When you have been the victim of an irresponsible stockbroker or brokerage firm, you have the right to hold them to account for your stock losses. Get help doing so with the assistance of a qualified investment loss attorney.
Stock market losses are not uncommon in and of themselves, but when an investor loses out due to the reckless or negligent actions of their broker, they should be compensated for those losses.
Unfortunately, stockbrokers and other financial advisors can often commit such fraud unnoticed for months or even years before their unscrupulous actions catch up to them. But when they do, you’ll have a highly trained investment loss lawyer in your corner, fighting for the restitution you deserve.
Choosing to work with Meissner Associates to recover your stock losses could make all the difference in the outcome of your Financial Industry Regulatory Authority (FINRA) arbitration hearing.
Your Broker’s Duty of Fair Dealing
The duty of fair dealing refers to a stockbroker’s obligation to always prioritize their clients’ best interests. There are several components that comprise the duty of fair dealing, some of which include:
- Managing client investment portfolios
- Making suitable investment recommendations
- Providing investment suggestions that align with a client’s objectives
- Researching financial markets
- Keeping clients informed of potential conflicts of interest
When you first began working with your stockbroker or investment planning company, they should have opened up an investment portfolio and gone over the goals you have for your investments. Your broker will then use this information to investigate suitable investment opportunities so you can accomplish these goals.
However, some brokerage firms actually encourage their brokers to engage in certain types of misconduct for their own financial gain. In turn, this causes stockbrokers to feel pressured to make unsuitable investment recommendations that nearly always result in an investment loss. When this happens to you, there are steps you can take to recoup some or all of these losses.
Schemes That Can Result in Stock Loss
Due to the fact that fraudulent activity in investment firms occurs so frequently, there are numerous types of fraud that brokers and corporations can engage in, some more commonly than others. We typically see stockbroker misconduct in the following ways:
- Churning, also known as excessive trading
- Excessive use of margins
- Making unsuitable recommendations
- Failure to supervise
- Selling away
These are just a few of the different ways your stockbroker could be defrauding you. When you discover a large stock loss and you suspect it was caused not by the fluctuating stock market but by your stockbroker’s negligence, consult with an attorney who can help you pursue Financial Industry Regulatory Authority arbitration.
Speak with an Experienced Investment Loss Attorney
If you have discovered investment losses that are greater than $100,000, a highly trained investment loss lawyer at Meissner Associates can help you file a FINRA arbitration claim to seek the compensation that is rightfully yours. You can fill out the confidential contact form we’ve included on this page, or give our office a call at 212-764-3100 to schedule your free case review as soon as possible.