Miami Stockbroker Misconduct Attorneys

Examples of stockbroker theft include:

• Withdrawing money from an investor account for the broker’s personal use
• “Borrowing” money from an investor account with promises to repay it at a future date
• Misappropriating funds
• Ponzi schemes
• Transferring cash or stocks without authorization
• Selling outside investments that are not part of the brokerage firm’s offerings
• Affinity fraud (investment scams directed toward certain religious or ethnic groups, professions, or the elderly)
• Forging checks

Unfortunately, many brokers, brokerage firms and financial advisors engage in unethical and unprofessional behavior. Broker theft, forgery, financial fraud and other forms of criminal activity do occur that taint the entire profession. When broker theft occurs, resolute legal action should follow under the guidance of a trusted Miami broker theft and financial fraud attorney experienced in securities arbitration, litigation, and financial industry legal matters.

Learn more about how to spot the signs of stockbroker misconduct and protect yourself by reading our article: "7 Tips to Avoid Being Ripped Off by Your Stock Broker"

FINRA Rules and Legal Protection for Investors

The Financial Industry Regulatory Authority ("FINRA") writes and enforces rules for stockbrokers in the interest of protecting consumers. If a broker or brokerage firm fails to comply with these rules and regulations, investors may be entitled to file a claim for damages in order to recover their investment losses.

Using FINRA's BrokerCheck tool, you can browse the list of brokers who have been barred by FINRA. You can also search for individuals by name to determine if the SEC ("U.S. Securities and Exchange Commission") has brought formal actions against them.

If you have been wronged by an investor, you have a right to legal representation. Levin Law is here to help investors navigate these complex legal matters and pursue the compensation they deserve.