Stockbroker Fraud - Unauthorized Trades

When we hire investment professionals like brokers and advisors, we expect they will act in an ethical manner. These types of business arrangements are nearly always signed into contract that helps specify exactly how the advisor is to act, and how to make trades on behalf of the client. However, brokers don’t always act in the best interest of their clients. In some cases, a broker may buy or sell investments on behalf of their clients that were never authorized and later result in significant economic losses for the client. This is known as unauthorized trading, and may be illegal. If you believe your investment advisor acted outside the scope of your previously agreed to contract and you suffered an economic loss, you may be entitled to money damages from your broker. To find out your legal options contact an experienced attorney today.