The term broker fraud covers a wide range of deceptive practices performed by a broker or advisor that often result in significant losses for the investor.
Broker fraud can occur in variety of situations. Common types of broker fraud are: misrepresentation or omission, unauthorized trading, stock manipulation, embezzlement, breach of fiduciary duty, and overconcentration.
Embezzlement is a type of fraud in which the embezzler, such as a broker, attains assets lawfully but then uses them for unintended purposes.
Some warning signs of broker fraud include: promises of high returns with little or no risk, pressure to invest immediately, unregistered investments, unlicensed investment professionals and firms, complex or secretive strategies, and difficulty receiving payments.
If you suspect broker misconduct, you should contact an investor rights attorney immediately who can review your case and help you decide on the best course of action.
Step 1.
Talk to an Experienced Attorney Today
Call and speak to one of our attorneys* for a no-cost consultation to discuss your situation, answer your questions, and help you determine the next steps. This call usually takes about 15 minutes, but we are happy to talk to you as long as you would like!
Step 2.
Quick Review of Your Paperwork
If we think you might have a case, we will need to review a few basic documents. If we determine you have a case, then you will have the option to hire us as your attorneys to pursue it.
Step 3.
Signed Attorney/Client Agreement
If you decide to hire us to pursue your case, we will have you sign an attorney-client agreement so we can begin the process of trying to recover your losses.*
*In the vast majority of cases, our agreement is contingent – meaning you won’t owe us any money unless we recover money for you.
