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Slater and Gordon is acting for investors who have potential claims against their financial advisor for inappropriate investment advice.
LM Investments Funds Background
Many Australians lost their life savings after their financial advisor recommended an investment in an LM fund. LM Investment funds ceased paying distributions in 2009, suspended capital redemptions in late 2009 and eventually collapsed.
In our experience, many investors were not adequately warned of the risks associated with the LM funds.
LM investors may be able to recoup their losses if it can be shown that they relied on an investment recommendation from a financial advisor that amounted to negligent investment advice in all the circumstances.
Slater and Gordon has issued legal proceedings or has negotiated settlements with financial advice firms on behalf of aggrieved LM investors.
It is important to be aware that strict time limits apply to claims against financial advisors and other professionals.