Common Signs of Stock Broker Fraud

Representing Investors Nationwide

Stock broker fraud can be devastating to your finances and can leave you feeling betrayed and unsure of what to do next. Stock broker fraud, also known as investment fraud, occurs when stock brokers mismanage your funds or make financial decisions that benefit the broker more than they benefit the client. Any actions that are taken by the stock broker that benefit the broker most, are harmful to the client, are unapproved or excessive, can be considered stock broker fraud. These types of fraud may be difficult to detect for some time.

Different types of stock broker fraud include:

  • Misrepresentations and omissions when stock brokers intentionally leave out information or give misleading information to their clients which leads to them making unwise or uninformed decisions
  • Unsuitable recommendations when stock brokers recommend investments that do not align to their client's goals
  • Overconcentration when stock brokers invest too heavily in one company or market which can have devastating impacts to a client
  • Excessive trading when stock brokers continue to excessively buy and sell stocks which holds little or no benefit to the client but greatly benefits the broker by increasing their profits
  • Breach of fiduciary duty when a stock broker makes any number of decisions that doesn't put the welfare of your finances above all else when making those decisions

If you or someone you love believes that you have been the victim of stock broker fraud, you are not alone. Please contact Colling, Gilbert, Wright and Carter today at (855) 456-0066 for a free consultation with one of our stock broker fraud attorneys. Our attorneys can help determine whether you have been the victim of stock broker fraud, the type of case to pursue and help you fight for the compensation that you deserve and help you regain financial stability.