Generally, stockbrokers and financial advisors are prohibited from making trades in your account without your express permission. Financial institutions such as brokerage firms and banks are liable for their financial advisors, bankers, and stockbrokers who cause losses through unauthorized trades.
If you believe you have been financially harmed by unauthorized trading, contact our attorneys immediately. Our lawyers have prosecuted many unauthorized trading claims, are well-versed in securities fraud, understand how to investigate these matters, and have demonstrated competence in investment fraud litigation and arbitration. At Levin Law, our Miami unauthorized trading attorneys have all of the above qualifications to help you seek financial recovery in such cases.
The Importance of Reviewing Your Account Statements
The Financial Industry Regulatory Authority (FINRA), the entity that governs the securities industry, has made it mandatory for brokers to provide clients with monthly account statements. You should be able to review all trades and other activity in your accounts by reviewing the account statements that your brokerage firm provides you. If you discover unauthorized trades, you should complain immediately to your brokerage firm.
Financial recovery may be available if:
- Trades were made without your approval
- Trades were made that did not align with your written directives
- Trades of an unsuitable nature were made that violated your risk tolerance, investment goals, or other aspects of your investor profile
Take Effective Legal Action Promptly
Levin Law can help you file for FINRA arbitration in seeking compensation for your financial losses. Our securities fraud attorneys can detect broker misconduct in all its forms. We can provide the legal advice and guidance needed to forward your case to the most optimum resolution possible based on the circumstances. We have built a strong reputation in this field based on our distinguished history of success.
Contact a Miami unauthorized trading attorney at (305) 402-9050 today. We look forward to speaking with you to determine your options through a free case evaluation.
