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William Tatro Allegedly Sold Unsuitable Investments

William Tatro Allegedly Sold Unsuitable Investments January 12, 2012. By Heidi Turner.
Rochester, NY Investors who have filed an arbitration against William Tatro allege he repeatedly recommended unsuitable investments for his clients. They allege that the use of a real estate investment trust as investments, as well as inverse leveraged exchange traded funds, was entirely unsuitable given investors' age and financial situation, and that Bill Tatro should have known that. They further allege that most—if not all—of Tatro's clients were given the same recommendations, despite investors being told that each account is tailored to the individual investor's needs.
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Ex-UBS Trader Changes Legal Teams for REIT Fraud Case

Ex-UBS Trader Changes Legal Teams for REIT Fraud Case December 22, 2011. By Charles Benson.
London, England Former UBS employee Kweku Adoboli has switched legal teams prior to his court appearance next week, as the trader is heading to trial over a REIT fraud claim, according to Reuters.
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William Tatro Arbitration Filed

William Tatro Arbitration Filed December 15, 2011. By Heidi Turner.
Ithaca, NY An arbitration claim has been filed against William Tatro, alleging Bill Tatro and his securities firms invested clients' money in financial vehicles that were unsuitable for the investors. Included in the arbitration are, reportedly, multiple former William Tatro clients, who claim they lost a good portion of their life savings to alleged William Tatro fraud.
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High-Risk Investments Like Giving a Dragster to a Granny

High-Risk Investments Like Giving a Dragster to a Granny December 2, 2011. By Gordon Gibb.
New York, NY The requirement and responsibility for any financial advisor to be sensitive to an investor's risk tolerance is akin to a mechanic performing an appropriate fix on an elderly widow's staid Crown Victoria. Thus, the allegations surrounding Bill Tatro and Eagle Steward are not far removed from a scenario that sees our kindly widow getting her car back outfitted with a souped-up, turbocharged Hemi with mag wheels, air spoiler and hydraulic shocks.
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Former William Tatro Clients Allege Unsuitable Investments

Former William Tatro Clients Allege Unsuitable Investments November 24, 2011. By Heidi Turner.
Rochester, NY When clients make allegations of inappropriate investments, such as the allegations against William Tatro, it can be easy to dismiss the complaints as being made by disgruntled former Bill Tatro and Eagle Steward clients. But behind some allegations are claims of large sums of money being lost in unsuitable investments and finances being devastated as a result.
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Executive Nabbed in Real Estate Investment Trust Fraud Case

Executive Nabbed in Real Estate Investment Trust Fraud Case November 16, 2011. By Charles Benson.
Dallas, TX The co-founder of the Golden Gate Real Estate Investment Trust, who had been on the run after being convicted of fraud by a Dallas, Texas jury in April, was recently arrested by authorities in Fort Lauderdale, Florida, according to Courthouse News Service.
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Former Clients File Arbitrations against William Tatro

Former Clients File Arbitrations against William Tatro November 9, 2011. By Heidi Turner.
Rochester, NY When stockbrokers and financial advisors such as William Tatro allegedly fail to recommend suitable investments for their clients, their clients may be eligible to file arbitration claims against them to recover money lost to those unsuitable investments. According to some reports, Bill Tatro and his firm, Eagle Steward, have repeatedly recommended unsuitable investments to clients, allegedly costing some clients most or all of their life savings.
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Attorney: "People's Financial Lives Ruined" by Unsuitable Investments

Attorney: "People's Financial Lives Ruined" by Unsuitable Investments October 25, 2011. By Heidi Turner.
Rochester, NY When clients turn to a financial advisor like William Tatro, or a financial firm such as Eagle Steward or First Allied Securities, they expect their money will be put in investments suitable to their risk tolerance and financial needs. An unsuitable investment is one that goes against the client's risk tolerance and financial needs. For example, a retired person can tolerate a lower degree of risk and may require more access to his money than a younger investor, meaning the retired person's account should have a low degree of risk and easy accessibility.
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