If you have suffered investment losses with stockbroker Thomas J. Tedeschi, you may be able to recover your losses through FINRA arbitration or securities litigation.
According to FINRA reports, Thomas Tedeschi (CRD# 2379704) has been recently been named in several FINRA arbitration proceedings regarding (among other things) unauthorized trading, unsuitability, breach of fiduciary duty, and excessive trading (churning). Investors that have suffered trading losses with Tom Tedeschi may be able to recover some of those losses through FINRA arbitration.
Stockbrokers like Tom Tedeschi have a regulatory obligation to only recommend or engage in transactions that are suitable for their customers. 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 that has suffered losses investing with Thomas J. Tedeschi, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (312) 757-2272 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.investmentlossattorney.com.