What are Signs of Stockbroker Misconduct?
When you entrust your money with a stockbroker you expect a high level of professionalism, honesty, and trust. After all, you’re taking finances you’ve worked hard to accumulate and placing it in the hands of an individual whose job is to manage it on your behalf. But what happens when a stockbroker acts negligently or purposefully engages in misconduct with your money?
At Colling Gilbert Wright & Carter, our stockbroker fraud attorneys have over 80 years of collective professional legal experience helping individuals who’ve been the victim of investment fraud. We’ve handled individual and class action suits. We understand how serious this type of fraud can be on the livelihood of you and your family, and fight for you to hold the responsible party liable and get your money back.
Stockbroker misconduct and fraud happens when a stockbroker works in their own best interest by making inaccurate claims and suggestions. While not every trade recommendation that results in a stock market loss equals stockbroker misconduct or fraud, there are some clear behaviors that can be attributed to misconduct.
Understanding what constitutes fraudulent activity can help you take action to avoid future dealings with the fraudulent stockbroker and minimize your financial losses. Stockbroker misconduct and fraud may include:
- Making false statements
- Omitting important information
- Intentionally exaggerating
- Mischaracterizations of markets or stocks
- Failing to appropriately and quickly execute orders
- Performing unauthorized or excessive trades
Because it can be hard to prove misconduct or fraud on behalf of your broker, it’s important to seek the counsel of experienced attorneys with the knowledge and skills to determine if fraud has been committed. Our securities fraud attorneys are here to help you reclaim your financial well-being.
If you believe you’ve been the victim of stockbroker misconduct or fraud, contact us today at 407-712-7300 to schedule a free consultation. We will help establish if you have a claim and fight to get back what you’re owed. We proudly represent clients in Orlando, FL and nationwide.