Oregon Unsuitability Law Firm

Contact Our Portland, Oregon Unsuitability Law Firm If You Suspect Broker Negligence

At Shepherd Smith Edwards and Kantas (investorlawyers.com) we represent retail investors, retirees, accredited investors, institutional investors, high net worth investors, and ultra-high-net worth investors throughout the Beaver State in pursuing damages from financial advisors whose unsuitable investment recommendation contributed to causing their portfolio losses. Schedule your free, no obligation case consultation with one of our Portland, OR unsuitability attorneys today.

Unsuitability Exposes Investors To A Higher Risk Of Loss 

Unsuitability involving a broker-dealer is what happens when a financial advisor recommends an investment or strategy that is not in alignment with a customer’s risk tolerance level, financial situation, age, investing objectives, other investments in the portfolio, liquidity needs, and other key criteria in their investor profile.

FINRA Rule 2111 Lists Three Suitability Obligations That Brokers Have To Fulfill:

Reasonable-basis: The broker must have reasonable grounds for believing, after conducting reasonable due diligence, that a recommendation is appropriate for at least some investors.

Customer-specific: Based on the customer’s investment profile, the broker has reasonable grounds for believing the recommendation is suitable for this investor.

Quantitative Suitability: The broker has reasonable grounds for believing that a series of transactions being recommended is suitable when taken collectively, given the customer’s investment profile.

Unsuitability is the foundation of most Oregon investment loss recovery claims.

To break all of this down to the basics, a recommendation made by a broker is unsuitable if it is inappropriate for the customer. A risky investment strategy may be suitable for a sophisticated investor who can withstand serious losses for the chance of higher returns, but that approach may be too volatile for a retail investor with little investing experience.

Overconcentrating a customer’s account with too many of the same investments is considered inappropriate. In some instances, investing too much of an accredited, sophisticated investor’s funds in low-risk investments that have little chance of making high returns may be considered an unsuitable trading strategy.

What Should You Do If You Are an Oregon Investor Who Suspects Unsuitability?

This is not the kind of investor lawsuit that you want to pursue without trusted Portland, OR unsuitability lawyers on your side. Shepherd Smith Edwards and Kantas has been fighting for Oregon investors for decades. We know what unsuitability looks like and how to build a solid securities claim against a financial advisor.

FINRA arbitration is where unsuitability claims against broker-dealers are filed. Keep in mind that rulings by FINRA arbitration panels are usually final. You want to hire seasoned securities attorneys who know how to represent clients in this kind of legal forum.

If you decide to work with us, our Oregon unsuitability law firm will conduct a thorough investigation into your portfolio losses, prepare and file a solid investment loss recovery claim, and represent you during any settlement talks or before the panel of arbitrators.

We have helped thousands of investors to collectively secure many millions of dollars in awards and settlements. Our Portland unsuitability lawyers genuinely care about helping to make investors financially whole again. Because we work on a contingency basis, we would only receive payment from you for legal services if we obtained your financial recovery for you.

We want to make sure anyone we represent has a positive experience working with us. Read reviews from past clients.

Many of us are former brokers who quit that industry because we didn’t like the many bad behaviors that we witnessed that were harming investors. It is why we left the brokerage industry to work as securities lawyers.

Contact Our Oregon Unsuitability Law Firm: 

When you retain the Shepherd Smith Edwards and Kantas Oregon Unsuitability Law Firm to represent you, you will have everyone at our firm fighting for you while protecting your legal rights. Call (971) 285-3075 or (800) 259-9010 to schedule your free case consultation. You can also fill out this online contact form.

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