Gabriel Tessar, a broker and investment advisor at Trident Partners Ltd. (CRD 41258) in New York, is facing serious allegations from customers who claim that investments made between 2012 and 2014 were unsuitable for their investment goals and risk tolerance. This pending customer dispute, filed on March 11, 2024, involves real estate securities and has the potential to significantly impact investors who trusted Tessar with their financial well-being.
The gravity of this allegation cannot be overstated, as it raises questions about Tessar’s judgment and the quality of advice provided to clients. Investors who have worked with Tessar or Trident Partners Ltd. during the specified period should closely monitor the development of this case and consider reviewing their portfolios for any irregularities or losses that may be attributed to inappropriate investment recommendations.
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating Gabriel Tessar and Trident Partners Ltd. in connection with this allegation. The firm encourages any clients who have suffered losses due to Tessar’s alleged misconduct to contact them for a free consultation to discuss their legal options.
Understanding the Allegation and FINRA Rules
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In simple terms, the customers allege that Gabriel Tessar recommended investments that were not suitable for their investment objectives and risk tolerance. This means that the investments may have been too risky or not aligned with the clients’ financial goals, potentially leading to significant losses.
FINRA Rule 2111, known as the “Suitability Rule,” requires brokers and investment advisors to have a reasonable basis for believing that a recommended transaction or investment strategy is suitable for the customer, based on the customer’s investment profile. This profile includes factors such as age, financial situation, investment experience, and risk tolerance.
Violations of the Suitability Rule can result in disciplinary action by FINRA, as well as legal action by affected investors seeking to recover their losses. Tessar’s FINRA CRD number is 1491923, and investors can use this information to research his background and any previous disciplinary actions or customer complaints.
According to a recent Bloomberg article, investment fraud related to real estate securities is a growing concern, with the SEC charging several investment advisers with fraud in recent years.
The Importance for Investors
This allegation serves as a stark reminder of the importance of working with trustworthy and competent financial professionals. Investors rely on the expertise and guidance of their brokers and investment advisors to make informed decisions about their financial futures. When this trust is violated, the consequences can be devastating.
Investors who have worked with Gabriel Tessar or Trident Partners Ltd. should take this allegation seriously and review their investments made during the 2012-2014 period. If they suspect that their investments were inappropriate or have suffered losses, they should consider seeking legal counsel to protect their rights and explore options for recovering damages.
Moreover, this case highlights the need for investors to remain vigilant and actively engaged in their financial affairs. Regularly reviewing account statements, asking questions, and staying informed about market conditions and investment strategies can help investors identify potential issues early on and mitigate losses.
Recognizing Red Flags and Seeking Help
Investors should be aware of red flags that may indicate financial advisor malpractice or misconduct. Some warning signs include:
- Unsuitable investment recommendations that do not align with the investor’s goals or risk tolerance
- Lack of transparency or reluctance to provide clear explanations about investment strategies and risks
- Excessive trading or churning of accounts to generate commissions
- Unauthorized transactions or misrepresentation of investment performance
If investors suspect that they have fallen victim to financial advisor malpractice, they should act promptly to protect their rights and seek help from experienced legal professionals. Haselkorn & Thibaut, with over 50 years of combined experience and a 98% success rate, has a proven track record of helping investors recover losses through FINRA arbitration.
FINRA arbitration is an efficient and effective way for investors to resolve disputes with their brokers or investment advisors. By filing a claim with FINRA, investors can seek damages for losses incurred due to unsuitable investment recommendations, negligence, or other forms of misconduct.
Haselkorn & Thibaut offers free consultations to investors who believe they may have a claim against their financial advisor. The firm operates on a contingency basis, meaning clients pay no fees unless a recovery is obtained. Investors can contact the firm toll-free at 1-888-885-7162 to discuss their case and explore their legal options.
As the investigation into the allegations against Gabriel Tessar and Trident Partners Ltd. unfolds, investors must remain proactive in safeguarding their financial well-being. By staying informed, recognizing potential red flags, and seeking help when needed, investors can protect themselves against financial advisor malpractice and work towards recovering any losses they may have suffered.
