Now that the devastating Subprime Lending fiasco has ruined a number of large financial firms, the question arises as to whether private investors who have suffered losses due to the Subprime meltdown have legal recourse against stockbrokers or advisors who recommended the investments.  Investment that featured Subprime lending involved a high degree of risk.  Stockbrokers and financial advisors who recommended such investments were required, as part of their advice, to disclose and discuss the risk and obtain informed consent from the investor.  All investment recommendations must be suitable for the investor, and risky investments are generally considered unsuitable for conservative investors. 

If you have questions about Subprime investments, please feel free to give us a call at 1-800-306-6010 or contact us online.