Stockbroker Fraud - Failure to Place an Order
Full Video Transcript
Investment advisors and brokers can lead stress-filled lives, especially when they manage the funds of multiple clients or clients with huge portfolios. It’s because of this hectic life that sometimes these brokers can make mistakes that can lead to significant economic losses for their clients. For example, if you wanted to buy a certain stock, you might call your broker, who would agree to purchase the stock on your behalf. If later the stock significantly increased in value you would be very upset if you learned your broker had never made the purchase. In cases where a broker’s negligence or recklessness prevented them from following through with a transaction, their clients may be able to sue them for their failure to place the order. If you believe you are the victim of this type of behavior, contact an experienced attorney to find out your legal options.