Shepherd Smith Edwards and Kantas is offering legal representation to Texas investors who have suffered significant financial losses due to product failures, fraud, or broker misconduct. The firm specializes in recovering assets through FINRA arbitration by investigating claims of unsuitable recommendations, lack of due diligence, and negligent supervision by brokerage firms.
Are You A Texas Investor Whose Suffered a Failed Investment That Was Sold To You By A broker?
The Shepherd Smith Edwards and Kantas Financial Product Failure Law Firm represents investors throughout Texas who suffered losses because of a financial product failure. Contact our Dallas securities law firm if you want to explore your legal options.
Why Do Financial Products Fail and What Do Brokers Have To Do With This?
Investments can fail for many reasons. While some of the cases of financial product failure are not in anyone’s control, others could have been avoided were it not for certain wrongful or negligent actions on the part of the issuer or its operators.
Market troubles, poor management, economic downswings or volatility, misleading marketing, conflicts of interest, a change in business model, poorly constructed product from the start, and fraud are some examples of this.
There are also the brokers and investment advisers that can and should be held liable for exposing their customers to these troubled financial products and sometimes behaving fraudulently themselves.
Our Dallas, Tx financial product failure attorneys represent investors who have suffered losses because their financial advisor unsuitably recommended an investment that collapsed or proved fraudulent, failed to conduct the proper due diligence that might have identified signs of trouble, misrepresented the risks, overconcentrated the customer’s account, was negligent, or engaged in some other type of broker misconduct.
Examples of Financial Product Failures In Which Broker Misconduct May Have Been Involved:
- Your broker invested your money in a real estate investment trust (REIT) but didn’t pay attention when it started to fail, which led to losses for you.
- You are a conservative investor whose financial advisor placed your money in a high-risk exchange-traded fund (ETF) that you should never have been involved in. This ETF failed and you lost money in what was always an unsuitable recommendation.
- Your financial advisor was using the brokerage firm that they worked for to run a Ponzi scam.
- Your stockbroker decided to overconcentrate your account in unapproved and registered investments, which is known as selling away, and these unvetted products later proved fraudulent.
- The registered representative you were working with didn’t properly diversify your brokerage account, so when the one product you were heavily invested in tanked, your entire portfolio took a huge hit.
Broker-dealers are supposed to properly supervise their registered representatives and their activities in customer accounts. To neglect this obligation can be grounds for an investor lawsuit.
I’m A Texas Investor. What Steps Can I Take To Help Build My Financial Product Failure Claim?
- Gather and write down any information you have about your investment and your losses. This includes written and verbal communications you’ve had with your broker and any documents you received about the financial product.
- DO NOT send a complaint letter to your financial advisor, which they could later try to use against you. You don’t want to try to resolve your concerns directly with your financial advisor as they are likely to deny wrongdoing or blame you. They might try to sabotage your claim against them. Brokerage firms don’t want to be held liable. Not only would they have to pay you for your Dallas financial product failure losses, but also, other customers might come forward and make similar allegations.
- Contact Shepherd Smith Edwards and Kantasright away to schedule your free, no obligation case consultation. We can help you determine whether broker fraud played a part in your financial product failure losses.
If we determine that you do have grounds for a Texas Financial Product failure case, and we decide to work together, we will likely make your claim in Financial Industry Regulatory Authority (FINRA) arbitration. This is where disputes between brokers and their customers are presented. We would handle all communications with your broker-dealer.
Our Dallas, TX financial product failure law firm has represented many Lone Star State investors against US broker-dealers, located all over the country, including Wall Street. More than 90% of our clients have secured full or partial financial recovery through our committed efforts.
How To Reach our Dallas Financial Product Failure Law Firm Office:
Call (214) 613-5306 or (800) 259-9010
Founders Square
900 Jackson St #440-A
Dallas, TX 75202