If you suspect your broker sold you investments that didn’t match your needs, objectives, or risk tolerance, we’re here to help you understand your rights and explore your options for recovery. The consultation is free, confidential, and comes with no obligation.

At The Frankowski Firm, we’ve helped countless investors recover losses caused by unsuitable investment recommendations. Our securities attorneys understand the nuances of FINRA’s suitability rules and have successfully held brokers and brokerage firms accountable for violating their duties to clients.

Strong legal counsel when brokers do not consider the needs of the investor

The primary job of a stockbroker or an investment firm is to understand the needs of the investor, and recommend investments that are suitable for those needs. Brokers must use due diligence to understand what expectations the investor has, how much he/she can afford to invest, and how much the investor can safely risk. Brokers should also study the various types of investments to fully understand the potential benefits, risks, and costs of each investment. Suitability claims are one of the most common types of claims heard in FINRA arbitrations.

The legal team at The Frankowski Firm has the experience to review an investor’s portfolio, examine the recommendations that were made, and determine the amount of financial loss caused by the unsuitable recommendations.

When can an investor bring a suitability claim?

Brokers and brokerage firms owe a duty of care to their clients to ensure that they have accurately and appropriately assessed a client’s goals and risk tolerance before offering any advice about potential investment purchases or sales. An investor, however, may bring a claim for unsuitability when:

• The broker fails to accurately identify and/or explain the risk of an investment;
• The broker act in a way that is contrary to an investor’s explicitly stated objectives;
• The broker has acted negligently or fraudulently.
• The manager or supervisor of the broker has not properly supervised or trained the broker, leading to inappropriate or mismanaged investments.

If you believe that the recommendations of your broker were unsuitable, our attorneys can help you determine if you have a claim. We then work closely with you to obtain you the damages you deserve.