Have you endured substantial stock market losses and believe you were misled by your stockbroker? If so, get help from a stockbroker misrepresentation lawyer and work to obtain the repayment you’re entitled to.
The duty of fair dealing explicitly states that brokers have an obligation to act in the best interests of their investors, but when a stockbroker omits crucial information or misrepresents material facts, they are not only engaging in stockbroker misconduct, they are putting your investments at risk.
When you discover that you’ve lost more than $100,000 due to broker misrepresentation, it’s time to take matters into your own hands.
When you reach out to a renowned broker misrepresentation lawyer at Meissner Associates, you can be sure that you’re doing everything possible to not only recover the funds you lost but to hold your broker accountable for their unscrupulous business practices. Read on to learn more about stockbroker misrepresentation and your FINRA arbitration hearing.
What Is Stockbroker Misrepresentation?
Any time your broker essentially lies to you about the details of a potential investment or transaction, or if they omit pertinent information that would influence your decision to authorize a sale, purchase, or trade, they are committing broker misrepresentation.
More often than not, it isn’t until an investor loses money or has trouble liquidating their investments that the misrepresentation is discovered. At this point, you will need to reach out to your broker and ask for information that can back up the representations they made to you.
From there, reach out to your lawyer as soon as possible so we can begin preparing your FINRA complaint and be one step closer to working to secure the remuneration that is rightfully yours.
What You Can Do to Hold Your Stockbroker Accountable
If you want to do everything you can to not only get your money back but bring your scheming stockbroker to justice, you will need to file an arbitration claim through FINRA. Here, you’ll be given a hearing in front of a panel of three FINRA arbitrators.
Similar to what you would expect in court, both sides will present their case, with your lawyer presenting evidence that demonstrates broker misrepresentation, while the defense will likely argue that they represented investments appropriately.
Once the arbitrators have all the information they need, they will review the evidence presented to determine whether misrepresentation has occurred, to what extent, and how much you’re entitled to recover if your broker did engage in misrepresentation.
However, it is important to note that arbitration does not necessarily guarantee that you’ll be awarded repayment in a timely manner. In fact, once the arbitrators have the information they need, it can take over twelve months for your case to then be resolved.
Get Help from a Broker Misrepresentation Attorney
When your stockbroker led you in the wrong direction or intended to mislead you for their own financial gain, they should be compelled to repay you for your stock losses.
You can work with a broker misrepresentation lawyer at Meissner Associates and file a complaint with FINRA to attempt to achieve the compensation you deserve. Schedule your free claim review today by completing the brief contact form below or by giving our firm a call at 212-764-3100.