Selling away often stems from registered brokers who work in satellite offices for larger investment firms and have little oversight from or contact with their principal management. Selling away occurs when a broker or other registered financial advisor sells or solicits the sale of private securities not approved by the investment firm for which he or she works. Selling away is a breach of fiduciary duty that often results in substantial losses for innocent investors. Although each investor is unique, financial advisors and brokers have an obligation to recommend a well-diversified portfolio. Asset allocation, diversification through stocks, bonds, and cash, can reduce risk without sacrificing returns. FINRA and the SEC believe asset allocation and diversification are critical and vital to building a well-constructed portfolio.
This website is not intended for viewing or usage by European Union citizens. They’re tax-deferred, but if you withdraw any money ahead of time, there are steep charges. They’re a good money-maker for the insurer, who gets a generous up-front commission as well as annual trailer fees, plus fees charged for the mutual funds that are usually part of the annuity. When you hire a broker to handle your investments, you set things up by giving the broker information as to your tax needs and your investment goals. All brokers are required to ask you for this sort of information if you don’t volunteer it, because it forms the basis for their decisions in acting for you. If you find that your broker has been trading too much, and if you lose money as a result of that, you have the right to file a lawsuit.
Recovering Investment Losses in Cases Involving Broker
The Securities Act of 1933 regulates offers and sales of securities. suffered losses in Carvana stock requires companies to inform their investors of important financial information and prohibits misrepresentation and other fraudulent activities while selling publicly traded securities. If you suffered losses because of your advisor or the brokerage firm’s fraudulent actions, you could file a lawsuit to recover those losses.
Purchased, in your home country or a different country, problematic investments issued in the United States?
Robert Wayne Pearce and his legal team has experience handling all types of investment-related disputes, and they are prepared to help you too. I was very happy with the communication between the legal counsel and myself. If I had any questions I could leave it if not directly and I would have an answer within 24 hours by either email or a courtesy phone call. Also, the quick resolution of the matter was something I appreciate very much. The Business Trial Group handles investment and securities cases on a contingency-fee basis, so you do not need to pay any fees upfront to fund your case.
Not every stock loss is a case of fraud or broker misconduct, but if you have even the slightest suspicion, you owe it to yourself to find out. At the Boca Raton Law Office of Russell Forkey, we protect the rights of individuals and businesses throughout Florida who have been the victims of broker fraud or misconduct. We are acutely aware of the threats of elder financial abuse and are prepared to handle a diverse set of claims. If you believe your portfolio has lost money due to the negligence of a stockbroker or brokerage firm misconduct, you have rights. Until the litigation is well under way, it is impossible to determine what recovery might be possible, whether by settlement or following judgment at trial. Securities cases not dismissed for legal reasons at the outset of the litigation usually settle.