Jennifer Lander, a broker and investment advisor at Realta Equities, Inc., is facing allegations of unsuitable investments, according to a recent customer dispute filed on January 18, 2024. The claimant, whose identity has not been disclosed, alleges that Lander made investment recommendations that were not appropriate for their financial situation and risk tolerance. The damage amount requested in the dispute has not been specified, and the case is currently pending resolution.
Lander has been registered with Realta Equities, Inc. (CRD 23769) in Delaware since June 30, 2023. She holds both broker and investment advisor registrations, as indicated by her FINRA CRD number 6321163. Haselkorn & Thibaut, a national investment fraud law firm, is currently investigating the allegations against Lander and Realta Equities, Inc.
According to a Forbes article, investment fraud and bad advice from financial advisors are more common than many investors realize. In 2020 alone, the Federal Trade Commission reported over 71,000 cases of investment fraud, resulting in losses of more than $3.3 billion.
Understanding unsuitable investments and FINRA Rule 2111
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Unsuitable investments occur when a financial advisor recommends or purchases securities that do not align with a client’s financial goals, risk tolerance, or investment objectives. 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.
The investment profile includes factors such as the customer’s age, financial situation, investment objectives, liquidity needs, risk tolerance, and investment experience. Advisors must gather and analyze this information before making any recommendations to ensure that the investments are appropriate for the client.
The importance of suitable investments for investors
Suitable investments are crucial for investors because they help protect their financial well-being and ensure that their investments align with their goals and risk tolerance. When advisors recommend unsuitable investments, investors may face significant losses, jeopardizing their financial security and future plans.
Unsuitable investments can also erode trust between investors and their advisors, making it difficult for investors to make informed decisions and feel confident about their financial future. By holding advisors accountable for their recommendations, investors can protect their interests and seek recovery of losses when necessary.
Recognizing red flags and seeking help
Investors should be aware of red flags that may indicate financial advisor malpractice, such as:
- Recommendations that seem too good to be true or pressure to invest quickly
- Lack of transparency about investment risks and fees
- Failure to provide regular updates or account statements
- Investments that do not align with the investor’s stated goals and risk tolerance
If investors suspect that they have been victims of unsuitable investments or other forms of financial advisor misconduct, they can seek help through FINRA arbitration. Haselkorn & Thibaut, with offices in Florida, New York, North Carolina, Arizona, and Texas, has over 50 years of combined experience in helping investors recover losses through FINRA arbitration.
With a 98% success rate and a “No Recovery, No Fee” policy, Haselkorn & Thibaut has a proven track record of advocating for investors’ rights and securing successful financial recoveries. Investors can contact the firm for a free consultation by calling their toll-free number at 1-888-885-7162.
As the investigation into the allegations against Jennifer Lander and Realta Equities, Inc. unfolds, investors must remain vigilant and proactive in protecting their financial interests. By staying informed, recognizing red flags, and seeking experienced legal representation when necessary, investors can navigate the complex world of investing with greater confidence and security.
