National investment loss lawyers KlaymanToskes is investigating Daniel Snover (CRD# 5161189) of PMV Capital Advisers following the filing of a customer complaint alleging $383,000 in damages due to unsuitable recommendations to invest in exchange traded products that were unsuitable for the client’s risk tolerance.
Investors that suffered losses with Daniel Snover may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately at (888) 997-9956 or lawrence@klaymantoskes.com to discuss your recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
According to the SEC’s Adviser Public Disclosure, Daniel Ray Snover is currently registered as an investment advisor with PMV Capital Advisers in Dallas, TX. Snover has been hit with a customer complaint alleging $383,000 in investor damages due to a breach of fiduciary duty and unsuitable investment recommendations. The customers further alleges that Snover recommended exchange traded products that were unsuitable for their risk tolerance.
SEC Regulation Best Interest, a/k/a “Reg BI” establishes a “best interest” standard of conduct for brokers and brokerage firms making recommendations of securities investments and investment strategies to their customers, under the Securities Exchange Act of 1934.
Investment advisors and their firms have a responsibility to make recommendations with their customer’s best interest in mind, based upon the client’s personal needs and preferences.
Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their advisor did not act in their best interest.
Brokers and financial advisors must consider an investment’s risk and ensure that they do not misrepresent material facts when making investment recommendations. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making unsuitable investment recommendations.
The violations discussed above each provide a basis for liability in a FINRA arbitration claim. FINRA arbitration is a more cost-effective process for investors, often occurring with increased speed and efficiency over a court proceeding. To learn more about additional securities violations, see our account activity violations page.
Former and current customers of Daniel Snover who suffered losses at PMV Capital Advisers are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com for a free 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
lawrence@klaymantoskes.com
www.klaymantoskes.com