A recent case that caught our attention involves Atlanta financial advisor Larry Waller. Waller, currently a broker and an investment advisor with SA Stone and also serving as the president of HLM Financial Services, has been accused of breaching his fiduciary duty. The complaint, filed in November 2023, seeks relief for damages of $135,000. The customer alleged that Waller failed to diversify and properly allocate his investments.
Over-concentration in an investment portfolio is akin to “putting all your eggs in one basket,” a risky approach that can expose investors to unnecessary harm. When brokers purportedly fail to heed the fundamental principles of diversification, they may be held accountable for the resulting losses.
Waller was the subject of two previous customer disputes – one of which a customer alleged that Waller forged his signature. He was terminated from his old brokerage firm, HD Vest, in 2005 amidst allegations that he was inappropriately making discretionary trades in customer accounts.
At Meyer Wilson, we are resolute in our mission to support investors who have suffered due to the actions of financial advisors and investment firms. If you or someone you know has experienced investment losses, it’s important to recognize that you are not alone, and you have options.
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$350 Million for Our Clients Nationwide.
We invite you to reach out to us at 866-938-2021 for a free and confidential consultation. Our team will listen to your story, evaluate your situation, and discuss the potential paths forward. With our nationwide representation, we are committed to advocating for the rights and financial well-being of investors across the United States.
Remember, when it comes to your investments, you deserve advisors who act in your best interest, providing diligent and ethical management of your hard-earned assets. If your trust has been breached, let Meyer Wilson stand by your side and help you seek the justice you deserve. For further assistance, please visit investorclaims.com and fill out a contact form.
Recovering Losses Caused by Investment Misconduct.