Victim of Investment Fraud? Find Legal Help and a Reputable Financial Planner

  • Investor loses $150K due to unscrupulous financial adviser’s actions
  • Seeking legal advice from securities attorney for potential recovery options
  • Consider filing complaints with FINRA, FTC, and SEC
  • Find a reputable financial adviser through NAPFA or CFP Board’s Let’s Make a Plan site
  • Avoid non-liquid investments over 10-15% of portfolio

An investor lost $150K due to a financial adviser’s dishonest actions, putting funds into non-publicly traded REITs for a 10% commission without disclosing details. FINRA’s statute of limitations has passed. Seek a securities attorney specializing in investor recovery and consider filing complaints with regulatory bodies like FINRA, FTC, and SEC. Find a trustworthy financial adviser through NAPFA or CFP Board’s Let’s Make a Plan site and ensure they follow fee-only practices. Avoid non-liquid investments over 10-15% of portfolio.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the situation of the individual who was scammed by their financial adviser and offers advice on how to seek legal help and find a new financial adviser. It also includes expert opinions from certified financial planners and advisers. However, it lacks specific details about the statute of limitations for investor recovery and may contain some minor repetitive information.
Noise Level: 3
Noise Justification: The article provides some useful advice and information on finding a good financial adviser and seeking legal help in case of investment fraud, but it lacks in-depth analysis or exploration of the issue. It mostly focuses on providing solutions rather than discussing the broader implications or long-term trends related to investment scams.
Key People: Jim Hemphill (certified financial planner at TGS Financial Advisors), Mark Struthers (certified financial planner at Sona Wealth Advisors), Cristina Guglielmetti (certified financial planner at Future Perfect Planning), Bri Conn (investment adviser representative at Childfree Wealth)

Financial Relevance: Yes
Financial Markets Impacted: Financial advisers and investment industry
Financial Rating Justification: The article discusses financial adviser misconduct, the impact on an individual’s retirement savings, and potential legal recourse. It also provides advice for finding a new financial adviser and managing investments.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of any extreme event in the article. The article is about a person who was scammed by their financial adviser and is seeking legal recourse. It does not involve any extreme events or their impacts.·

Reported publicly: www.marketwatch.com