Articles Tagged with securities attorneys

Shepherd Smith Edwards and Kantas Securities Attorneys are Investigating 

If you are a Sutter Securities Inc. customer and you suspect your portfolio losses may have been caused by excessive trading by your financial advisor, contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today. The brokerage firm is currently the subject of a complaint by the Financial Industry Regulatory Authority’s (FINRA) enforcement department, accusing the firm of alleged excessive trading in an elderly retiree’s accounts. This purportedly led to the customer, someone with a moderate risk tolerance level and the objective of long-term growth, to pay more than $2.9M in trading costs and sustain at least $1.2M in realized losses

The FINRA complaint accuses Sutter Securities of unsuitably recommending and making 2,217 trades in two of this investor’s trust accounts between March 2020 and July 2021. The enforcement division also alleges that :