If you have suffered trading losses with New York-based Jason H. Klabal, you may be able to recovery your losses through Financial Industry Regulatory Authority (FINRA) arbitration or securities litigation.

According to FINRA reports, Jason Klabal has been the subject of several customer complaints alleging excessive or unsuitable trading in his customer’s accounts as well as allegedly making misrepresentations regarding investment products to customers while registered with Legend Securities, Inc.

Stockbrokers like Jason Klabal have a regulatory obligation to only recommend or engage in transactions that are suitable for their customers and to ensure that any recommendation to purchase investment products are suitable for the needs of each customer.  Moreover, they also have an obligation not to excessively trade their customer accounts. If there is too much trading in a customer account, this excessive trading might be considered a type of stockbroker misconduct called “churning”. Churning occurs when a broker engages in excessive buying and selling in a customer’s account  to generate commissions that solely benefit the broker.  Frequent in-and-out purchases and sales of securities that don’t appear necessary to fulfill the customer’s investment goals may be evidence of churning.

If you are an investor who has suffered losses investing with Jason H. Klabal, you may be able to recover your losses through FINRA arbitration or securities litigation.  Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.

Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.