Financial Advisors owe certain duties to their customers, but so do the firms who employ them. These duties are aimed at protecting you the investor . Such duties include,
- Monitoring a financial advisor’s trading;
- Investigating and following up on red-flags;
- Supervising for sales practice violations such as churning, unauthorized trading, and unsuitable recommendations; and
- Where necessary, contacting a customer to make them aware of unusual activity in their accounts.
If you suspect that your advisor’s firm has not adequately supervised him/her, please contact the attorneys at PCJ Law for a free, informative consultation at 901-820-4433.