Unsuitable Investment Lawyers in Philadelphia PA | Goldman, Scarlato & Penny P.C.



UNSUITABLE INVESTMENT LAWYERS

We seek compensation for investors who lost money as a result of unsuitable investments recommended to them by their investment advisors or brokerage firms.
Securities broker-dealer firms and professionals have a duty to only recommend to their customers investments that are suitable for those customers’ investment profiles, experience, and risk tolerance.
The securities regulators have enacted extensive suitability rules and regulations applicable to a broker’s recommendations with regards to specific investments.

BROKERS MUST ASCERTAIN THE SUITABILITY OF INVESTMENTS FOR EACH INDIVIDUAL CUSTOMER, BASED ON FACTORS SUCH AS:

  • (1). financial health
  • (2). tax status & age
  • (3). current portfolio
  • (4). risk tolerance & investment experience
  • (5). liquidity
  • (6). investment goals
An unsuitable investment may comprise one, two, or all three characteristics.
For instance, illiquid investments are typically unsuitable for elderly investors, who may need cash on short notice for medical expenses. Similarly, high-risk, volatile investments are typically unsuitable for investors with limited experience and low risk tolerance.

Contact Us:

Goldman Scarlato & Penny P.C.

rosca@lawgsp.com
8 Tower Bridge, Suite 1025
161 Washington St Philadelphia, PA, 19428 United States
888-998-0530
https://investorlawyers.org
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