Financial losses to customers are caused by many sources. On certain occasions, the advisor or brokers sell products that are not suitable for the customers without disclosing all the details and without understanding the risk appetite of the customer. Such products would give high commission to brokers and therefore it is with this selfish motivation that brokers make certain transactions that leave the customers struggling financially and mentally.
Brokers/advisors need to fully comprehend client requirements and provide comprehensive risk disclosures and set the correct expectations. They should avoid selling inappropriate products to their customers. To intimidate and inculcate fear among clients, some brokers would have complicated bookkeeping. We have seen in our experience where clients approach us with account statements and trading activity so voluminous and complex. This may very well be a ploy employed by the brokers to cover up their transactions.
We at South Texas Securities Co., with our expertise in such cases, can investigate and assist you to know the reasons for such losses. We analyze the account books of the client to decode the malicious transactions. We represent local and international investors before the Financial Industry Regulatory Authority (FINRA) and other dispute redressal forums worldwide. We have a healthy success rate in such litigations against brokers and advisors. Our service is not limited to only the United States of America. We serve global clients worldwide. Our clients include both individuals and companies.