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Message
re: Securities Lawyers.....Recovering Investment Losses
Posted on 3/11/13 at 12:24 pm to Fat Bastard
Posted on 3/11/13 at 12:24 pm to Fat Bastard
quote:
It's just an account that I give him a chunk of money every couple years to play with.
soooooooooooo, he had to play with YOUR $$$? You could not PLAY with it?
quote:
He hooked me up a couple of years ago when we bought 500 shares of Conoco Philips,
again, and you could not do this by yourself? Buy these shares after researching the company?
Like I said, the money comes from my company. I guess I could take it wherever I want, but since its a family business and the broker is a family friend, that's where it ends up. I have the final say so on how it's used though.
2
Posted on 3/11/13 at 12:32 pm to tgrbaitn08
quote:
we discussed buying it but before I knew it he had already bought it.
quote:
I have the final say so on how it's used though.
doesn't sound like it
it may come down to your written agreement with him, but that may be your "in" right there
Posted on 3/11/13 at 12:38 pm to tgrbaitn08
quote:That will be your friend's defense.
I have the final say so on how it's used though.
You directed him to buy it and you never told him to sell it.
You might get a few pennies back from a class action suit against what remains of the company's assets (if any) if you get your name on the lawyer's list.
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