Just saw grandma’s statement. She lost 90% of what she put in. My estimate is lost 1/4 million over the last 10 years. Portfolio had 3x leveraged etfs, weird minerals, and Disney? This portfolio looks whackadoo, looks risky and stupid to me, but I’m a novice at best. What can I do? What kind of attorney/ professional do I need and does anyone on Long Island or NYC have recommendations. The broker who was managing grandma’s account died and I think nobody took over or that guy had gone senile/ generally not doing any management for years. Grandma is an incredibly risk averse person, would never have consented to 3x ETFs, let alone have any clue what they are. All help welcome. Please point me in the right direction. What other info do I need? Who do I bring this to?
Submitted March 24, 2019 at 09:03PM by limeyslimey https://ift.tt/2HVlvQl
