What Is The Failure To Supervise By Your Broker-Dealer?

Mississippi Failure To Supervise Attorneys From Our Gulfport, MS Securities Law Office, We Represent Investors Against US Broker-Dealers

Shepherd Smith Edwards and Kantas (investorlawyers.com) cannot tell you how many times Mississippi investors have come to us with portfolio losses that could have been avoided if only their brokerage firm had properly overseen their accounts and the financial advisor that was managing their money.

If you suspect that your investment losses may have been caused by stockbroker misconduct or negligence, contact our Gulfport, MS failure to supervise law office today to request a free, initial case consultation.

In the Magnolia State, the Mississippi Securities Division and the Financial Industry Regulatory Authority (FINRA) are tasked with regulating broker-dealers licensed to operate in the state. While it is good when state and federal regulators can hold brokerage firms accountable for any supervisory deficiencies, that may not be enough to help make an investor financially whole again.

What you can do is file your own Mississippi investment loss recovery claim in FINRA arbitration that is separate from any regulatory action. We have seasoned FINRA lawyers who have experience representing investors in this legal forum. We know how to maximize your chances for a full financial recovery

What Is The Failure To Supervise By Your Broker-Dealer?

The failure to supervise is what happens when the brokerage firm you are working with breaches its fiduciary duty to you by:

• Neglecting to oversee activities in your brokerage account.
• Ignoring red flags indicating financial advisor misappropriation or third-party theft in your portfolio.
• Failing to have the necessary written and managerial procedures in place.
• Engaging in lax supervision of the registered representative managing your investments.
• And more.

FINRA, which oversees US brokerage firms, has a number of rules when it comes to the supervision of registered representatives and clients’ accounts that are supposed to prevent supervisory failures, including FINRA Rules 3110, 2090, and even 2111, which is the Suitability Rule.

Often, it is the failure to supervise that allows other kinds of broker fraud to occur, including unsuitable investment recommendations, negligence, gross negligence, misrepresentations and omissions, excessive concentration, unauthorized trading, churning, selling away, and more. It is one of the most common reasons cited in investor lawsuits.

You want experienced Mississippi failure to supervise attorneys fighting for you. Most broker-dealers and their financial advisors will not readily admit to wrongdoing. Trying to resolve any dispute you might have with them on your own, including one involving lax supervision, could end up harming your case in the long run. Unfortunately, there are broker-dealers out there that would rather sabotage your case than pay you money for your losses.

At Shepherd Smith Edwards and Kantas, our Gulfport, MS securities law firm will protect your right to financial recovery while fighting for you. We have more than 100 years of collective experience in securities law and the securities industry. Many of us are former brokers who quit the brokerage industry because we did not like how broker-dealers were not doing enough to take care of their customers and keep their money safe.

We know what the failure to supervise looks like and how to build a solid case on your behalf. Even if your brokerage firm was unaware of your broker’s wrongful or negligent actions in your account—a supervisory failure in itself—you still may be able to hold them liable for your losses.

Our Trusted Gulfport, MS Failure To Supervise Attorneys Offer Customized Legal Service and Personalized Attention

When you work with us, you are retaining everyone at our firm. We make sure to take into account the specifics of your case and who you are so we can build a solid failure to supervise lawsuit for you.

We make sure that each of our clients knows that their Mississippi investment loss recovery claim is our priority, and we are committed to making them financially whole again.  More than 90% of our clients have secured full or partial financial recovery in arbitration, mediation, and litigation.

Contact Our Mississippi Supervisory Failure Law Firm Today

Because we work on a contingency basis, you will only pay us for our legal services if we obtain damages or a settlement for you. The payment would come out of the financial recovery and never from your own pocket.

Call (228) 206-2493 or (800) 259-9010 or fill out this form.

Our Mississippi Securities Law Office 

2118 18th St #100
Gulfport, MS 39501