Pennsylvania Couple Recovers Losses Due to Excessive Risk

Green, Schafle & Gibbs is pleased to announce the favorable resolution of a case involving two aging Pennsylvanians whose broker allegedly engaged in unsuitable investments and excessive risk in their retirement savings' accounts.

These unsophisticated, moderate senior investors allegedly lost in excess of $160,000.00 as a result of risky, inappropriate, and unsuitable investments recommended by their financial advisor who, despite a long history of customer disputes, was left wholly unsupervised by his broker-dealer.

Overconcentration in Risky Energy Equities

In spite of their moderate risk-tolerance, their account strayed very from the “Balanced/Conservative Growth” portfolio they was designed to be. Indeed, they had become heavily overconcentrated in equities; in particular in energy equities.

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