Investor Suitability/Unsuitability Claims & Arbitration

What to Do When Your Investment Advisor Has Made Unsuitable Investment Choices For You

When you turn your hard-earned savings, IRA, 401(k) or retirement assets over to a stock broker, financial planner or investment advisor, whether at a well-known brokerage firm or at a boutique asset management company, you have the right to expect the investments recommended for you to be suitable to your financial status, age, investment experience and expertise, and risk profile. When your stock broker or money manager fails in that regard and you suffer losses in your account savings, there are steps you can take to protect your rights. At the Houston law offices of Lapin & Landa, Bobby Lapin can help you determine if you have been the victim of unsuitable investment decisions made on your behalf.

A Proven Record of Results and Exemplary Client Service

Stock brokers, asset managers, and investment advisors to whom you have entrusted your savings or retirement accounts have the legal obligation to “Know Your Customer”. They owe you, as their customer and investor, the duty to ensure that each investment they recommend is suitable for you. When they commit negligence or breach that duty, the account agreements you signed with them will likely require that you arbitrate your claim in an arbitration forum administered by FINRA, their governing regulatory association.

Bobby Lapin has, over the course of his career, handled over 50 securities arbitrations on behalf of investors asserting claims including:

  • Unsuitability
  • Unauthorized trading
  • Churning
  • Breach of fiduciary duty
  • Discretionary trading
  • Negligence
  • Fraud
  • Failure to disclose
  • Failure to supervise

Contact Us

Bobby Lapin knows how to handle your claim through a FINRA arbitration from start to finish. He represents individual and business clients in these arbitrations, usually on a contingent fee basis.

If your financial planner or broker has made choices unsuitable to your financial profile, we can help you take legal action so you can seek to recover your losses. We are not afraid to take on large firms in order to protect small investors across Texas. We are responsive to your concerns throughout the process. Contact us today to schedule a consultation with Bobby Lapin.