Why FINRA and Your Columbus Investment Fraud Attorney are Concerned About Private Placements

In recent years, there has been an increase in investor complaints related to private placement investments. Accordingly, the Financial Industry Regulatory Authority (FINRA) launched an investigation into the sales of private placements. In April 2010, FINRA announced that its investigation uncovered instances of investment misconduct and fraud.

Was the Private Placement a Suitable Investment For You?

Many of the investor complaints brought to FINRA by investment fraud lawyers allege that the broker failed to make a suitable investment recommendation to the investor. FINRA Rule 2310 requires brokers to get to know you and your investment goals in order to make appropriate investment recommendations.
Specifically, your broker should consider things like your risk tolerance, your financial goals, your income, and your assets when making a recommendation.

Additionally, your broker has a responsibility to understand the private placement being recommended and to help you understand the risks associated with the investment.

When to Contact a Columbus Investment Fraud Attorney

If your broker made an unsuitable private placement investment recommendation to you or failed to exercise his or her duty of care in advising you about your financial investments, then you may have the legal right to try to recover damages for any losses that you suffered.

The Law Firm of Meyer Wilson is the only law firm in Ohio that is exclusively dedicated to investment fraud cases and class actions. Our experienced Ohio investment fraud lawyers have successfully helped hundreds of investment fraud victims around the country recover damages through stockbroker mediation, arbitration, and litigation claims.

For more information about your rights, we encourage you to read our FREE book Five Signs of Investment Fraud... And What to Do if it's Happened to You and to contact a Columbus investment fraud lawyer at 614-224-6000 for a free consultation.