The allegations read: Allegations pertain to an investment in an alternative product, intended to be a small component of a larger diversified portfolio. The investment was made between 2/2020 and 1/2021. Unfortunately, the company that issued the investment has since filed chapter 11 bankruptcy. As a result, the clients are alleging breach of fiduciary duty, violations of regulation best interest, violation of finra rules 2010, 2120, 2111.05(a), 3110, negligence, negligent supervision, breach of contract and vicarious liability.
