private placement

Client Lost More Than $500K On Unsuitable, High Risk Securities

The Green Firm recently filed a Statement of Claim through the FINRA Arbitration Process on behalf of clients who lost more than $500K due to the alleged mismanagement of their accounts by their broker and LPL Financial. Our conservative clients' portfolio was allegedly overconcentrated in high-risk mutual funds; their risk was magnified by the addition of other high-risk and/or illiquid investments including REITs and an exotic private placement deal.