Panel awards $3.8m to ‘mom and pop’ investors whose risky investments tanked
Florida investors featured in Guardian investigation claimed they lost most of their life savings after a financial adviser put their money into ‘alternative’ assetsIn a victory for everyday investors, arbitrators have awarded $3.8m to 13 Florida seniors who claimed a financial adviser...
<p>Florida investors featured in Guardian investigation claimed they lost most of their life savings after a financial adviser put their money into ‘alternative’ assets</p><p>In a victory for everyday investors, arbitrators have awarded $3.8m to 13 Florida seniors who claimed a financial adviser squandered their retirement money by plowing it into risky investments.</p><p>The award comes after the Guardian highlighted these investors’ losses as part of <a href="https://www.theguardian.com/us-news/ng-interactive/2026/feb/17/trump-wall-street-plan-mom-and-pop-investors-risks">an investigation</a> into dangers that so-called “mom and pop” investors face at a time when the Trump administration has thrown its support behind Wall Street’s efforts to sell them more higher-risk “alternative investments”.</p> <a href="https://www.theguardian.com/us-news/2026/mar/12/mom-pop-investors-risky-investments">Continue reading...</a>
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