Unsuitability Attorney

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.

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.

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