Possible Bond Loss Recovery For South Florida Investors: Expert FINRA Attorney Can Help

Possible Bond Loss Recovery For South Florida Investors: Expert FINRA Attorney Can Help

Recently the federal funds interest has risen for the ninth time since March of 2022 to a new high of 4.75-5.00%. Not too long ago, in 2017, the Federal Funds rate was 1%.

If you were sold municipal bonds or any bond or bond fund before 2022, your bonds would be trading significantly below par at a substantial loss. Recently, Soreide Law Group has received calls from many bond investors where their financial advisors recommended long-dated bonds.

Many of these bonds go out 20 or even 30 years, and at the time of the sale were paying a then- generous 2%-3%. Unfortunately, many elderly bond holders unfortunately won’t live long enough to see a 20- or 30- year maturity happen where the bonds are supposed to redeem at par.

Soreide Law Group is now filing claims against financial institutions that failed to sell bonds after the announcement of the aggressive interest rate hike.

If you are interested in pursuing a case against your broker on this basis, you can do so at no upfront cost. Call 888-760-6552 for a free consultation.

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