California-based Hilltop Securities Broker Justin Parker Under Investigation Following a Customer Compliant Alleging Unsuitable Investment Recommendations and Elder Abuse

Justin W Parker

CRD#1307813

Silver Law Group is investigating Del Mar, California-based Hilltop broker Justin Parker following a customer complaint alleging unsuitable investment recommendations, churning and elder abuse.

According to FINRA’s BrokerCheck report Parker, a complaint was received in August of 2017 alleging that Parker had provided unsuitable investment recommendations, churning and elder abuse, the complaint alleges $9,500,000 in damages. This complaint is currently pending FINRA arbitration.

Parker is currently employed by Hilltop Securities at their Del Mar, CA office, where he has been employed since 2008.

An unsuitable recommendation is a serious form of potential broker misconduct.  A broker’s employing firm is responsible for overseeing the broker to prevent such misconduct.  Failure to supervise is a claim made against a brokerage firm in these situations.

Elder financial abuse can occur when a financial advisor takes advantage of a because of their age or other factors.

Also, among other investment tenets, brokers are required to recommend suitable investments to their customers. This requires that the broker: Investigates and conducts due diligence into the investment’s attributes including its benefits, risks, tax consequences, and other relevant factors to form a reasonable basis for the recommendation of the product; and appropriately matches the investment with the customer’s specific investment needs and objectives, such as the customer’s retirement status, long or short-term goals, age, disability, income needs, or any other relevant factors.

When a broker or brokerage firm fails to recommend investments to its customers along those guidelines, there must be accountability.  If you have lost money on an investment that did not fit your investment profile, you may be able to recover some or all of your lost money.

FINRA arbitration is a fast, efficient way to recover your lost investment funds due to unsuitable investment recommendation or unauthorized trading.  The Silver Law Group works on a contingency fee basis, meaning you pay us nothing unless we recover money for you.

If you invested with Hilltop Securities and Justin Parker and have lost money doing so, you may be able to recover some or all of your losses. We are experienced in recovering investor losses due to broker/brokerage firm misconduct and mismanagement through FINRA arbitration.

Silver Law Group represents the interests of investors who have been the victims of investment fraud.  If you have questions about your legal rights, please contact Scott Silver of the Silver Law Group for a free consultation at ssilver@silverlaw.com or toll-free at (800) 975-4345.