National investment loss lawyers KlaymanToskes is investigating Justin Scott Mackie (CRD# 4736154) of Arete Wealth after the Henderson, Nevada-based broker and investment advisor received an investor complaint alleging $257,500 in damages due to unsuitable alternative investment recommendations.
Investors that suffered losses with Justin Scott Mackie may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman for a free consultation at (888) 997-9956 or lklayman@klaymantoskes.com to discuss your legal options. We do not collect attorney’s fees unless we obtain a financial recovery for you.
According to FINRA BrokerCheck, Justin Scott Mackie is currently registered with Arete Wealth Management and Arete Wealth Advisors in Henderson, NV.
Mackie has one pending investor complaint, filed on February 22nd, 2023. The customer alleges $257,500 in damages due to unsuitable alternative investment recommendations.
Mackie holds seven years of securities industry experience and has 33 state licenses.
FINRA (Financial Industry Regulatory Authority) is responsible for registering and regulating every broker and brokerage firm engaging in business with retail customers. Under FINRA suitability requirements (FINRA Rule 2111) brokers/advisors and their firms have a duty to recommend suitable financial products and trading strategies based on their client’s financial interests and needs.
If your stockbroker or financial advisor recommended unsuitable alternative investments based on your investment profile, or disregarded your risk-tolerance when making investment recommendations, you may be entitled to a financial recovery through FINRA arbitration.
Alternative financial products may be misrepresented by brokers/investment advisors who fail to fully disclose the risks and liquidity problems involved to their customers, as these investments are often high-risk, have limited liquidity, and carry high expenses and fees. Alternative investments may include Real Estate (REITs), Oil & Gas investments, Private Equity Funds, Bonds, and others.
Your brokerage firm and advisor are obligated to recommend a suitable portfolio according to your net worth, age, risk tolerance, and other factors. If they do not, you may be entitled to a financial recovery.
KlaymanToskes is currently investigating other Arete Wealth representatives in connection with the unsuitable sale of alternative investment products such as GWG L Bonds. GWG L bonds were marketed as safe and low-risk investments that were instead unrated, illiquid, high risk, and potentially speculative.
The firm recently announced its investigation of Dennis P. Thurman (CRD# 2342398) of Arete Wealth Management, who received an investor complaint alleging $100,000 in damages due to unsuitable investment recommendations in GWG Holdings, Inc. Investors are encouraged to learn more about GWG L Bond Investment Recovery Options.
Affected investors should contact investment loss attorney Lawrence L. Klayman at (888) 997-9956 or lklayman@klaymantoskes.com for a free, no-obligation consultation. We do not collect attorney’s fees unless we are able to 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