Unauthorized Stock Trades
Definition:
Unauthorized stock trading is a type of stock broker fraud or broker misconduct. An investor must give a stock broker permission to make a stock trade. Unauthorized stock trades occur when a stock broker buys or sells a security without receiving your authorization or permission to do so.
Consequences of Unauthorized Stock Trades:
Sometimes, even reputable brokers may take advantage of their freedom to purchase stocks in order to increase their profits. Some brokers engage in churning, or excessive stock trading to increase commissions. Failure to get authorization from an investor to trade stocks can lead to financial losses. If you suspect unauthorized stock trades, it is advised to report it to a business lawyer.What a Lawyer can do for you:
If you were victimized by unauthorized stock trades, a business lawyer can help. A business lawyer can help determine if you have a valid case and can represent you in recovering your financial losses. If your broker engaged in unauthorized stock trades, a business lawyer can assist you in making a claim against your broker.Lawyer Referral Service:
Business lawyers that practice unauthorized stock trade cases can help you recover financial losses. Contact Attorney Search Network today to find a business lawyer in your area today.
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