Recovery of Investment Losses with George Merhoff
Are you concerned about investment losses with George Merhoff and Cetera Financial Group? If so, The White Law Group may be able to help you recover your losses by filing a FINRA Arbitration claim against the brokerage firm that sold you the investment.
According to reports, Cetera Financial Group has had numerous claims filed against them for more than $5 million in damages accusing George Merhoff, Jr. of over-concentrating their portfolios in unsuitable, high risk alternative energy investments, such as Linn Energy.
According to his FINRA BrokerCheck , there have been ten customer disputes and allegations of wrong doing against George Merhoff including charges of unsuitability, negligence, breach of fiduciary duty, and breach of contract since December 2015. He is registered with Cetera Advisors in Klamath Falls, Oregon since February 2012.
Failure to Supervise
Brokers have a fiduciary duty to make investment recommendations that are consistent with the clients net worth, investment experience and objectives. Risk tolerance, age, and liquidity needs also need to be considered. Furthermore, brokers are prohibited from engaging in underhanded businesses practice, like churning or unauthorized trading, that violate securities laws and regulations.
When brokers abuse client accounts and conduct transactions that violate securities laws, the brokerage firm they are working with may be liable for investment losses. Brokerage firms that fail to monitor the business activities of their employees may be liable for investment losses due to negligent supervision for the misconduct of their employees.
If you suffered losses investing with George Merhoff, the attorneys of The White Law Group may be able to help you recover your losses. For a free consultation with a securities attorney, please call 888-637-5510.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit www.WhiteSecurtiesLaw.com.