A prudent investor knows it is never too early to start thinking about your future, especially if it involves planning for retirement. You often have the ability to invest in one of several types of employer-sponsored retirement plans, such as a 401(k) or 403(b).

Certain retirement plans provide brokers with the discretion to invest on behalf of the employees they represent. When that happens, the broker and brokerage firm assume an increased level of responsibility to the employee – much like a trustee of a 401(k) or other similar plan would. Other plans offer employees the ability to choose their investments. Even then, however, some retirement plans fail to offer the most cost-efficient investment options for employees.

What to Look Out for When Determining Asset Mismanagement

Not every investment loss is the result of stock fraud or negligence; however, there are certain factors to look for when it comes to asset mismanagement. These include:

  • Unsuitable investments
  • Churning
  • Securities fraud
  • Subprime investments

If you have suffered investment losses, it may be difficult to determine if your loss was the result of mismanagement or fraud. If you believe you have lost money as a result of retirement fund mismanagement, contact the attorneys at Dimond Kaplan & Rothstein, P.A. We represent investors who have relied on their broker and brokerage firm to prudently manage their assets, and you may have certain legal rights that require your immediate attention if they fail to do so. Contact us to schedule an appointment or consultation today.

EN   ES   PT     

Miami Office
Grand Bay Plaza
2665 S. Bayshore Drive
Penthouse 2B
Miami, FL 33133
Telephone: 786.628.8236

Los Angeles Office
Available by Appointment
2029 Century Park East
Century Plaza Tower
Suite 400N
Los Angeles, CA 90067
Telephone: 424.544.7930

New York City Office
Available by Appointment
14 Wall St, 20th Floor
New York, NY 10005
Telephone: 917.382.5217

West Palm Beach Office
Northbridge Centre
515 N. Flagler Drive, Suite P-300
West Palm Beach, FL 33401
Telephone: 561.475.2887

Detroit Office
41000 Woodward Avenue,
Suite 350 East
Bloomfield Hills, Mi 48304
Telephone: 248.368.0182