FINRA Reportedly Bars Advisor Marshall Isaacson after Allegations of Unsuitable Investment Recommendations
The White Law Group continues to investigate potential securities claims involving former financial advisor Marshall Isaacson and the liability that his former employers may have for failure to properly supervise him.
On July 20,2020 the Financial Industry Regulatory Authority reportedly barred financial advisor Marshall Isaacson from the securities industry after allegations of unsuitable investment recommendations. FINRA reportedly barred Isaacson after he refused to provide documents and information in FINRA’s investigation.
Isaacson reportedly has several complaints filed against him, according to FINRA. In January 2021, a customer filed a complaint alleging breach of fiduciary duty, breach of contract and negligence. The complaint is still pending. Isaacson has six complaints filed against him and four complaints are for suitability. In April 2019 a customer filed a lawsuit alleging negligence, breach of fiduciary duty, breach of contract and misrepresentation in connection with 1031 exchange, according to his broker report.
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 his broker profile, Isaacson was reportedly registered with Newbridge Securities in Boca Raton, FL from 2016 – 2019. Prior to that, he was reportedly registered with National Securities Corp. for nine years.
Potential Lawsuits to Recover Investment Losses
When brokers violate securities laws, such as making unsuitable investment recommendations, the brokerage firm they are working with may be liable for investment losses through FINRA Arbitration.
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.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois.
If you suffered losses investing with Marshall Isaacson, you may be able to file a complaint against your brokerage firm. Please call the securities fraud attorneys at The White Law Group at 888-637-5510 for a free consultation.
For more information on The White Law Group, and its representation of investors, please visit www.WhiteSecuritiesLaw.com.