I've lost money on an investment. Does that automatically mean I have
an unsuitability claim?
Not necessarily. If a broker or financial advisor has recommended suitable
investments and otherwise fulfilled his or her obligations, there may
not be legal liability just because it performed poorly.
Unsuitability becomes can be a problem when your broker fails to take the time to research
and be certain any given investment is a reasonable recommendation.
If your broker does make an investment recommendation that is unsuitable,
then you may have an investment misconduct claim. There are many types
of misconduct claims, including:
Determining what type of claim you have can be tricky, depending on the
circumstances, but it is very likely that you will need to pursue the
claim against the broker or brokerage firm through mandatory FINRA arbitration.
If you're not sure where to start or want specific answers about your
options to recover your losses, call an experienced FINRA lawyer today.
We represent clients nationwide in
stockbroker mediation, arbitration, and litigation claims and have recovered millions of dollars