An experienced investment fraud lawyer explains more about stockbroker
fraud and looks at the most common types of investment misconduct.
Ponzi schemes and fake investments aren’t the only ways fraudsters take advantage
of unsuspecting investors. Some unscrupulous brokers may take a more subtle
approach and try to engineer their clients’ accounts to line their
own pockets on the sly.
When it comes right down to it, stockbroker fraud is essentially a broker
acting in his or her own interest rather than acting with your interests
in mind. We hear about this frequently at Meyer Wilson.
Here are some of the most common types of
Unsuitability. When a broker recommends an investment, he or she should be taking your
financial situation and goals into account. If he or she does not, and
you end up losing money, you may have a case for misconduct.
Misrepresentation/Omission. If your broker leaves out important facts or gives misleading information
about an investment, it may be fraud.
Churning/Excessive trading. This trick is used by some unscrupulous brokers to generate extra commissions
for themselves at their clients’ expense.
Unauthorized trading. When a broker makes trades without your permission, it may be considered
If you believe that stockbroker misconduct led to your investment losses,
speak with an experienced investment fraud lawyer today. Meyer Wilson
has helped investment fraud victims nationwide recover their losses, and
we want to put our resources and experience to work for you and your family.
For more information about spotting Ponzi schemes and stock scams, request
your FREE copy of our book
Five Signs of Investment Fraud …And What to Do if it’s Happened to You.