Plaintiffs' Personal Injury Law Firm

Investment Recommendations & Suitability

The Securities Fraud Department at Napoli Bern Ripka LLP represent clients against investment advisors and many major brokerage firm for breach of their duty to only recommend investments that are suitable for their individual clients.

For most investors, the financial markets and inner workings of Wall Street are an anathema. The lure of high returns, investor success and the potential to have your hard earned saving grow brought many unsophisticated investors from around the world to US brokerage houses. Armed with your investment advisor and his or her tailored strategy for you, you entered the market. In most cases, investors rely completely on their advisors recommendation.

Every investor has a different financial background, experience investing and different expectations from their portfolio, but the legal duties which you trusted investors has in recommending only suitable investments remains the same. The Financial Regulator Authority (FINRA) Conduct Rule 2310(a) provides:

In recommending to a customer the purchase, sale or exchange of any security, a member shall have reasonable grounds for believing that the recommendation is suitable for such customer upon the basis of the facts, if any disclosed by such customer as to his other security holdings and as to his financial situation and needs.

Many investors are mistaken in their belief that their assent to their advisors recommendations could absolve their advisor of any liability. The fact that an investor consented to an unsuitable recommended simply does not legitimize the broker's conduct or affect their legal rights.

A broker must always be satisfied that the customer understands the risks involved in the trading strategy and is not only able but willing to take those risks. Most importantly, the delivery of a prospectus does not absolve a broker of his duty to inform the customer fully of the risks associated with the proposed investment.

At Napoli Bern Ripka LLP, we understand that your investment accounts was more than just an account number but reflects years of prudent savings, vacations deferred, time away from your family, early morning commutes and late nights at work. With this in mind, our attorneys advocate for your rights with passion, dedication and resolve.

The experienced account analyst's and attorneys at Napoli Bern Ripka & Associates work together to diligently review investor's accounts to ascertain whether their losses were the result of their investment advisors breach of duty. We offer a full evaluation of your accounts, including the appropriateness of the commission you charged, at NO CHARGE

We currently have cases pending against Morgan Keegan, Merrill Lynch, Charles Schwab, Citi Group, and TD Ameritrade just to name a few.

We invite you to first visit our website at www.napolibern.com to learn more about our firm and our long standing tradition of advocating for claimants rights.  For further information and to learn more about our services please feel free to contact  Mr. Adam Gana for a FREE CONSULTATION.