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What is Stockbroker Malpractice?
Over the years many individuals have made their fortunes or lost everything in the arena known as the "Stock Market". However, it is important to
remember that the market is not Las Vegas and today's investors have varying objectives, goals and ideas as to what they want their money to do. Unfortunately, not all investors
find their objectives adhered to by their advisors or stockbroker.
In many instances, stockbrokers fail to recognize their fiduciary obligations to their investors. This unfortunate reality will commonly result
in substantial financial losses to their investors' accounts.
A few examples of stockbroker malpractice include:
- Recommending unsuitable investments
- Excessive trading to produce commissions (churning)
- Unauthorized training
These and other acts of broker misconduct are actionable, making any lost investment funds potentially recoverable.
Please contact our office with any questions concerning losses in your account.
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HAS YOUR BROKER:
- Recommended an investment without properly investigating the investment or made exaggerated, unwarranted
or misleading statements concerning the investment?
- Guaranteed future values of securities or made price predictions or guarantees against future losses?
- Engaged in excessive trading within your account(s) which resulted in high broker commissions?
- Entered an order without obtaining your express and detailed permission prior to the trade?
- Induced you to buy or sell a security based upon a rumor?
- Misappropriated or embezzled funds from your account?
- Recommended investments which clearly did not conform with your investment objectives or investor profile?
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