These scams include life insurance fraud and unsuitable investments.

Most cases involve unsuitable investments and broker misrepresentation of the level of risk.

The unsuitable investment of such funds could be spotted quickly and would be an admission of inept banking practice.

The Government action said investors were harmed by excessive trading, misrepresentations and unsuitable investments sold to them by brokers in nine branch offices.

Two are pending, one for making trades without a client's permission, the other for recommending an unsuitable investment.

Older people are particularly vulnerable to unsuitable investments.

Often my clients wound up in unsuitable investments.

Accusations by customers that brokerage firms recommended unsuitable investments rocketed last year.

But settlements are expected to be limited to investors who could prove that the partnerships were unsuitable investments for them.

This reduces the incentive to recommend unsuitable investments.