Sonn Law Group is investigating Christian De Berardinis (CRD# 4312327) and Gianluca De Beradinis (CRD# 4893776) of The De Barrdinis Group regarding allegations of recommendations of the use of an investment strategy that included the use margin loans and other leverage, combined with growth stocks and illiquid investments.
If you suffered losses caused by your financial advisor’s recommendations, please feel free to contact Sonn Law Group for a free consultation.
On June 5, 2019, the SEC adopted the Regulation Best Interest Rule Package, consisting of (i) Regulation Best Interest: The Broker-Dealer Standard of Conduct (“Reg. BI”); (ii) Form CRS Relationship Summary and Amendments to Form ADV; (iii) the SEC Interpretation
Regarding Standard of Conduct for Investment Advisers; and (iv) the SEC Interpretation Regarding the “Solely Incidental” Prong of the Broker-Dealer Exclusion from the Definition of Investment Adviser. Brokers were obligated to begin complying with Reg. BI on June 30, 2020.
Regulation BI contains four component duties for brokers and firms: Disclosure, Care, Conflicts of Interest, and Compliance. Regulation BI sets forth duties to which a broker and firm must adhere. Therefore, these obligations may be used to support a claim for negligence for a recommendation that is not in the investor’s best interests, as well as the firm’s failure to supervise.
If you feel your financial advisor failed to act in your best interests, and you lost at least $200,000 or more, contact Sonn Law Group for a free consultation. We represent investors, nationwide and even overseas investors who opened account with US brokerage companies. Call 305-912-3000 for a free consultation.