Oregon Regulation Best Interest Lawyers

Oregon SEC Reg BI Attorneys 

Representing Beaver State Investors, Brokers, and Investment Advisers Who Disregarded Their Best Interests 

If you are an Oregon investor who suffered investment losses and you suspect that your financial advisor may have disregarded your best interests when making recommendations and managing your account, Shepherd Smith Edwards and Kantas Oregon Regulation Best Interest Lawyers (investorlawyers.com) want to talk to you. Our Portland, OR, Regulation Best Interest (Reg BI) law firm has been representing retail investors and conservative retirees for more than 35 years.

What Does It Mean To Have A Financial Advisor Violate Your Best Interests?

To say that a broker paid no heed to what is best for you likely means that they prioritized their own interests, and that of the brokerage firm, over yours, even though you are the customer. This might look like unsuitably recommending risky alternative investments that pay higher commissions even when they should be selling you lower-risk products to match your investment goals. Overconcentrating your brokerage account is another way to not take your best interests into account, as is ignoring red flags indicating that a certain kind of product may be part of a Ponzi scam.

SEC Regulation Best Interest

Whereas before, brokers only used to be held to a suitability standard when making recommendations to a client, now there is the US Securities and Exchange Commission’s (SEC’s) Regulation Best Interest (Reg BI). This establishes a best interest standard of conduct for brokerage firms and their associated persons for when they make recommendations to investors, including what kind of account to use.

Reg BI mandates that brokerage firms and their financial advisors place their customers’ best interests over their own, including when it comes to who benefits the most financially. The SEC rule has certain obligations, including those that involve disclosure, care, conflicts of interest, compliance, and recordkeeping.

I’m An Oregon Investor. What Should I Do If I Suspect My Broker Ignored My Best Interests and Caused Me To Sustain Serious Losses? 

It is important that you DO NOT try to talk to your financial advisor and their brokerage firm about this matter on your own. Most broker-dealers will deny any allegations of broker fraud or negligence because they don’t want to pay you or anyone else who may come forward with a similar claim. There are even brokerage firms that have been known to place the blame on their customers or attempt to sabotage their efforts at financial recovery.

More and more, Reg BI violations are being cited not just in investment loss recovery lawsuits, but also in regulatory cases brought by the SEC and the Financial Industry Regulatory Authority (FINRA). The latter kinds of actions can hold brokerage firms to account but they will not necessarily get you back your money.

What you can do is explore your legal options with one of our trusted Oregon Reg BI attorneys. If we determine that you have grounds for an investor lawsuit against your financial advisor, and we decide to work together, we will prepare and file your Regulation Best Interest case in FINRA arbitration. You will have everyone at our law firm advocating for you while we protect your right to financial recovery.

Our Portland, OR SEC Regulation Best Interest law firm is made up of a team of seasoned securities attorneys, paralegals, legal assistants, consultants, and other key members that have a combined more than 100 years of experience in securities law and the securities industry. We have secured a collective many millions of dollars for thousands of investors in arbitration, mediation, and litigation.

Because Shepherd Smith Edwards and Kantas works on a contingency basis, you would only pay us for our securities law services if we secured an award or settlement on your behalf which is where our fees would come out of. We offer quality securities representation and personalized attention.

Contact Our Oregon Regulation Best Interest Lawyers Today
Call (971) 285-3075 or (800) 259-9010 or fill out this online contact form.

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