Back in or around 2003-04...I gave my "Financial Advisor" strict instructions to COMPLETELY liquidate my investment
account with a firm I had been with for over 20+ years....
Three (3) later in 2008, I unfortunately was forced to close/sell my businesses
and declare a Chapter 7 bankruptcy
. During the bankruptcy hearing, the judge noticed an account I had listed as closed----was instead still active and open. Upon a very quick investigation, we discovered that my "Financial Advisor" FAILED to close this account which was worth almost $ 70,000.00....consequently.
We explained the circumstances to the judge, whom then allowed us in essence to relist this asset-------which the court promptly seized.
(Part 1) Do I have any recourse against the "Financial Advisor" for not fulfilling his fiduciary duty to 100% liquidate my investment account---which if he had, I would had my $70,000.00 which instead went to the courts.
(Part 2) In 2009, I sent a complaint to the United States Securities and Exchange Commission to file a complaint concerning this issue. During the investigation, the brokerage house did respond, but the SEC investigating agent was doing a very poor job, so I complained to her boss---whom agreed with me and (in writing) said that the SEC would contact me when a new investigating agent was put in place....however,
--------I never heard another word from the SEC again.
What actions can I take against the SEC.?.? Because they did not properly follow-up with my complaint, I've been told that now there is nothing I can do either way.
I'm absolutely furious. I am tired of one rule for the American public---but another rule for corporations
and Federal departments run by idiots who hide behind in the tall weeds when they screw-up.
What are all of my options please.............