In recent years, “financial wellness programs” have become a hot trend in employee benefits. Marketed as tools to improve employee retention, reduce financial stress, and promote smarter money management, these programs are often bundled with investment advisory services, insurance offerings, or “free” financial consultations.
Customer Suitability Claims Against Financial Advisors and Broker-Dealers in FINRA Arbitrations: Key Considerations, Risks, and Advantages
The Financial Industry Regulatory Authority (FINRA) arbitration process is the primary forum for resolving disputes between investors and financial professionals, including financial advisors and broker-dealers. Among the most common claims in FINRA arbitration are customer suitability claims, in which investors allege that their financial advisor recommended investments that were inappropriate...