FINRA Claim filed against Taylor Capital Management Inc
The White Law Group announces the filing of a FINRA arbitration claim against Taylor Capital Management Inc. over investment losses in 1 Global Capital, LLC.
The claim, filed by The White Law Group on December 31, 2018, was submitted to FINRA Dispute Resolution on behalf of an Illinois resident alleging claims for violation of common law fraud, breach of fiduciary duty, negligence, and negligent supervision.
The claim further alleges that Taylor Capital Management Inc. unsuitably invested the client in 1 Global Capital, LLC (1st Global Capital).
The claim seeks damages between $50,000.01 and $100,000.00.
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. It is alleged that Taylor Capital Management Inc. failed to perform the necessary due diligence on this investment prior to recommending it to this particular investor.
When asked about the claim, The White Law Group's managing partner, D. Daxton White said, "Brokerage firms are required to supervise their advisors to ensure that they are complying with FINRA rules. If it can be determined that the financial advisor 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 and is an alternative to filing such claims in court.
For more information on the claim filed by The White Law Group, please contact the firm's offices at (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 and its representation of investors in FINRA arbitration claims, visit https://www.whitesecuritieslaw.com.
The White Law Group