Investors filed four lawsuits in a three-year period concerning investment advice of Bart Harrison. These suits all allege that the recommendations were unsuitable in violation or either the FINRA suitability rule or Regulation BI. Harrison is a representative of Emerson Equity.
At least one of these lawsuits concerning the recommendation of a Delaware Statutory Trust (DST). Emerson Equity, Harrison’s employer, has come under fire recently for recommending investment into certain DSTs the Emerson, allegedly, has not sufficiently researched or vetted.
Failure to conduct sufficient investigation into an investment is a regulatory violation and can constitute negligence on behalf of a broker or brokerage.
Jeffrey Pederson represents investors in such suits and has been doing so for over 20 years. Please call for a consultation.
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