The White Law Group has filed a FINRA Claim against Taylor Capital Management
The White Law Group has filed and submitted a FINRA claim on behalf of a North Carolina resident alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision against Taylor Capital Management.
The claim alleges that Taylor Capital Management unsuitably invested the client in 1 Global Capital (“1st Global Capital”) a high risk, high-commission paying product.
The claim seeks damages between $100,000 and $200,000.
It is alleged Taylor Capital Management failed to properly supervise the broker of record, and failed to perform the necessary due diligence on 1st Global Capital prior to recommending it to this particular investor.
Before recommending an investment, a broker-dealer has a fiduciary duty to adequately disclose the risks involved in the investment and to perform the necessary due diligence to determine whether the investment is suitable for the investor.
According to D. Daxton White, managing partner of The White Law Group, ” It is unfortunate, but we believe that many more investors have suffered devastating losses due to the broker-dealer’s failure to supervise and don’t realize they have recovery options.”
“Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the broker violated FINRA rules and the employers failed to adequately supervise him, these firms can be held responsible for any resulting losses in a FINRA arbitration claim.”
FINRA Dispute Resolution is an arbitration venue for investors with claims against their brokerage firm or financial professional. It provides investors with an opportunity to attempt to recoup their investment losses without filing such claims in court.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information The White Law Group and the claim filed against Taylor Capital Management, please contact the firm at 1-888-637-5510 or visit https://www.whitesecuritieslaw.com.