Don’t like the way your investments performed this year? Sue your advisor. It’s not just the market meltdown; investors feel they were duped, and they’re looking for someone (anyone) to blame. Can’t sue the government. Can’t sue politicians. Who naturally comes next? FINRA reports securities arbitration complaints against brokers increased 65 percent in the first eight months of this year, according to the Wall Street Journal, and the final tally is expected to be around 7,500.
And it seems regulators agree. From the Journal: