National investment loss lawyers KlaymanToskes is investigating broker Steven McNeilly of American Portfolios Financial Services (CRD #5614719).
According to his FINRA BrokerCheck record, broker Steven McNeilly of American Portfolios Financial Services is currently facing an investor dispute for allegedly recommending an unsuitable real estate investment, with the investor seeking $450,000 in damages.
Investors that suffered losses with broker Steven McNeilly are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at investigations@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
Steven McNeilly, a broker registered with American Portfolios Financial Services, is facing a complaint from an investor. The customer alleges that McNeilly recommended a real estate investment that was not suitable for them. The investor is seeking $450,000 in damages.
FINRA Rule 2111, also known as the Suitability Rule, requires brokers to make investment recommendations that fit their clients’ needs. This rule states that brokers/financial advisors must consider things like the client’s investment goals, age, risk tolerance, time horizon, investing experience, and tax status. If an investment recommendation does not align with the client’s profile, it may be considered unsuitable.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Steven McNeilly. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
Engaging the services of an experienced securities attorney to evaluate your specific circumstances is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Steven McNeilly, or have concerns regarding your investment portfolio at American Portfolios Financial Services, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.