Florida Failure To Supervise Law Firm

When Sunshine State Investors Lose Because Of Lax Oversight By Broker-Dealers 

From our securities law office in Tampa, FL, Shepherd Smith Edwards and Kantas Florida Failure To Supervise Law Firm (investorlawyers.com) represent investors throughout the state whose portfolio losses might have been avoided or lessened were it not for a failure to supervise by the broker-dealer. Supervisory deficiencies are commonly cited as a legal cause for why a customer may choose to seek damages. To schedule your free case consultation, contact us today.

What Is Failure To Supervise? 

Lax supervision by a brokerage firm can happen in a number of ways. Here are a few examples:

• The broker-dealer has a supervisory system that is not reasonably designed so as to comply with securities laws and regulations.
• The brokerage firm lacks the necessary written policies and procedures to enforce said system.
• Brokers at a firm are not properly monitored or overseen.
• The absence of a supervisory structure. Under FINRA Rule 3110, everyone at the firm must have a supervisor.
• Customer accounts are not periodically reviewed to watch out for signs of possible unsuitability, overconcentration, selling away, unauthorized trading, or broker misappropriation.
• A disregard of red flags indicating something untoward or fraudulent may be going on in a customer’s brokerage account.
• Failure to investigate allegations of broker misconduct.

Supervisory failures can enable stockbroker fraud, which may lead to serious losses for a customer. It can also enable third parties to commit fraud against a customer of the brokerage-firm.

Other FINRA That Are Key To Proper Supervision:

FINRA Rule 2090: Know Your Customer

FINRA Rule 2111: Suitability
FINRA Rule 2210: Communications with the Public

FINRA Rule 3270: Outside Business Activities of Registered Persons

Why Work With Our Florida Failure To Supervise Lawyers?

For over 30 years, Shepherd Smith Edwards and Kantas has been representing investors against negligent broker-dealers and investment advisers. Many of us are ex-financial advisors who quit because of the unsavory behaviors we witnessed that were enriching broker-dealers while harming their customers. It is why we now use what we know as former insiders of that industry to fight for investors like you.

Most brokerage firms would rather deny your allegations, or even blame you for your losses, than admit to negligence, including supervisory failures. They don’t want to have to be liable and pay you. If they do, this could open up the floodgates to even more claims against them.

Our Tampa securities law firm knows how to protect your legal rights and advocate for you. If we decide to work together, we will be the ones dealing with your broker-dealer, building a solid claim on your behalf, and representing you during the arbitration, negotiation, mediation, or litigation proceedings.

The first step is to contact our Tampa, FL broker supervisory failure attorneys. You should know that not all investment losses are due to broker-dealer negligence or misconduct. However, there could also be other legal grounds for pursuing damages, including unsuitable recommendations, misrepresentations and omissions, negligence, gross negligence, overconcentration, and more.

Identifying the cause of your portfolio losses can be difficult, which is why you want to work with experienced Florida investment loss recovery lawyers that know what to look for and can maximize your chances for a full recovery. With more than a century’s worth of combined experience in securities law and the securities industry, we have helped thousands of inventors to collectively secure many millions of dollars in settlements and awards. When you work with us, you are retaining everyone at our firm.

We are very familiar with the kinds of investors that reside in Florida, including its robust retiree and senior communities. We also represent other kinds of retail investors, as well as accredited investors, sophisticated investors, high-net-worth investors, ultra-high-net worth investors, and institutional investors.

Contact Our Florida Failure To Supervise Law Firm

In Hillsborough County, Miami-Dade County, Broward County, Palm Beach County, and the rest of Florida, call ((813) 560-2992 or (800) 259-9010.

407 N Howard Ave #201A
Tampa, FL 33606