October 21, 2025
Unsuitable Recommendations
Investors have suffered significant losses after purchasing shares of Bolt Financial, an American financial technology (“fintech”) and payment software company once valued at over $11 billion. A lawsuit filed by the attorneys at ChapmanAlbin and Kuglar Law alleges that certain brokers and financial professionals recommended unsuitable and speculative pre-IPO investments in Bolt and similar high-risk startups.
According to the lawsuit, brokers pressured clients to invest by describing Bolt as a once-in-a-lifetime opportunity while failing to disclose the high risks typical of early-stage companies. Despite its initial lofty valuation, Bolt slashed its share price by approximately 97% in 2024, leaving many investors with heavy losses.
If your accountant, investment advisor, or stockbroker recommended an investment in Bolt Financial, you may be able to recover your losses.
Contact the attorneys at ChapmanAlbin to discuss your potential recovery options at (877) 410-8172
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