Oregon Failure To Supervise Attorneys 

Our Oregon Failure To Supervise Attorneys are Here To Represent Beaver State Investors With Investment Loss Recovery Claims Against Brokerage Firms 

Shepherd Smith Edwards and Kantas (investorlawyers.com) works with retail investors, retirees, senior investors, families, accredited investors, high-net-worth investors, and institutional investors throughout Oregon who have suffered significant investment losses because of a failure to supervise by their broker-dealer. With over a century’s worth of collective experience in securities law, our Portland, Oregon investment loss recovery law firm is here to offer seasoned securities representation and personalized attention to each investor that we work with.

Failure To Supervise Can Be Grounds For Suing Your Brokerage Firm

The Financial Industry Regulatory Authority (FINRA), which oversees brokerage firms and their registered representatives, has rules in place to enforce the importance of proper supervision and compliance by brokerage firms:

FINRA Rule 3110: Member firms must set up and keep up a system that ensures proper supervision of all registered representatives and their activities. All of a  brokerage firm’s supervisory procedures must be in writing. All persons in supervisory roles must be supervised. Even brokers who work solo without a supervisor on site need to be under some type of oversight.

FINRA Rule 2090 and FINRA Rule 2111: Both rules are relevant when it comes to helping ensure that brokers are properly supervised. Rule 2090 requires that all brokers exercise diligence when setting up and maintaining customer accounts. Rule 2111 requires that any investment-related recommendations they make to customers meet suitability requirements.

There is also FINRA Rule 2210, which mandates proper due diligence and supervision related to any communications by financial advisors, including electronic communications and on social media. FINRA Rule 3270 mandates that financial advisors disclose all business activities even if unrelated to their employment.

Yet the failure to supervise by a broker-dealer happens more often than you would think. This can lead to serious portfolio losses for Oregon investors.

What Are Examples of A Failure To Supervise By A Broker-Dealer?

• A brokerage firm neglected to properly vet financial advisors that they hire, including one who has a history of defrauding investors.
• Inadequate training for brokers regarding how to do their job properly.
• Disregarding red flags indicating that a financial advisor may be defrauding brokerage firm clients.
• A broker was able to sell unvetted investment products that are unregulated and too risky because the broker-dealer failed to properly oversee this registered representative.
• The broker-dealer disregards an investor’s complaint of possible broker misconduct or negligence in their account.
•     The brokerage firm conducted inadequate due diligence into an alternative investment before approving it for recommendation to customers.
• A broker-dealer neglects to supervise a broker’s activities in a customer’s account while failing to recognize that the registered representative is churning in the portfolio.

Why Hire Our Portland, Oregon Failure To Supervise Law Firm

When you work with us, you are retaining securities attorneys that are 100% dedicated to representing investors against broker-dealers and investment advisers. Many of us are former financial advisors who quit the brokerage industry because we didn’t like many of the unsavory practices we witnessed and the resulting harm they were causing investors. It is why we became investment loss recovery lawyers.

Our Oregon securities attorneys are here to advocate for and protect investors while doing what we can to help them recoup their losses caused by a broker-dealer’s failure to supervise and other kinds of financial advisor negligence.

At Shepherd Smith Edwards and Kantas, our Oregon Failure To Supervise Attorneystake the time to get to know you, your circumstances, and what led to your portfolio losses. We have years of experience helping investors with all kinds of investment loss recovery claims. We have handled more than 1000 securities law-related matters in arbitration, mediation, and litigation.

This includes the most complex kinds of investor lawsuits against the largest brokerage firms on Wall Street. Over the decades, we have helped thousands of our clients to collectively recoup many millions of dollars from those that are liable.

Contact Our Oregon Securities Law Firm Today To Explore Your Legal Options:

To schedule your free initial case consultation, call (971) 285-3075 or (800) 259-9010 or fill out this online form with one of our trusted Portland, Oregon failure to supervise attorneys.

621 SW Morrison St #1050-B
Portland, OR 97205