Broker Misconduct Attorney

Does Your Financial Advisor Know Exactly What He Or She Is Selling? How Due Diligence Failures and Negligence Can Lead To Investor Losses. Our Broker Misconduct Attorney Can Help!

Often, people will hire a financial advisor because they want expert help making investments, managing their portfolios, keeping their assets safe, saving for retirement, or growing their money.

Stockbrokers are professionals who buy and sell stocks and securities for retail investors, accredited investors, wealthy investors, and institutional investors. In return, they are paid a commission or a fee.

Financial advisors, when they are registered representatives, are employed by a broker-dealer that is also registered with the Financial Industry Regulatory Authority (FINRA). Many of them are also dually registered as investment advisers, although this may be with a different firm.

They not only execute trades but can also offer investment advice, including making recommendations about what securities to purchase or what investing strategy to employ. Stockbrokers are supposed to make sure that whatever counsel or transactions they make are in line with an investor’s financial goals, age, risk tolerance level, liquidation needs, and more.

Unfortunately, there are financial advisors who may not always understand the kind of investment they are selling to a customer.

This may be because they failed to conduct the proper due diligence into what the investment involves, lacked a proper understanding of the risks, were more interested in the high commissions they could earn than making sure the financial product is safe and legitimate, or are inexperienced and did not get the proper training for their jobs.

Any of this can lead to unsuitable investment recommendations, exposure to fraudulent investments for investors, and, potentially, significant portfolio losses.

Shepherd Smith Edwards and Kantas Broker Misconduct Attorney Teams (investorlawyers.com) represent investors who have been the victims of broker misconduct or negligence, including carelessness. We have seen too many times when an individual or an institution ends up suffering unnecessary losses and we are here to help.

Why Selling Away Can Lead To Poor Investment Recommendations

Selling away is when a broker markets and sells a financial product or another type of investment that hasn’t been properly approved or vetted by the broker-dealer. The financial advisor themselves may not fully understand the investment, or neglect to do everything to ensure that no fraud is involved.

Our selling away attorneys can help you determine whether you have grounds for an investment loss recovery claim against your broker and their firm.

Even if the broker-dealer was unaware that their registered representative was engaging in unapproved transactions for their customers, you still may be able to hold the firm liable. Brokerage firms have a duty to properly oversee their financial advisors, the products they are selling, and their activities in clients’ accounts.

When a failure to supervise enables the inappropriate sale of too risky investments, you may be able to file a FINRA lawsuit. FINRA arbitration is the legal forum where claims against broker-dealers and their brokers can be brought.

Our Broker Misconduct Attorney Teams Represent Victims of Broker-Conduct or Negligence for More Than 30 Years

Shepherd Smith Edwards and Kantas Broker Misconduct Attorney Teams has been representing investors against broker-dealers and investment advisers for more than three decades. When you work with us, you are retaining everyone at our firm to advocate for you and protect your legal rights.

More than 90% of investors have received full or partial financial recovery through our skilled and committed efforts.

Call our Broker Misconduct Attorney team at (800) 259-9010 or fill out this form to schedule your free, initial case assessment.