Broker Eric Coombs Resigns: Know Your Rights
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Understanding Financial Advisor Misconduct
When you face financial losses due to unsuitable investment advice, it’s crucial to know your rights and the steps you can take for investment loss recovery. The case of Eric Coombs, a former broker with Huntington Investment Company in Columbus, OH, highlights the importance of understanding advisor responsibilities. Coombs resigned from the Huntington Investment Company following an internal review for misconduct. Investors can review his professional history through the FINRA BrokerCheck report for transparency.
The Internal Investigation of Eric Coombs
According to public records, an internal review was performed on Eric Coombs regarding sales practice concerns involving suitability of recommendations, fiduciary role obligations, and other firm written supervisory procedures.
Our lawyers are nationwide leaders in investment fraud cases.
To What Standard is Eric Coombs Held?
Our firm, Meyer Wilson, is dedicated to ensuring that financial advisors and brokerage firms meet their obligations to clients. Investment recommendations must align with clients’ financial goals, and firms must adequately supervise their advisors. Failure to do so may give investors the right to seek recovery for their losses.
Investors should be aware of the three suitability requirements that advisors must adhere to:
- Reasonable Basis Suitability: Advisors must ensure that an investment is appropriate for some investors and conduct thorough due diligence.
- Quantitative Suitability: Investment actions should not be excessive and must fit the customer’s profile, taking into account factors like turnover rates and cost-equity ratio.
- Customer-Specific Suitability: Recommendations must be tailored to the customer’s unique investment profile, including age, tax status, and risk tolerance.
At Meyer Wilson, we are committed to supporting investors nationwide with our expertise in securities litigation and arbitration. We operate on a contingency fee basis, and our extensive experience with a variety of securities cases equips us to advocate for your interests effectively.
If you suspect that your investment losses are due to unsuitable advice or inadequate supervision, don’t hesitate to contact us. Reach out to Meyer Wilson at 866-938-2021 or visit our website at investorclaims.com for more information.
As an investor, you have rights, and Meyer Wilson is here to help ensure they are respected and upheld. If you’re dealing with the aftermath of unsuitable investment advice, remember that you have the right to pursue investment loss recovery. Understanding your rights and seeking the assistance of skilled securities litigation professionals can make a significant difference in your financial recovery journey. Take action today to protect your investments and hold financial advisors accountable for their misconduct.
Written By: Courtney Werning
Recovering Losses Caused by Investment Misconduct.