Stockbroker Jimmy Makris of Clearwater, Florida is involved in legal disputes with at least four customers who allege that Makris recommended unsuitable investments to them. Makris has previously settled two claims involving allegations that he recommended unsuitable investments. Makris was most recently associated with the brokerage firm Calton & Associates, Inc.
Stockbrokers have a duty to recommend suitable investments and investment strategies to their clients. A recommendation is only suitable if it comports with the client’s investment objectives, risk tolerance, investment experience, investment time horizon, liquidity needs, and income needs. Together these considerations form the investor’s unique “investment profile.” The duty to recommend suitable investments cannot be disclaimed through risk disclosures or waivers.
If you have suffered investment losses as a result of the malpractice or misconduct of Jimmy Makris and/or Calton & Associates, our experienced team of securities attorneys may be able to assist you in recovering some or all of your losses. Call us toll-free at 888-607-4819 for a free consultation or email us through our “Contact” page to schedule a free consultation.