Unsuitability Attorneys

Did You Suffer Alternative Investment Losses While Working With Arete Broker Jason Lamb? Our Unsuitability Attorneys At Shepherd Smith Edwards and Kantas Want To Talk To You

Shepherd Smith Edwards and Kantas Unsuitability Attorneys (investorlawyers.com) is looking into claims of losses by customers of Arete Wealth Management financial Advisor Jason Price Lamb. According to his CRD, this Nashville, TN broker has already been involved in 10 customer disputes since 2024, in which the claimants collectively sought more than $1.3M in damages.

Eight of these investment loss recovery claims have resulted in settlements, while two others remain pending. Most of the cases may have been from when Lamb was still a Center Street Securities broker. Arete has since acquired that broker-dealer.

In their FINRA lawsuits, Lamb’s customers alleged unsuitable investment recommendations. Other sources note that in at least several instances, alternative investments were involved. Jason Lamb denies’ the allegations made by this recent slew of investor lawsuits.

This is not the first time the Tennessee broker has been accused of unsuitability. In 2014, the Financial Industry Regulatory Authority (FINRA) sanctioned Lamb for failing to properly supervise $770K in sales of a high-risk alternative investment to nine customers.

The self-regulatory organization found that he did not take reasonable grounds to make sure the renewable secured debenture was properly represented to and appropriate for these customers. Lamb was suspended for two months and ordered to pay a $10K fine.

Even if you sustained investment losses while working with a broker from the now-defunct Center Street Securities financial advisor, you may be able to pursue damages from Arete Wealth Management.

How Do You Know If You Were The Victim of Unsuitable Investment Recommendations?

It is important that you speak with trusted broker fraud lawyers who know how to properly assess whether unsuitability was involved. Financial advisors must have reasonable grounds for thinking any investment, strategy, portfolio structure, or trade they recommend is appropriate for a customer, given the latter’s age, risk tolerance level, financial goals, investing experience, tax status, liquidity needs, other investments, and other key matters.

Alternative investments can be especially high-risk, illiquid, and costly in terms of their fee structures. Depending on the investment, they may be unsuitable for many retail investors, conservative investors, and unsophisticated investors.

Yet, there are brokers that continue to unsuitably recommend alternative investments to customers. One can only wonder whether, in such instances, the high commissions they could earn took a greater priority over customers’ best interests.

Why Hire Trusted Unsuitability Attorneys To Help You Recover Your Portfolio Losses? 

Our Unsuitability Attorneys have been representing investors for over 30 years. Many of us are former financial advisors who quit that industry because we did not approve of a lot of the unsavory practices and bad behaviors we witnessed that were causing investors financial harm.

The reason that we chose to become securities attorneys was to fight for retail investors, retirees, accredited investors, institutional investors, and wealthy investors in recouping their losses caused by financial advisor misconduct or negligence.

Your first step is to contact us today to request your free, no-obligation assessment.

Call our Unsuitability Attorneys at (800) 259-9010 today.