Stockbroker Fraud

When pursuing arbitration for a securities fraud claim, there are normally multiple violations listed in the complaint against a broker. If a broker has engaged in one of many types of wrongdoing, it may be considered a case of stockbroker fraud. These offenses include, but are not limited to, the following:

• Fraudulent Statements and Omissions
• Selling Away
• Unsuitable Investments
• Churning
• Overconcentration
• Breach of Fiduciary Duty
• Breach of Promise/Contract
• Unauthorized Trading
• Theft from Your Account

Brokers are held to a high standard of conduct under the law due to the significant responsibility clients must entrust in them to handle personal assets. If your broker has committed any one of these offenses or otherwise acted inappropriately, you may have grounds for a securities law claim.

Brokers must be licensed and registered in order for governing bodies to maintain oversight of their actions, and to protect you, the investor. FINRA BrokerCheck is a great tool to look up your broker and make sure that they are FINRA compliant. In addition to these types of stockbroker fraud, there are offenses that rest on the responsibility of the firms that register brokers. If your broker has committed financial fraud, their brokerage firm may also be held responsible for the offenses due to a failure to notice or prevent broker misconduct. In order to receive the fullest recovery possible, it is important to consult professional legal help when establishing a securities law claim. Contact us now for a free, confidential case evaluation to discuss stockbroker fraud or inquire as to who may be held liable for wrongdoing.