National investment loss lawyers KlaymanToskes is investigating B. Riley Wealth Management following the filing of a recent FINRA arbitration claim that alleges over $1 million in customer damages due to unsuitable and high-risk alternative investments.
Investors that suffered significant losses at B. Riley Wealth Management should contact attorney Lawrence L. Klayman, Esq., at 888-997-9956, or lklayman@klaymantoskes.com to discuss their recovery options. All consultations are free and we do not collect attorney’s fees unless we obtain a financial recovery for you.
According to the recently filed claim, B. Riley Wealth Management allegedly unsuitably invested its customers in high-risk alternative investments including the following:
Brokers, investment advisors, and their firms have a fiduciary duty to disclose the risks involved in an investment prior to recommending it to their customers. Financial professionals and their firms can be held accountable for investment losses incurred by customers if the investment was unsuitable for the customer’s risk tolerance and objectives, or if they misrepresented the nature of the investment.
In addition to complying with suitability requirements, brokers/investment advisors must adequately perform due diligence to determine whether an investment is suitable. It is alleged that B. Riley Wealth management failed to perform necessary due diligence on the alternative investments recommended to these particular investors.
Customers who suffered losses at B. Riley Wealth Management due to their broker/advisor’s recommendation to invest in alternative investments may be entitled to a financial recovery through FINRA arbitration. FINRA Dispute Resolution is an arbitration forum for investors seeking to recover their investment losses, and is an alternative to filing such claims in court, which can often be lengthy and costlier.
KlaymanToskes can help you determine if your investment loss is due to unsuitable investment advice, misconduct, and/or securities violations at the hands of your firm/broker.
Contact Lawrence L. Klayman, Esq. for a free, confidential consultation at 888-997-9956 or through our website, www.klaymantoskes.com. We do not collect attorney’s fees unless we obtain a financial recovery for you.
KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.
KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.
888-997-9956
lklayman@klaymantoskes.com
www.klaymantoskes.com