Austin, TX Investor Files Six-Figure FINRA Arbitration Claim Against Crescent Securities Group Over Portfolio Losses. Our Texas FINRA Lawyers Are Representing This Claimant In Pursuing Damages
Throughout The Lone Star State, Shepherd Smith Edwards and Kantas Texas FINRA Lawyers (investorlawyers.com) represents Texas investors against broker-dealers and investment advisers all over the United States. One of our clients, an older Austin investor in her sixties, is suing Crescent Securities Group for up to $500K, plus interest, and costs. Her investment loss recovery claim will be heard by a panel of arbitrators in Houston.
This claimant contends that ex-Crescent Securities broker Marvin Allan Bergstrom allegedly unsuitably recommended certain stocks and bonds. This investor, who had made it clear from the start that she could not afford to take risks or lose money, ended up suffering a six-figure loss.
This person is an inexperienced investor who wanted liquidity. In her FINRA lawsuit she now contends that Bergstrom misrepresented the risks involved in his alleged unsuitable recommendations and purportedly committed other intentional, negligent, and/or grossly negligent behavior.
Bergstrom, who is not a respondent in this FINRA case, worked 45 years in the industry. He was a Crescent Securities financial advisor from 2003 to 2023 in Austin, Texas.
As this investor’s FINRA arbitration attorneys, we believe that the broker-dealer breached its fiduciaries owed to her and failed to properly supervise its then-registered representative.
Working With a Skilled FINRA Texas FINRA Lawyers Could Impact The Outcome Of Your Claim
Shepherd Smith Edwards and Kantas represents Texas investors in FINRA arbitration. More than 90% of our clients have obtained full or partial financial recovery through our hard work and skilled efforts.
Filing a claim in FINRA arbitration is likely what you agreed to do in an event of a dispute with your broker-dealer and/or their registered representative. You would have consented to this when you signed the predispute arbitration clause once you andthe brokerage firm decided to start working together.
FINRA arbitration is different from going to court, which is why it is important that you retain seasoned FINRA lawsuit attorneys who understand this type of legal venue and have a record of obtaining successful results for investors. DO NOT try to pursue this kind of legal claim on your own. Most brokerage firms have their own attorneys ready to refute any allegations of wrongdoing or negligence. They may even try to sabotage any case you might try to bring to them, which is why you need savvy FINRA arbitration lawyers fighting for you.
From our securities law offices in Houston and Dallas, we are able to work with Texas investors in fighting for their financial recovery from US broker-dealers investment advisers and financial firms. We have represented investors in more than 1000 matters in arbitration, mediation, and litigation.
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