On Sep 29, 6:12 am, l...@g...com wrote:
> My question, is there any legal recourse when an adviser
> doesn't give you advice that's inline with your risk level and you
> suffer as a result?
>
I believe it depends on two things: accepted parameters for
diversification; and the company your advisor works for. It seems to
me you have a good argument, depending on the amounts of money
involved, that your bond holdings were under-diversified. E.g. if you
had 100k in bodns, it should have been 20k in each of five issues. If
the amounts involved were not enough for adequate diversification, he
should have put you into CD's or a savings account. If the firm your
paid advisor works for is good, they may agree to settle in mediation
proceedings.

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