Stock Broker Fraud
Stockbroker fraud can be a financially devastating event for an investor. Brokers have a fiduciary duty to do what is right for their clients and not place their own interests above their clients'. When a stockbroker's conduct is either intentional or negligent, and their client sustains losses, the client may be able to recover some or all of the lost money.
Stockbrokers and Financial Planners are normally paid on a commission basis. While the vast majority of them are honest, hard working, diligent individuals, rogue brokers and brokerage companies exist. When a broker is negligent or fraudulent in his/her business dealing with their clients, any losses sustained by the client may be recoverable under state or federal law. Not all losses are recoverable. Desmond Law Firm Professional Corporation will analyze the brokers' behavior and investments to determine if the loss is potentially recoverable.
Types of Stockbroker Misconduct include: Churning, Breach of Fiduciary Duty, Inappropriate Investments, Unauthorized Trading, Negligence, Breach of Contract, Fraud, Failure to Execute and Order, and Failure To Supervise A Broker.
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