New York, NY securities attorney Jenice L. Malecki talks about the obligations of a broker to conduct adequate due diligence on complex and alternative investments. She emphasizes that because these are complex investments, due diligence is critical. Unlike publicly traded market investments, where an investor can access financial information on platforms like Yahoo Finance and make informed decisions about a sector, these investments often involve intricate algorithms, structuring, tranches, and waterfalls that the average investor cannot easily understand or access. Therefore, due diligence at both the firm and broker levels is essential. Firms permitting the sale of such investments must ensure that brokers and advisors recommending them are properly trained to explain the associated risks clearly and that the transactions are sufficiently supervised to protect investors from potential harm.