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Stockbroker & Investment Fraud Attorneys

Unsuitable Investments

Improper Investment Directions


When a stockbroker, investment advisor, or financial planner recommends an investment, there must be reasonable grounds to believe that the investment is suitable for the client in light of the client's circumstances and investment objectives. If the broker does not learn anything about the financial condition or goals of his client, he obviously cannot meet this responsibility. Moreover, some brokers and advisors recommend investments to their clients that are manifestly unsuitable for them. 


Some common characteristics of investments that may be unsuitable are high-risk stocks such as "penny" stocks, complex investments including life settlements and illiquid investments such as stock in private companys.


If you believe that you have lost money as a result of stockbroker misconduct, don't delay - important legal rights are at stake! Contact an experienced stockbroker fraud attorney today.


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