I live in New York. I trusted my investment broker and lost a lot of money. Do I have a case?

Market loss alone does not automatically create a legal case. Whether you have a case is a fact-intensive inquiry that generally hinges on two critical factors: the representations made and your profile as an investor.

Did the broker recommend investments that were inconsistent with your stated goals, risk tolerance, or age? Did the broker provide false information or fail to disclose material risks? Did the broker execute trades without your permission, or engage in excessive trading solely to generate commissions?

Your "sophistication" as an investor is a primary defense used by brokerage firms. The more experienced and wealthy an investor is, the harder it becomes to argue they were "misled." What is your professional background and history with investing? Did you receive and review prospectuses, account statements, and risk disclosures? Did you defer entirely to the broker’s judgment, or did you actively direct the trading strategy?