National investment loss lawyers KlaymanToskes is investigating Joann Cadovich (CRD# 2482427) of GLP Investment Services in connection with the filing of a customer complaint alleging unsuitable and high-risk investment recommendations.
According to FINRA BrokerCheck, Cadovich has been registered as a broker with GLP Investment Services in Farmington, MI since 2011. Cadovich was previously registered with PFS Investments in Livonia, MI.
Investors that suffered losses with Joann Cadovich may be entitled to a financial recovery. Contact Lawrence L. Klayman, Esq. immediately for a free consultation at (888) 997-9956 or lawrence@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, Joann Catherine Cadovich has one pending customer complaint disclosed. The customer alleges Cadovich made unsuitable investment recommendations that were too risky for the client’s “moderate” risk tolerance.
In addition, the customer alleges Cadovich did not address her concerns regarding the availability of other, more conservative investment products. The customer alleges Cadovich should have recommended lower-risk investment options such as a money market fund or an annuity.
Former and current customers of Joann Cadovich that suffered investment losses are encouraged to contact securities attorney Lawrence L. Klayman at (888) 997-9956 or lawrence@klaymantoskes.com for a free and confidential consultation. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
FINRA (Financial Industry Regulatory Authority) is the self-regulatory body responsible for regulating all U.S. brokers and brokerage firms doing business with customers in the United States and/or other countries.
Under FINRA rules, financial advisors and their firms are responsible for providing suitable investment advice and may also be liable for a breach of fiduciary duty in the event of a misrepresentation, omission or unsuitable recommendation resulting in losses suffered by the investor. Further, financial professionals and their firms cannot disregard a customer’s risk-tolerance when making suitable investment recommendations.
Unfortunately, some brokers/investment advisors may misrepresent the risks and liquidity problems associated with certain investments. Brokerage firms and their registered brokers/investment advisors have a responsibility to disclose and fully explain these risks before recommending any alternative financial products to customers, as they are often high-risk, have limited liquidity, and carry high expenses and fees.
Investors that have suffered losses as a result of their advisor’s violations of securities rules may hold their brokerage firm and financial professional liable through a FINRA arbitration claim. Contact KlaymanToskes today at (888) 997-9956 to discuss your potential case and learn more about the arbitration process.
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