A mutual fund is a managed portfolio of investments. Mutual funds are as risky (or not risky) as the underlying investments in the fund. As such, some mutual funds are extremely safe, while others can be risky. Brokerage firms have the responsibility to research these funds prior to recommending them to a client to insure that the risk of the mutual fund is in line with the client’s investment objectives and risk tolerance.
If you have suffered investment losses in a mutual fund that was too risky for your particular situation, you may have recourse against your broker-dealer. For a free consultation, call The White Law Group at 312-238-9650.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, please visit our website at http://www.whitesecuritieslaw.com.