When Wall Street Breaks Its Promises

When you’re steered into high-risk or complex products that don’t fit your goals or risk profile, you shouldn’t have to bear the loss alone. Under FINRA rules, brokers must consider your age, financial situation, investment experience, and objectives before recommending any products. At Altamirano PLLC, we rigorously review your account and broker conduct to hold firms accountable for pushing unsuitable investments.

“Selling away” occurs when a broker sells investments not approved or vetted by their firm. FINRA strictly prohibits this practice because it bypasses due diligence and exposes investors to unvetted, risky investments. We aggressively pursue claims against brokers who engage in selling away to hold them accountable and help investors recover their losses.

Federal and state laws provide clear protections for harmed investors, prohibiting misrepresentation, deceit, and fraud. Advisors and firms often violate these rules and fail to act in their clients’ best interests. Our team investigates these violations and pursues all available claims under federal, state, SEC, and FINRA rules to recover your investment losses.

Trading restrictions, platform outages, and related misconduct on self-directed investment platforms can disrupt your strategy and lead to significant losses. During the 2021 GameStop short squeeze, several online brokers restricted trading at critical moments. We represent traders in claims against fintech brokers for negligence, system failures, and other securities violations.

GWG Holdings sold more than $1.6 billion in high-yield L Bonds to everyday investors. With recoveries through the GWG bankruptcy proceeding expected to be only pennies on the dollar, investors must take aggressive legal action. We have extensive experience helping investors recover losses related to GWG L Bonds.

Brokers who misrepresent material information, make false statements, or omit critical facts deceive investors. We trace deceptive pitches, whether oral or in writing, and help you bring a FINRA claim to recover losses from investments built on fraudulent misrepresentations and omissions.

Firms must actively supervise their brokers and maintain systems to ensure compliance with securities laws. When lax supervision leads to misconduct causing investor losses, the firm can be held liable. We pursue claims against firms that fail to detect and stop rogue advisors.

Broker negligence occurs when a financial advisor or firm fails to meet the required standard of care. Failure to conduct due diligence, failure to diversify, or failure to execute trades can lead to significant losses. We investigate negligent conduct and pursue recovery when substandard advice or execution causes you harm.

Brokers must act in their clients’ best interests. When they put their own interests first, churning accounts for commissions or pushing proprietary products to generate fees, you may have a claim for breach of fiduciary duty.

Private placements, alternative funds, real estate partnerships, and other non-standard investments carry complex risks that aren’t suitable for every investor. We investigate whether your broker properly vetted these products and provided full and fair disclosures. When they fall short and you suffer losses, we pursue claims to hold them accountable.