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

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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!

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