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Has anyone dealt with financial advisor churning account?

Started by cant_afford_a_lawyer_34 · Dec 13, 2024 · 1,604 views · 3 replies
For informational purposes only. This is not legal advice. Laws vary by jurisdiction. Consult a qualified attorney for advice specific to your situation.
CA
cant_afford_a_lawyer_34 OP

English isn't my first language so bear with me. I've been trying to resolve this on my own but I'm stuck.

financial advisor churning account. I've been dealing with this for about 11 months now and the situation isn't improving.

I have already consulted briefly with a lawyer but got conflicting advice.

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

MH
melissa_h_20

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.

JE
jenny_2024_26

I work in this industry and unfortunately this is very common. The good news is that when people actually push back with legal representation, companies usually settle.

TC
TaxPro_CPA_14

In my case, it took about 1-3 months to resolve. The key was escalating to a supervisor/manager.