Securities Arbitration
Investment Loss is occuring more and more frequentl than ever - and the securities industry is highly regulated. Brokers must get approved from supervision of all their activities, even those that might be considered outside business activities. Brokers and their brokerage firms are required to follow the federal and state securities laws, regulations issued by the SEC/FINRA and the rules of the brokerage firm itself.
Investment law can protect the investor, but brokers can still pretend that they are acting in your best interest, often in violation of industry rules. Ever vulnerable, the typical investor does not even know that what the broker is recommending is forbidden by industry rules.
This kind of investment misconduct has been rampant recently - how many times has a broker violated these rules when he or she recommends to a customer an alternative investment that is offered by a person or entity outside the brokerage firm. The broker may not tell the customer that the investment is being made outside of the brokerage firm. The broker may claim that the recommended investment is in the customer best interest, but the brokerage firm may not have reviewed or approved the investment. The brokerage firm may not have had the opportunity to complete any due diligence on the investment, and the investment might not have been recommended by the brokerage firm.
Howard Rosenfield is a Connecticut lawyer offering legal representation throughout the United States for those who have seen their investments mishandled.
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