Silver Law Group is investigating claims against Garden State Securities, Inc. (“Garden State”) broker Jason E. Zwibel (“Zwibel”) for possible unsuitable investment recommendations. Zwibel is currently employed by the Garden State office located in Wellington, Florida.
A recent customer dispute filed with the Financial Industry Regulatory Authority (“FINRA”) against Zwibel alleges damages of $2,670,750.00 for unsuitable investments, negligence, and breach of fiduciary duty.
Registered brokers like Jason Zwibel are regulated by federal securities laws and FINRA rules and standards. The suitability of a particular investment is governed by FINRA Rules and require a broker to have “a reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable” based upon the investment profile of the customer meaning specifically: the customer’s age, other investments, financial situation and needs, tax status, investment objectives, investment experience, investment time horizon, liquidity needs, risk tolerance.
The suitability of an investment is determined based on an investor’s ability to understand and assume the risks associated with the investment. Brokerage firms and its brokers are required to recommend suitable investments to their customers based upon these factors.
Contact Our Firm if You’ve Invested with Jason E. Zwibel
If you invested with Jason E. Zwibel and believe you have lost money due to his misconduct, contact Scott L. Silver for a free evaluation of your potential claim toll-free (800) 975-4345 or e-mail him at SSilver@silverlaw.com. You may be able to file a claim to recover your losses through FINRA arbitration.
Silver Law Group is one of the nation’s leading firms representing individual and institutional investors in securities litigation and investment fraud cases involving breaches of fiduciary duty and other violations. Our attorneys have recovered millions of dollars from Wall Street firms and others for violations of the federal securities laws and violations of SEC and FINRA rules.