10.0David P Neuman
(720) 599-3505

Canadian Investors Losing Money with American Financial Advisors


Canadian Investors Losing Money with American Financial Advisors

Posted by admin | 0 Comment

Canadian Investors Losing Money with American Financial Advisors

Are you a Canadian investor who has suffered investment losses with an American financial advisor or stockbroker?  Many Canadian investors use the services of financial advisors or securities brokers who are licensed in the United States, often through FINRA (the Financial Industry Regulatory Authority), which is similar to the Canadian Securities Administrators. Under FINRA rules, when a financial advisor recommends an investment to his or her client, he or she has to ensure that the investment is suitable for that client given their risk tolerance, investment objectives, age, financial resources (like net worth and income), and so on.  Moreover, advisors must adequately explain all important or material risks of an investment to their clients before the investment is made.

If your financial advisor or securities broker made an unsuitable recommendation for you, they may be liable for your losses.  Moreover, if you have been the victim of your advisor’s fraud or theft, the brokerage firm that the broker worked for may also be liable.

In the U.S., securities brokerage firms have a responsibility to adequately supervise all representatives who are registered through their firm.  Brokerage firms also must take steps to ensure that their financial advisors follow all securities rules and regulations, as well as internal firm policies.  When brokerage firms fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers.  Claims against U.S. securities firms may be brought in FINRA arbitration to recover these losses.

Israels & Neuman PLC is a securities and investment fraud law firm with offices in the Seattle area and in Denver, Colorado.  We represent investors in FINRA arbitration proceedings in all 50 states, and we also represent Canadian investors who have been wronged by American financial advisors.  With offices in the Seattle area, we can represent investors from Vancouver and Victoria, British Columbia, who have been wronged by their American financial advisor.


Our attorneys have represented over one thousand investors against many brokerage firms in the past, including LPL Financial, Merrill Lynch, Morgan Stanley, Smith Barney, Stifel Nicolaus & Company, UBS Financial Services, Oppenheimer, Charles Schwab, Wells Fargo Advisors, Ameriprise Financial Services, Raymond Charlotte, ProEquities, Securities America, National Securities Corp., and many others.


If you are a Canadian investor and lost money in investments because of recommendations made by an American financial advisor or stockbroker, and want to hear about how you may be able to recover these losses, please Contact Us at 720-599-3505 for a free evaluation of your case.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman


DENVER: (720) 599-3505

SEATTLE: (206) 795-5798

Copyright © 2020 Israels Neuman, PLC. All Rights Reserved | Sitemap