Investors often put a great deal of trust in their investment advisers and stockbrokers. Unfortunately, there are times when that trust is broken resulting in substantial investment losses. If you sustained losses related to investment fraud or misconduct, you might be able to recover those losses through litigation or arbitration.
At Meyer Wilson, we represent individuals who have suffered financial losses due to unsuitable recommendations made by their investment adviser or broker. Our lawyers have secured millions of dollars on behalf of our clients and will work tirelessly to get you the recovery you deserve. Contact our office today at (614) 532-4576 to schedule a free consultation.
The Financial Industry Regulatory Authority (FINRA) provides detailed information about registered brokers through BrokerCheck. A broker’s BrokerCheck report contains data about the broker’s years of experience in the industry, firms that they have worked for, and state licenses that they hold. The BrokerCheck report also details any disclosures that the broker has including customer complaints, regulatory actions, and employment terminations.
According to Barbara Borowsky’s BrokerCheck report, she has one pending customer dispute. The dispute was filed while she was a registered representative of Dempsey, Lord, Smith, LLC. The complaint alleges that she made unsuitable investment recommendations and misrepresented investments related to Direct Investment - DPP & LP Interests. The damages in the case have not been specified.
In addition to the current pending dispute, Barbara Borowsky has two settled disputes against her. Both were filed while she was employed as a broker and investment adviser with Suntrust Investment Services, Inc.
In February 2009, a customer dispute alleged that Borowsky made misrepresentations related to the interest rate on a “Suntrust Index-Linked Certificate of Deposit” or a SILC. The client was reportedly told that the SILC would pay 6% simple interest every year. That was, however, incorrect. The matter was settled for over $7,000.
A complaint filed in July of the same year was denied. Accusations included that the recommendation of investing in a variable annuity was unsuitable due to the risk of loss of principal. Unsuitable investment recommendations are a common form of investment fraud.
If you believe that your broker or investment advisor made an unsuitable recommendation resulting in losses, you need to speak with an attorney. Depending on the situation you might be entitled to compensation for your losses. An attorney can help you understand your rights and help determine the best course of legal action.
If you sustained investment losses after investing with Barbara Borowsky or another broker accused of misconduct, call our office to speak directly with an attorney. Contact our office at (614) 532-4576 to schedule a free, no-obligation consultation.
