Stock Broker Negligence

Has a stock broker invested your money into a risky stock against your wishes? A stock broker is supposed to keep the investor's best interests at heart. Additionally, a broker must be aware of the investor's financial situation when handling their investments. A broker that invests unwisely in risky stock without authorization is not only being careless, but could also incur heavy financial losses for the investor. Hiring a securities lawyer to mount your case is a crucial step to take in order to recoup some of the financial assets lost due to stock broker negligence.

Have you or someone you know been affected by stock broker negligence? If so, contact one of our experienced securities lawyers in your area today!

Some instances of stock broker negligence include:

• Lack of Suitability
• Churning
• Unauthorized Trading
• Failure to Supervise
• Failure to Execute
• Selling Away

Negligence continues to create substantial financial losses for investors across the United States. The National Association of Securities Dealers has recently stated that the number of arbitration cases involving broker negligence and fraud has steadily increased in the US from 5,558 cases being filed in 2000 to 7,704 cases filed in 2002. In all of these cases, the broker that the investor had trusted with their assets had betrayed their trust through incompetence, neglect, or fraud.

While the stock market and the trading of securities is often a dicey endeavor to undertake, the lack of consideration and diligence on the part of a broker only makes matters worse. It is the duty of any broker to to execute customer instructions concerning assets with reasonable care. If they do not manage an investor's account with appropriate consideration, they should be held accountable for any unnecessary losses incurred.

Have you or someone you know been affected by stock broker negligence? If so, contact one of our experienced securities lawyers in your area today!

Updated: LW

Content Related to Topic

• SEC Chairman Cox Announces Creation of New Office, Appointment of Leaders, to Expedite Distribution of Billions to Injured Investors
  Securities and Exchange Commission Chairman Christopher Cox today announced the appointments of the
  
  
• SEC Institutes Enforcement Action Alleging Pump-and-Dump Scheme
  Park and Cantley aided and abetted and caused a pump-and-dump scheme involving the securities of Spear & Jackson, Inc
  
  
• SEC Charges Tenet Healthcare Corporation With Concealing Scheme To Meet Earnings Targets
  To settle the charges, Tenet agreed to pay a civil penalty of $10 million
  
  
• Attorney General Gansler Shuts Down Multimillion Dollar Hedge Fund
  The complaint alleges that Williams and his companies used free lunch seminars to lure investors to his programs, raising over $9 million from more than 150 investors
  
  
• Ponzi Endures With Lure Of Riches
  He was putting the majority of the money into his own bank account and paying “dividends” to old investors with the cash from new investors.
  
  
• Dorchester Man Pleads Guilty To Mail Fraud
  Financial transactions in connection with an investment scheme that defrauded over 20 victims of approximately $800,000.
  
  
• Accused Fraud Artist Surrenders To Authorities After Being Indicted In $5 Million Investment Scam
  A transient who was indicted on fraud and money laundering charges for allegedly bilking several victims out of more than $5 million
  
  
• Denver Man Sentenced To 8 Years In Investment Scam
  Rather than use investor money for the purchase of real estate, Vecchiarelli used the funds for personal use.
  
  
• Actress Pleads Guilty To Covering Up Investment Scam
  Heruth pleaded guilty to a felony count of misprison of a felony, admitting that she made false statements to investigators
  
  
• Maryland Fraud, Misappropriation Of Customer Funds
  District of Maryland entered a consent order of permanent injunction (consent order) on February 28, 2005 against former Maryland resident
  
  

Have you or someone you know been affected by stock broker negligence? If so, contact one of our experienced securities lawyers in your area today!