How do I know if my broker was negligent?
When it comes to a broker negligence claim, the main issue that is evaluated
is whether the broker’s conduct fell below the acceptable level
of care, meaning the broker did something that a reasonable, prudent person
would not have done in the same situation. Negligence does not have to
be intentional. For example, if your broker failed to monitor your accounts
to prevent potential consequences from taking place and you lost money
as a result, the broker’s actions could be considered negligent.
If you have experienced financial loss due to the negligence of your broker,
you may be able to hold the brokerage firm liable. Broker negligence cases
are generally handled in arbitration before the Financial Industry Regulatory
Authority (FINRA). Our broker negligence lawyers are licensed in Ohio,
California, and Michigan, and we represent investors nationwide in securities
arbitration and litigation claims. For a free case evaluation, contact
us by filling out
our online form.
Before you invest, we encourage you to research your broker by searching
their CRD number. Learn more about CRD numbers and why they are important
by viewing Attorney Dave Meyer's video below.