If I told my financial adviser to sell everything and he doesn't sell a bond fund because he thinks it doesn't change very much or quickly do I have any legal recourse?
If your advisor is registered with FINRA, and if he failed to execute a clear instruction to sell, and if by failing to do so you lost money, you can likely commence a securities industry arbitration against the advisor (or also the advisor's firm) for damages arising from his refusal to execute. You need to consult with an experienced securities law litigator in your home state. A good number of variables affect the strengths and weaknesses of you possible case, and you will need to evaluate whether it is worthwhile (costs are involved). Anyway, your lawyer should be able to apprise you of all the plusses and minuses. Good luck.
