Broker Fraud Lawyers
When a stockbroker purposely provides an investor with false or incomplete information in order to benefit at the investor’s expense, he or she is committing broker fraud. Unfortunately, broker fraud seems to run rampant within the investment industry at all levels of trading, putting investors at great risk of financial loss.
Brokers have a responsibility to provide their clients with honest and accurate information regarding securities investments. If you suspect or have evidence of broker fraud, our class-action broker fraud lawyers of Feazell & Tighe, LLP, are committed to pursuing your case. Contact us today at 877-508-0588 to discuss your case directly with a committed securities fraud attorney.
Types of Broker Fraud
Investors put a great deal of trust in their brokers to handle their investments responsibly and within the bounds of the law. When stockbrokers violate this trust to reap profits for themselves or for the brokerage firm, they are guilty of broker fraud. Some common acts of broker fraud include:
- Misrepresenting or omitting facts regarding investments
- Making investment suggestions that are not suitable for an investor’s needs or accepted level of risk
- Unnecessarily buying or selling stock to gain greater commission payments
- Concentrating an investor’s stock portfolio excessively in a single stock or a few stocks
- Acting without the client’s permission or violating his or her explicit instructions
All of these acts are not only violations of an investor’s trust, but are also negligent and illegal acts for which a broker may face civil penalties.
Contact Us
If you or someone you know has been defrauded by a stockbroker, you have the right to pursue financial compensation for damages. To discuss your legal rights and options with an experienced class-action broker fraud attorney, don’t hesitate to contact the law office of Feazell & Tighe, LLP, today at 877-508-0588.
