Who would I contact in the state of Al. regarding the loss of money in the money market?

Question

I lost money in the money market and I know that there is someone that you can contact regarding your loss, I have tried to find out from several sources only to be led in the wrong direction.
I have seen advertisement regarding this matter and I have researched this only to find out that this advertisement was not for the state of Alabama but was for other states, I have also tried contacting some of the Money Management Companies here in my city but it seems that no one know 's who I need to contact.
I know for a fact that the people who took such a loss in the money market are getting some of their funds back due to the companies that were handling the stocks and fund's did not have their clients best interest at heart and many people lost a lot of money because of the improper handling of the funds by their investors. I am trying to help my husband out with this due to it was his money that was lost and he is only wanting what is rightfully his. Help him if you can, Please!

Answer 1

If fraud is involved - this would be something to discuss with the Securities & Exchange Commission (SEC)

Answer 2

If you just bought poorly performing stock and sold, on schedual D of the 1040 form, put your loss in ( ) marks in your gain column to signify a loss. For example you bought at $2,000 and sold at $1,000 and gained ($1000) to show them you actually lost $1,000.

First you will have to see if the people actually comitted fraud. Being lousy investment pickers is not grounds to be sued (or the majority of fund managers would be sued). If it's fraud then you go through the SEC.

Some companies, such as Enron can be sued for fraud, but not negligence (such as Donald Trump's company that last year or the year before declared bankrupcy). The company's objectives is not to handle the stock prices, it's to make money. The company can make money, yet the stock prices could keep going down (such as when Amazon's stock price dropped when it announced it had an increase of 25% in profits over the previous quarter).