Alternative Investment Attorneys

Did You Suffer Investment Losses While Working With LPL Financial/Osaic Broker Cynthia Giovacchino? Shepherd Smith Edwards and Kantas Alternative Investment Attorneys Are Investigating 

If you are an investor who sustained serious portfolio losses while working with Connecticut financial advisor Cynthia Ann Giovacchino, either while she was an LPL Financial registered representative or, more recently, in her role as an associated person with Osaic Institutions, please contact Shepherd Smith Edwards and Kantas (investorlawyers.com) today.

Giovacchino, who has worked 25 years in the industry, has a dozen disclosures on her CRD. All of them are customer disputes that have either resulted in settlements or are still pending. Allegations against Giovacchino include unsuitable investment recommendations in alternative investments, such as non-traded real estate investment trusts (non-traded REITs) and structured notes, misrepresentation, and more.

When Investors Are Unsuitably Recommended Alternative Investments 

Alternative investments can be risky, illiquid, non-transparent, and complex. They may not be suitable for many investors, which is why it is so important that the financial advisor conduct the necessary due diligence to thoroughly investigate any investment and make a reasonable assessment of appropriateness for each customer.

At Shepherd Smith Edwards and Kantas, many of our clients are those who sustained losses in alternative investment because their financial advisor prioritized earning high commissions over ensuring that this was a good recommendation for their customer.

If you suspect that you were the victim of broker negligence related to alternative investment recommendations, whether by Osaic financial advisor Cynthia Giovacchino or someone else, we can help you determine whether you have grounds for a claim.

How Do You Know If Your Broker Was Negligent?

The first step is to evaluate whether your financial advisor’s actions were below the appropriate level of care. Remember that negligence doesn’t have to involve malicious intent. As a matter of fact, good intentions may have even been involved, and yet, the standard of care was not met.

However, this is not something that you can do without skilled broker negligence attorneys assessing the cause of your losses, which is why you should contact us today so we can help you determine what happened and whether you should sue for damages. Also, unfortunately, there are bad investment recommendations do happen because a financial advisor purposely meant to take advantage of the customer.

Because you likely signed a pre-dispute arbitration clause, any claim you bring would likely need to be filed in FINRA arbitration. Shepherd Smith Edwards and Kantas has years of experience representing clients in this legal venue, which requires specific strategies for success that may not be the same as what is needed for going to court. Should we agree to work together, we can maximize your chances for a full financial recovery.

Can Your Broker-Dealer Be Held Liable For Their Financial Advisor’s Actions?

Brokerage firms have a duty to properly supervise the registered representatives and their activities in customers’ accounts. Even if they were unaware of any misconduct, you still may be able to sue them for damages.

Because there is a statute of limitations, the brokerage-dealer could still be held liable after the broker has left the firm as long as it is generally within six years of the event that resulted in the cause of action. However, in some cases, the statute of limitations may be shorter.

You want to work with knowledgeable broker misconduct lawyers who have the skills, resources, and experience to fight for you. We have exclusively represented investors against brokers and investment advisers for more than 30 years.

We are passionate about providing each client with quality representation and personalized attention. We have helped thousands of investors to collectively recoup many millions of dollars.

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