Unsuitability Attorney

Houston Unsuitability Loss Attorneys

Published on: February 13, 2025 | by Shepherd Smith Edwards & Kantas, LLP

Shepherd Smith Edwards and Kantas Houston Unsuitability Loss Attorneys Are Representing Texas Investors Against The Brokers That Gave Them Poor Investing Advice

Shepherd Smith Edwards and Kantas (investorlawyers.com) is representing Texas investors who have suffered losses because their broker engaged in unsuitability. This is one of the most common legal grounds noted in investment loss recovery claims that are made against broker-dealers and their registered representatives. Contact our Houston, Tx unsuitability loss lawyers so that we can help you determine whether you have grounds for a case.

Broker-dealers and their registered representatives are required to conduct the proper due diligence to ensure the suitability of any recommendation that they make, and, also, to check that whatever financial product or asset they are suggesting is a viable investment and not fraudulent.

SSEK Unsuitability Attorney

Published on: January 29, 2025 | by Shepherd Smith Edwards & Kantas, LLP

More Investors Sue For Losses Sustained While Working With Ex-Fortune Financial Services Broker Richard Wesselt. More Than Three Dozen Investment Loss Recovery Claims Filed By Former Customers

Shepherd Smith Edwards and Kantas Unsuitability Attorney teams (investorlawyers.com) is continuing to investigate allegations that ex-Fortune Financial Services stockbroker Richard Wesselt made unsuitable investment recommendations to customers, which caused them to sustain losses. According to Wesselt’s CRD he has 43 disclosures, and most of these are investment loss recovery claims.

In the still pending unsuitability cases, former customers are collectively seeking almost $5M in damages. Most of the other investor claims resulted in settlements, including one for $1.5M and many for five- or six-figures. Other allegations made against Wesselt include making misrepresentations and omissions about the products he purportedly unsuitably recommended—including overselling them—churning, having clients take loans from policies, purportedly forging their signatures on loan documents, and more.

Unsuitability Loss Lawyers

Published on: January 6, 2025 | by Shepherd Smith Edwards & Kantas, LLP

What Does It Mean To Sue A Broker For Unsuitability?

Our Trusted Unsuitability Loss Lawyers Are Here To Help

At Shepherd Smith Edwards and Kantas (investorlawyers.com), we represent investors who have been the victim of unsuitable investment recommendations by their broker or investment adviser. Unfortunately, unsuitability is one of the most common causes of investor losses that end up meriting a lawsuit for damages against a financial advisor and/or their firm.

Unsuitability Loss Attorneys

Published on: January 8, 2024 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker Unsuitably Recommend Tingo Stock?

SEC Charges Founder And Affiliates With Massive Scam

Shepherd Smith Edwards and Kantas (investorlawyers.com) is speaking to investors of Tingo Group (TIO), Tingo International Holdings, and Agri-Fintech Holdings, as well as Nigerian operating subsidiaries Tingo Mobile Limited and Tingo Foods. The company’s CEO Mmobuosi Odogwu Banye (also known as Dozy Mmobuosi) and his US affiliates are being charged by the US Securities and Exchange Commission (SEC) in connection with an alleged multi-year scam that may have defrauded investors of hundreds of millions of dollars. The US entities are believed to have made billions of dollars in false transactions through the Nigerian subsidiaries. The regulator contends that Mmobuosi allegedly tried to sell Tingo Mobile to public companies by using valuations that were grossly inflated by over $1B.

Unsuitable Trading Attorneys

Published on: November 15, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Unsuitable Trading Leads To Investor Losses

Our Unsuitable Trading Attorneys Are Speaking To Former Customers of Ex-Merrill Lynch Broker Robert Gerstein

The Financial Industry Regulatory Authority (FINRA) has suspended a former longtime Merrill Lynch financial advisor for allegedly recommending that some customers short-term trade their mutual fund shares and certain complex financial products that were better suited for a longer-term trading strategy. Robert Gerstein, who worked at the broker-dealer for more than four decades, consented to the six-month suspension, $5,000 fine, and $129,496 plus interest in restitution that the self-regulatory organization (SRO) imposed. However, he did so without denying or admitting to its findings. Shepherd Smith Edwards and Kantas (investorlawyers.com) are looking into claims of investor losses by former customers of ex-Merrill Lynch stockbroker Robert Gerstein or any other financial advisor.

Broker Unsuitability Attorney

Published on: June 19, 2023 | by Shepherd Smith Edwards & Kantas, LLP

Did Your Broker Unsuitability Recommend Alternative Investments?

Our Skilled Broker-Dealer Negligence Lawyers Are Investigating Centaurus Financial Advisor Valentino Scott

Alternative investments can be high-risk and they are generally unsuitable for most retail customers and conservative retirees. They also aren’t always suitable even for high-net-worth investors or accredited investors. A lot depends on an investor’s age, risk-tolerance level, portfolio, financial goals, and investment time horizon.

Unsuitability Loss Lawyers

Published on: June 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Can You Hold Your Broker-Dealer Accountable for Investor Losses Caused by Unsuitability?

Longtime Merrill Lynch Financial Advisor William King Resigns Following Allegations of Broker Misconduct

Vero Beach, Florida broker William Worthen King has reportedly voluntarily resigned after 37 years as a Merrill Lynch registered representative. The move comes following multiple allegations by his clients that he engaged in unsuitable investment recommendations and unauthorized trading.

Brokerage Firm Negligence Lawyers

Published on: June 5, 2023 | by Shepherd Smith Edwards & Kantas, LLP

When Broker-Dealer Supervisory Failures Don’t Protect Investors’ Best Interests

Our Trusted Brokerage Firm Negligence Lawyers May Be Able To Help You Pursue Damages

The Financial Industry Regulatory Authority (FINRA) is ordering two broker-dealers to pay penalties for compliance failures related to Regulation Best Interest (Reg BI). According to the self-regulatory organization (SRO), DMK Advisor Group and Harpeth Securities did not have the necessary policies and procedures to make sure that their registered representatives abided by this standard of conduct. As a result, both broker-dealers, which also were found to have engaged in compliance failures related to Form CRS, must each pay a $35K fine. Form CRS delineates its services, conflicts, fees, disciplinary history, and other information to customers. The two financial firms did not deny or admit to FINRA’s findings.

Trusted Unsuitability Attorneys

Published on: February 7, 2023 | by Shepherd Smith Edwards & Kantas, LLP

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.