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I got screwed?


How does someone you thought you loved and loved you screw up your finances.?
I have sent several messages regarding a personal banker providing me stock and investment advice which cost me thousands of dollars. I would like to speak to the office of the ombudsman.

I will be pursuing this through legal counsel if I do not get a satisfactory answer to my concerns. I have lost a great deal of money (to me) because I trusted advice from a non-authorized person providing investment advice.
This is the note I sent to the person's employer. I was taken for a ride and it cost me!!!!!

So what is the question. I mean it seems to me like you did a good job of solving the problem.

Welcome to the club~

I don't think their is much you can do. You ultimately invested the money yourself and no investment is 100% safe

we often learn by our mistakes which hurt us deeply. it happens to us all to some degree. the law is not bulletproof so before you act be sure that your problem that was wronged you is against the law or else you are wasting your future

U got screwed. Bite down, fight as hard as u can, and learn from ur experience.

Contact the "SEC"...Security Exchange Commission. If you are a professional and giving Investment Advice, you have to be "Licensed" in that state. You can get a contact number out of the phone book or by calling any Investment Firm. Ask a licensed Investment Broker about the Law regarding someone giving Investment Advise without be Licensed to sell Investments. It's a Felony, also contact your local District Attorney and/or Attorney Generals office.

Unfortunately you only have legal recourse if it's a professional. A personal relationship doesn't count. You could try to sue him / her but chances are that if he / she messed up your finances there's nothing there to sue for and you would be wasting your time and money.
I'm sorry this happened to you. Salvage what you can of your money and put it in a safe place and then start educating yourself on these matters.
Good luck. Contact me if you have any specific questions and I will try to answer them.
Remember that some losses can be written off on your taxes. That way you may be able to get something back. Go to an accountant, show him / her all the documents and get their advice.
Good luck.
JJ

advice is just that advice,, after that you are responsible for making a decision with that advice... following bad advice is always the hardest to deal with.... since you feel betrayed both by your decision to follow the advice and the betrayal you feel coming from the person giving the advice....my advice is to remember that all advice is, is information... it is still your responsibility to investigate and validate the worthiness of any advice given to you and make all your decisions wisely... doing that will give you a better sense of justice, knowing when it doesn't work out, you can look back and know that you covered all the risks the best you could and nothing is fool proof.... but to follow some one blindly is proof of a fool.......loving people come and go, your finances are always yours to protect.......when the love is gone no matter what you still have to be financially viable even if heartbroken....sorry to hear about your tough break...chalk it up as a lesson in life......

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