Unsuitable Investment Recommendations by Commonwealth Financial Network Broker Edward Sokolowski

Commonwealth Financial Network

Commonwealth Financial NetworkWere you the victim of Commonwealth Financial Network broker Edward Sokolowski (CRD# 2221001) who is accused of unsuitable investment recommendations? He has been registered with Commonwealth Financial Network in Ludlow, Massachusetts since 1999.

Edward Sokolowski Customer Complaints

He has been the subject of one customer complaint, according to his CRD report:

January 2022. “Claimants allege that sales of certain alternative investments and a variable life insurance policy were unsuitable and that their portfolio was not sufficiently diversified.” The customer is seeking $200,000 in damages and the case is currently pending. The complaint was regarding insurance, real estate securities, and business development companies investment losses. 

Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Commonwealth Financial Network may be liable for investment or other losses suffered by Edward Sokolowski’s customers.

Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.