Dallas Failure To Supervise Attorneys

Suing Broker-Dealers Who Breached Their Fiduciary Duty To Texas Investors

Brokerage firms have a duty to properly oversee their registered representatives and their activities in customer accounts. When a failure to supervise allows or neglects to prevent broker fraud from happening, an investor who suffers losses as a result may be able to sue for damages.

Shepherd Smith Edwards and Kantas Dallas Failure To Supervise Attorneys (investorlawyers.com) represent Texas investors who have fallen victim to failure to supervise by their broker-dealer. Contact our Dallas, Tx supervisory negligence law firm today to request your free, no obligation consultation.

When Failure To Supervise Leads To Investment Losses

We cannot stress the importance of proper supervision by a brokerage firm of its employees. There is even Financial Industry Regulatory Authority (FINRA) rule 3110 , which mandates that broker-dealers satisfy their supervisory obligation to customers. FINRA is the self-regulatory organization (SRO) responsible for regulating its brokerage firm members.

This SRO mandates that member firms implement rules and procedures to ensure proper supervision of its associated persons and registered representatives. Brokerage firms also must periodically look at customer accounts to ensure nothing is amiss in terms of broker activities there. They also need to ensure that their financial advisors are trained and qualified to work with customers and manage their portfolios.

Unfortunately, failure to supervise occurs way too often, and investors end up losing money because of this breach of fiduciary duty. It enables unsuitable investment recommendations, concentration, misrepresentations and omissions, misappropriation, overconcentration, unauthorized trading, selling away, theft (including by outside parties), churning, excessive trading, negligence, gross negligence, and more.

Even if a brokerage firm had nothing to do with any fraud that occurred in a customer’s account, their supervisory deficiencies may be grounds enough for the investor to pursue financial recovery.

How Can You Sue For Failure To Supervise?

The first step is to find out if you do have legal reason for an investment loss recovery claim against your brokerage firm. There is always the risk of loss when investing—and sometimes portfolio losses occur not because of any wrongdoing. The markets, the economy or even global events, such as COVID-19, may be to blame.

Our Dallas Failure To Supervise Attorneys can help you determine if, in fact, your broker-dealer’s actions—or inaction—played a part in your investment losses. We have been exclusively representing investors for more than 30 years.

Our team of seasoned securities attorneys, legal assistants, consultants, and others have the skills, knowledge, and resources to represent clients in complex claims against local brokerage firms, regional broker-dealers, and big Wall Street firms. Over the decades, more than 90% of our clients have received full or partial financial recovery in arbitration, mediation, negotiation, and litigation through our hard work and commitment to helping make investors financially whole again.

Many of us are former stockbrokers who quit that business because we did not like how investors were being treated and losing money as a result. It is why we chose to change careers and become securities attorneys. We are here to fight for clients and help them recoup the damages they are owed because of broker fraud, investment fraud, and financial advisor negligence.

What Should You Do If You Were A Victim of Failure to Supervise?

It is important that you do NOT try to resolve your claim by approaching your financial advisor directly. Unfortunately, broker-dealers and their registered representatives are unlikely to admit to wrongdoing or liability. Some may even try to deny, delay, or even sabotage your valid claim. This is why it is important that you retain Dallas Failure To Supervise Attorneys that know how to protect your case and your legal rights while advocating for you.

These days, disputes between investors and their brokers are usually filed in FINRA arbitration. Shepherd Smith Edwards and Kantas Dallas Failure To Supervise Attorneys have represented many clients in this legal forum. We are familiar with the legal strategies needed to give you a fighting chance of a win.

How Can You Contact Our Dallas Failure To Supervise Attorneys?

We have helped thousands of investors to collectively recoup many millions of dollars from broker-dealers and investment advisers. Call (214) 613-5306 or (800) 259-9010 or fill out this form.

Founders Square
900 Jackson St #440-A
Dallas, TX 75202