What is Broker Fraud?

Broker fraud includes theft, lying and deceit, but it also includes other types of wrongdoing, such as churning, unauthorized transactions, unsuitable investments and other acts of greed, incompetence and negligence by stockbrokers, financial planners, and others in the securities industry. Common forms of broker misconduct .

There are regulations and laws written to protect investors. Securities regulators police the securities industry and issue fines and suspensions. To recover their losses investors must file claims for recovery. Statistics demonstrate that they are far more likely to recover if they are represented by experienced attorneys. Since investors sign account documents at brokerage firms which almost always contain binding arbitration clauses, most claims against brokerage firms must be resolved in securities arbitration instead of court. Learn more about securities arbitration .

Our primary goal is to represent investors who have lost their savings and retirement when their brokerage accounts were mishandled. Our firm has represented thousands of clients nationwide who were victims of misrepresentations, commission churning, unsuitable investments, unauthorized transactions, execution failures, excessive mark-ups, disappearing funds, botched transfers, web-broker outages, selling away from firms, unregistered brokers, unregistered securities, improper margin liquidations, broker bribes, fraudulent research, boiler room sales practices and other wrongful acts. Those cases were concerning stocks, bonds, penny stocks, junk bonds, options, warrants, commodities, mutual funds, REIT’s, limited partnerships, derivative securities and other investments. We have also handled other types of cases for investors and minority shareholders. More about our firm .

Check out your stockbroker from our list of recent NASD enforcement actions. Click here to learn why the SEC doesn’t help defrauded investors and why you need to hire a securities lawyer to help you recover your losses.

Click here to learn about common mistakes that investors make when interacting with brokers after they suspect something is wrong.

Click here if you want to know how retirees are targets for unethical money managers. Here is some information about annuities. a prime investment product sold by stockbrokers in recent years partly because of the large commissions the sales generate.