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CPA/Accountant Liability — financial advisor churning account

Started by eComm_Seller_2022 · Feb 14, 2025 · 542 views · 4 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
ES
eComm_Seller_2022 OP

I'm dealing with a situation and need some guidance.

financial advisor churning account. I've been dealing with this for about 9 weeks now and the situation isn't improving.

I have already tried to resolve this directly but did not get a clear answer.

What are my legal options here? Is it worth pursuing?

AT
anon_trader_2024

Just want to point out — the statute of limitations might be a factor here. In some states it's as short as 1-2 years. Don't sit on this too long.

TL
Mod_TermsLaw Moderator

I specialize in this area of law. Here's my take on the legal issues.

There are several legal theories that could apply here. The strongest is probably the relevant statute, which requires showing actionable.

Before taking legal action, consider sending a formal demand letter. In many cases, this alone resolves the issue.

MA
MusicProducer_ATL

I've dealt with this before.

In my case, it took about 4-8 months to resolve. The key was filing with the appropriate government agency.

TA
TenantRights_Advocate

Not a lawyer, but I have direct experience with this.

What worked for me was escalating to a supervisor/manager. It took 1-3 months but was worth it.

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