons, Inc., 810 F.2d 1042, 1049 (11th Cir. 1987).
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