TRIAD ADVISORS LLC and financial advisor Mark Just are facing a serious customer dispute alleging the placement of unsuitable alternative investments, according to the advisor’s FINRA BrokerCheck report. The pending dispute, filed on August 22, 2023, involves high-risk, illiquid investments and seeks damages of $300,000. This allegation raises concerns for investors who have worked with Just or TRIAD ADVISORS LLC.
The potential misconduct could have significant consequences for clients’ financial well-being, as unsuitable investments may lead to substantial losses. Investors who have entrusted their assets to Mark Just or TRIAD ADVISORS LLC should closely monitor the progress of this case and consider reviewing their portfolios for any questionable investments.
Haselkorn & Thibaut, a national investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas, is currently investigating Mark Just and TRIAD ADVISORS LLC. The firm’s experienced attorneys offer free consultations to concerned clients who may have suffered losses due to unsuitable investment advice.
Understanding the Allegation and FINRA Rules
Table of Contents
The customer dispute against Mark Just and TRIAD ADVISORS LLC centers around the alleged placement of unsuitable alternative investments. Alternative investments, such as real estate securities, can be complex, illiquid, and carry higher risks compared to traditional investments like stocks and bonds.
FINRA Rule 2111 requires financial advisors to have a reasonable basis for believing that a recommended investment or strategy is suitable for the customer, based on the client’s investment profile. This profile includes factors such as age, financial situation, investment objectives, and risk tolerance.
If an advisor recommends investments that are inconsistent with a client’s profile, they may be violating their duty to provide suitable advice. Unsuitable investments can expose clients to excessive risk, leading to significant financial harm.
The Importance for Investors
The pending customer dispute against Mark Just and TRIAD ADVISORS LLC underscores the importance of working with trustworthy financial advisors who prioritize their clients’ best interests. Unsuitable investment recommendations can jeopardize an investor’s financial security and derail their long-term goals.
Investors should regularly review their investment portfolios and question any holdings that seem inconsistent with their risk tolerance or investment objectives. If concerns arise, seeking a second opinion from a trusted financial professional or legal counsel may be prudent.
Moreover, investors should remain vigilant for red flags that may indicate financial advisor misconduct, such as a lack of transparency, pressure to invest in unfamiliar products, or a refusal to explain investment risks thoroughly.
Recovering Losses Through FINRA Arbitration
Investors who have suffered losses due to unsuitable investment advice from Mark Just, TRIAD ADVISORS LLC, or any other financial advisor may be able to recover damages through FINRA arbitration. This process allows wronged investors to seek compensation for their losses in a forum outside of the traditional court system.
Haselkorn & Thibaut, with over 50 years of combined legal experience and a 98% success rate, has helped numerous investors recover losses through FINRA arbitration. The firm operates on a contingency basis, meaning clients pay no fees unless a recovery is secured.
Investors who believe they may have been victims of unsuitable investment advice from Mark Just or TRIAD ADVISORS LLC can contact Haselkorn & Thibaut for a free consultation by calling their toll-free number: 1-800-856-3352.
Protecting Investors’ Rights
The allegation against Mark Just and TRIAD ADVISORS LLC serves as a reminder of the importance of holding financial advisors accountable for their actions. By thoroughly investigating potential misconduct and pursuing legal action when necessary, firms like Haselkorn & Thibaut play a crucial role in protecting investors’ rights and promoting a fair, transparent financial industry.
As the case against Mark Just and TRIAD ADVISORS LLC unfolds, affected investors should stay informed and proactive in safeguarding their financial interests. Seeking legal guidance from experienced professionals can be an essential step in recovering losses and ensuring a more secure financial future.
