Did You Suffer Investment Losses While Working With UBS Broker Thomas Jenkins? Our Houston Broker Negligence Law Firm is Here To Help
Shepherd Smith Edwards and Kantas (investorlawyers.com) is investigating claims of losses involving UBS Financial Services broker Thomas Jenkins. The Houston, TX financial advisor was recently accused of negligence and breach of fiduciary duty by former customers who are suing for $1,000,000 in damages.
The claimants contend that Jenkins did not follow their instructions to move assets to certain trusts in a timely manner and this led to tax liabilities. The FINRA arbitration case is over fixed income and equities.
What Is Stockbroker Negligence?
This involves actions committed by a financial advisor or their broker-dealer without wrongful intent that, nevertheless, led to an investor sustaining losses and perhaps even falling victim to securities fraud.
Failing to provide a customer with the required standard of care is considered not just broker negligence, but also a breach of fiduciary duty. Meanwhile, broker-dealers are supposed to oversee their registered representatives and their activities in customer accounts. When failure to detect, prevent, or stop negligence occurs, the firm could be held liable for the investor’s portfolio losses.
Other examples of broker negligence:
- Making unsuitable investment recommendations.
- Neglecting to properly vet an investment to make sure it is safe and not fraudulent.
- Supervisory carelessness by the broker-dealer.
- Not regularly looking at a customer’s account to make sure assets in a portfolio continue to remain diversified.
- Making misrepresentations and omissions about an investment or investing strategy and its risks, even if it is out of ignorance or unintentional withholding.
- Not following a client’s instructions regarding their portfolio or financial goals.
- Not making trades that a customer specifically requested.
- A broker-dealer not properly training its financial advisors.
Seasoned Houston Broker Negligence Law Firm
Headquartered in Houston, the Shepherd Smith Edwards and Kantas Houston Broker Negligence Law Firm represents investors throughout Texas and the rest of the United States who have sustained serious portfolio losses because of broker negligence and other kinds of financial advisor fraud. We know how to recognize the cause of your investment losses. Should we decide to work together, we can maximize your chances for a full financial recovery.
Proving broker-dealer liability can be tough, which is why you want to hire seasoned stockbroker negligence attorneys advocating for you. Our Texas securities law firm has been fighting for retail investors, retirees, high-net-worth investors, and institutional investors for over 30 years. Many of us used to be financial advisors who quit that industry because we did not like the many unsavory practices that we witnessed that were hurting investors.
Now, as financial advisor negligence attorneys, we are 100% committed to providing each client with personalized attention and quality securities representation. We have the knowledge, experience, and resources to go after the largest brokerage firms in the country. We have represented investors in more than 1000 matters in arbitration, mediation, negotiation, and litigation.
In Texas, call our Houston, TX broker negligence office at (936) 251-0033. Throughout the US, call our Houston Broker Negligence Law Firm at (800) 259-9010 or fill out this form.