Brokers must "know their customer" and put their customers in suitable investments based on the customer's risk profile. A retired widow depending on income from her investments would be ill-suited to aggressive growth equity investments, for example. In some cases, stockbrokers have been known to put investors in inappropriate investments so that their own financial interests are better served. For example, in some cases, brokers place their investors' assets into proprietary mutual funds or other proprietary investment products, when other products would be better suited to the investor. The proprietary product might be more costly to the investor, without a corresponding or offsetting benefit. If you have lost money due to your stock broker having placed your assets into unsuitable investment products, you might have a suitability claim, and you might be able to successfully recover money through the arbitration process. Contact The Law Offices of Thomas Waitt Pleasant, PLLC today to discuss your matter, free of charge.

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The Law Offices of Thomas Waitt Pleasant, PLLC
1015 Ashes Drive, Suite 204
Wilmington, NC 28405
Phone: 910-509-7106
Fax: 910-202-6481
Toll Free: 888-HELP-156
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