Allegations of negligence, gross negligence, failure to supervise, and breach of fiduciary duty have been raised against Derek Su, a broker and investment advisor at USCA SECURITIES LLC. The claimants, who have been clients of USCA since 2015, allege that Su failed to properly structure their accounts to meet their retirement goals when he began handling their accounts in late 2020. The seriousness of these allegations cannot be understated, with the claimants seeking a whopping $2,200,000 in damages.
What Does This Mean?
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In layman’s terms, the clients entrusted their hard-earned money to Su, expecting him to guide them towards a comfortable retirement. However, they allege that Su was negligent in his duties, did not adequately supervise their accounts, and breached his fiduciary duty. This means he did not act in the best interests of his clients, which is a serious allegation in the financial world.
Furthermore, the clients are sophisticated investors, and all transactions were discussed and agreed to. This raises further questions about the nature of the advice given and the level of understanding the clients had when making these decisions.
Investigation by Haselkorn & Thibaut
Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating the advisor and company. With offices in Florida, New York, North Carolina, Arizona, and Texas, they are well-equipped to handle such serious allegations. The firm boasts:
- Over 50 years of experience in the field
- A 98% success rate in financial recoveries for investors
- A “No Recovery, No Fee” policy, assuring clients they only pay if they win
Haselkorn & Thibaut is offering a free consultation to clients affected by this situation. They can be reached at 1-800-856-3352.
FINRA Arbitration: A Path to Recovery
For those who have suffered financial losses due to the alleged negligence of a financial advisor, there is a potential path to recovery. The Financial Industry Regulatory Authority (FINRA) Arbitration is a streamlined process that can help investors recover losses. It’s less formal than traditional litigation and can often result in quicker resolutions.
With the seriousness of the allegations against Derek Su and USCA SECURITIES LLC, it’s crucial for affected investors to seek professional help. Haselkorn & Thibaut, with their impressive track record and client-first approach, are ready to assist. Don’t hesitate to reach out and take the first step towards potential financial recovery.
