Client Reviews

Library

Investor News

Recent Blog Posts

One of the Worst Things You Can Do When You Suspect Broker Fraud

For whatever reason, you have reached the point where you suspect broker fraud. It could be that your broker made a transaction without your permission or recommended unsuitable investments. No matter what has led you to this place, it is imperative that you understand that there are certain actions you need to avoid.

What you should not do when you believe you are the victim of broker misconduct...


  • Send your broker a letter. It may seem logical that you would simply write your broker or brokerage firm a letter stating your concerns, but that is one of the worst actions you can take. A written letter could actually hurt your case, instead of helping it. The defense lawyers for the brokerage firm might use your letter during the arbitration hearing to discredit your claim. If you are considering writing a complaint letter, we strongly urge you to contact a broker fraud attorney first. This warning also applies to emails.

  • Work with your broker after you suspect something is wrong. If you continue to work with your broker, it can weaken your claim. Once you have reason to believe your broker caused you to lose money, stop working with him or her and contact a lawyer.

  • Agree to a recorded conversation with your broker. Your broker will be prepped on what he or she should say during the call. If you agree to a recorded discussion with your broker, you could make a statement that negatively affects your case.

What you should do when you suspect stockbroker fraud...

  • Contact a securities arbitration attorney. Broker misconduct cases are typically handled in mandatory securities arbitration. The brokerage firm will employ the help of sophisticated defense lawyers who will dispute your claim. It is important that an experienced attorney represents you.


To schedule a free case evaluation with a stockbroker arbitration attorney from our office, contact us by calling 866-827-6537 or filling out our online form.

Our Book

Follow Us on:

Join us on FacebookFollow us on Twitter Watch us on YouTube Join us on Avvo Join us on LinkedIn

Quick Facts

  • Our six lawyer firm is devoted solely to investor claims and class actions.
  • Every securities arbitration/litigation client that hires our firm is assigned two lawyers to their case.
  • Our lawyers have over 50 years of collective legal experience.
  • Mr. Meyer won the largest jury verdict ever in the state of Ohio - $260 million verdict against Prudential Securities.
  • The firm employs a full time investigator on staff.

FAQs

Web Resources

More