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.