In the world of investment, it’s not uncommon for disputes to arise between investors and brokers or financial advisors. Such allegations often revolve around products being too risky or unsuitable for the client’s investment objectives. However, these allegations can sometimes be misleading, and it’s essential to understand why they may not always be accurate.
Steven Gessner, a financial advisor associated with CAMBRIDGE INVESTMENT RESEARCH, INC, and UNITED PLANNERS’ FINANCIAL SERVICES OF AMERICA, A LIMITED PARTNER, has recently faced such allegations. The clients alleged that the products recommended were too risky and unsuitable for their investment objectives. But are these allegations valid?
Understanding the Allegations
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Firstly, it’s crucial to understand that risk is inherent in any investment. The level of risk an investor is willing to take on is often commensurate with their potential returns. A financial advisor should always align the recommended investment products with the client’s risk tolerance and financial goals.
However, what one investor may deem as “too risky” might be a perfectly acceptable level of risk for another investor. Therefore, the allegation of investment being “too risky” or “unsuitable” is subjective and depends on an individual’s risk tolerance and financial objectives.
Recovering Losses Through FINRA Arbitration
So, what recourse do investors have if they believe they’ve been wronged? This is where FINRA arbitration comes in. The Financial Industry Regulatory Authority (FINRA) provides an arbitration platform where investors can file disputes against brokers or financial advisors. This process can help investors recover losses that may have resulted from alleged misconduct.
How Haselkorn & Thibaut Can Help
If you’re an investor seeking to recover losses, you need a reliable and experienced law firm on your side. Haselkorn & Thibaut is a leading investment fraud law firm with offices in Florida, New York, North Carolina, Arizona, and Texas.
With over 50 years of experience and a 98% success rate, Haselkorn & Thibaut has a proven track record of successful financial recoveries for investors. They offer a free consultation at 1-800-856-3352 and operate on a “No Recovery, No Fee” policy, meaning you won’t be charged unless they recover your losses.
Conclusion
In conclusion, while allegations of investment misconduct should be taken seriously, it’s also crucial to understand the inherent risks associated with investing. If you believe you’ve been wronged, consider seeking arbitration through FINRA and consult with an experienced law firm like Haselkorn & Thibaut.
