Common Questions Regarding Brokers
- Do brokers need authorization?
- Why do brokers sell away?
- What is a registered investment adviser?
- What is the difference between fee-only and fee-based brokers?
- Should I listen to my broker if he/she is recommending margin trading?
- Why is it important to know how my broker or financial advisor gets paid?
- My financial adviser has quite a few credentials. Does that mean he has more experience and knowledge than other financial professionals?
- I really want to invest, but I’m afraid brokers will take advantage of my lack of experience. How can I keep my money safe and avoid getting mixed up in an investment scam?
- My broker did not inform me of the risks associated with margin trading. I have lost money as a result. Can I hold the brokerage liable?
- I know avoiding securities fraud has a lot to do with finding out more about my broker, but what does my broker or financial advisor actually need to know about me?
- What is a broker CRD number?
- Why are CRD numbers important?
- I think my stockbroker misrepresented an investment. What do I have to do to prove it?
- My broker invested a large percentage of my portfolio in one asset class. As a result, I have lost a significant amount of money. Who is responsible?
- How do I know if my broker was negligent?
- I feel that the brokerage firm was not adequately supervising my broker and that is why I lost money on my investments. What should I do?
- My broker didn’t explain the potential risks involved in the investment he recommended. I ultimately lost money. Can I hold the brokerage firm responsible?
- My broker recommended an investment that didn’t fit my financial situation and I lost money. Can I hold the brokerage firm responsible?
