In St. Louis, Missouri, the Goldblatt Law Firm is able to handle many different types of stockbroker fraud cases, including churning, unauthorized transactions, misrepresentation and other forms of broker fraud. Stockbroker fraud occurs when a broker mishandles your investment account either from negligence for by influencing you, the investor, to buy or sell stocks and securities when it is not advantageous for you to do so. It is also fraud if the stockbroker actually initiates transactions without your permission.
The term stockbroker is used, but more often people are just using broker or rep instead. Your stockbroker or broker, if associated with the professional organization, FINRA, has passed an exam called the General Securities Examination, and is probably employed by a registered brokerage firm that is a member of FINRA. As a trusting investor, you should be able to expect that any such stockbroker would be representing your best interests and acting in an ethical and legal manner. This is not always the case.
If you haven’t yet put your savings into the hands of a broker, you can do a check on the firms and brokers you are considering by visiting the website of FINRA. There, you can look at the backgrounds of both individual brokers and brokerage firms. By doing this broker check first, you could save yourself a great deal of heartache and headaches in terms of losses and possible claims for stockbroker fraud.
If your broker has engaged in any activities that have led to your financial loss, such as manipulating you into making sales or purchases while knowing full well that they would not be of benefit to you and might even have advanced them financially at your cost, the sooner you contact a legal expert in the area of stockbroker fraud, the better it will be for your case. In St. Louis, broker fraud attorney Steve Goldblatt will be able to meet with you to review your individual concerns and to determine whether you have a potential claim against the broker, the firm, or both.
If you have depended on the advice and expertise of an investment professional and you have been wronged by that individual stock broker or by a scam planned by the brokerage firm, stock fraud laws protect you.
Call our offices at 314-288-8455 or complete our online form for a consultation.