The write investment: author wins millions from advisor

Mystery author Patricia Cornwell won $50.9m from financial advisor Anchin, Block & Anchin LLP. We have investigated these cases before for financial services clientele, usually focusing on claims of negligent trading and breach of fiduciary duty (and whether the client is getting trading tips elsewhere and acting on them). These cases often stem from the discrepancy between the signed documents that spell out a client’s investment goals, and trading done in later years that might diverge from that plan. A wise advisor should make sure they amply document the client’s goals, and consent to trades.