If you have suffered losses investing with Michigan stockbroker Jack McBride, you may be able to recover your loses through FINRA arbitration or securities litigation.

According to a FINRA report, former Ameriprise stockbroker Jack McBride has recently been sued for allegedly investing his clients money in risky ETFs and ETNs (exchange traded funds or exchange traded notes) that were unsuitable, and in some instances prohibited by firm policy.

Stockbrokers like Jack McBride have a regulatory obligation to recommend investments that are suitable for their customers, and to only sell investments that are approved by their firm. In addition, brokerage firms like Ameriprise Financial was registered with have a regulatory duty to strictly supervise stockbrokers. In cases where a stockbroker sells securities not-approved by the firm, the brokerage firm itself may be held liable for “selling away” if investors suffer losses in unapproved investments. As a result, investors who lost money with Jack McBride may be able to recover their investment losses through FINRA arbitration.

If you are an investor that has suffered losses investing with Jack McBride, 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.