Margin debt has hit a record high of $822 billion, according to a recent FINRA report.
Margin debt continues its climb in 2021, going from $798 billion in January to $813 in February, and now with another increase in March.
As highlighted in a recent Business Insider article, the March 2021 figure is a 71% year-over-year jump in margin debt usage. As the article noted, “Margin debt previously spiked to record highs before the dot-com bubble and in 2007 just three months before the 2008 financial crisis.”
The article warned that “a number of experts have warned about the use of excessive margin debt.”
Fishman Haygood’s team of investment fraud lawyers represent investors who have suffered investment losses in claims against their brokers or financial advisors and the firms employing/supervising them. If you believe that you may have suffered financial losses due to the misconduct of a financial professional, we may be able to help. Our lawyers will review your investments, analyze your specific situation, and provide you with our opinion as to whether or not you may have a viable claim, free of charge. Market losses? Have you experienced excessive losses in the recent stock market decline? Some losses could be the result of negligence or fraud. Fishman Haygood is here to help. Please contact us to discuss your potential claim.
If we determine that you may have a viable claim, our highly skilled lawyers will focus on pursuing your rights so that you can focus on the many other matters at hand during these challenging times. We will not charge you for our work unless we are successful in obtaining a settlement or recovery. We work on a contingency fee basis which means that when you hire us, you agree that our fee will be a percentage of the amount that we are able to recover for you. But if we are not successful in getting you compensation for your losses, you pay nothing.