Are You Wondering Whether Your Investor Losses Were Due To Financial Advisor Unsuitability? Customers of Ex-ProEquities Broker Adam Feierstein Allege Unsuitable Investment Recommendations
If you suffered serious investor losses, you may be a victim of unsuitability involving your financial advisor. This typically involves a broker recommending a financial product or an investing strategy that is not an appropriate fit given your investing profile, risk tolerance level, age, or other factors. It is one of the most common reasons that investors end up suing their brokers for damages.
Shepherd Smith Edwards and Kantas (investorlawyers.com) represent investors all over the United States who have suffered losses due to the negligent or wrongful actions of their financial advisors. We also continue to investigate current and former brokers over unsuitability allegations.
This includes ex-ProEquities financial advisor Adam S. Feierstein, who has been accused by clients of making unsuitable investment recommendations and other alleged broker misconduct. ProEquities fired him in 2020. Before that Feierstein was with Woodbury Financial Services and PFS Investments.
Trusted Unsuitability Attorneys
Proving you were the victim of any type of broker misconduct is never easy, which is where our skilled financial advisor negligence attorneys can help. With over 30 years of representing investors, we know how to identify and prove that an investor’s losses were caused by unsuitable investment recommendations, misrepresentations, omissions, churning, or other wrongful or careless actions by a stockbroker.
If we decide to work together, Shepherd Smith Edwards and Kantas will build a solid investor loss claim on your behalf and help you sue your brokerage firm. Even if the broker-dealer wasn’t directly involved in your financial advisor’s alleged unsuitability misconduct, you still may be able to hold the firm liable.
Hiring seasoned Trusted Unsuitability Attorneys can increase your chances of maximizing your financial recovery while ensuring that your legal rights are protected. This is especially important because once the arbitration panel issues a decision, any award—or lack thereof—is usually final with limited possibilities to appeal.
Also, unsuitability by a broker can happen to anyone, not just inexperienced investors. This is key to note because it is easy to assume that only retail investors are impacted by this. Regardless of your net worth or risk tolerance level—you may even be an institutional investor or a high-net-worth individual investor—if an investment or strategy recommended and sold to you is inappropriate for you, and serious portfolio losses resulted, you may be able to file a FINRA lawsuit seeking damages.
Call (800) 259-9010 today or contact us online.