Stock broker fraud texas

Stock broker fraud texas

Posted: Serioga83 Date: 29.05.2017

If your stockbroker or brokerage firm has outside ties to a business and sells you that stock, they may have acted out of a conflict of interest.

stock broker fraud texas

Your stockbroker should offer you the best investment for your needs, not the conflicted needs of the stock brokerage firm. If your stockbroker advises you to hold stocks based on speculation or uncertain future events, even though the risks are obvious and the potential gain is unlikely, the financial advisor has put you in a situation of "continuing a risk". Improper investment advice includes biased investment advice, unfounded advice or contradictory advice.

Biased investment advice often occurs as a result of the stockbroker's or brokerage's desire to move a certain stock based on fees they will receive, not the based on the needs of the client. Unfounded advice occurs when a financial adviser gives investment without doing proper research or due diligence. An adviser is said to have given contradictory advice when they give conflicting advice to different clients.

Austin Oil and Gas Financiers Plead Guilty in Texas-Based Securities Fraud Case — Stockbroker Fraud Blog — April 13,

A stockbroker churns your account simply to make more money. To prove your broker has churned your account, our lawyers look for excessive trading activity. If you feel your broker is buying and selling securities in an effort to fraudulently earn excessive commissions, your may be a victim of stock churning. Contact our stockbroker fraud lawyers to evaluate your case. Stockbrokers have a duty to understand which investments are suitable for their clients, based on individual clients needs and investment objectives.

Texas Securities Fraud Lawyer - Houston Stockbroker Fraud Attorney - Shepherd Smith Edwards & Kantas LTD LLP

Brokers also have a duty to understand each customer's risk tolerance and financial ability to incur the risk associated with their investment. In other words, if a stockbroker asks you to invest in a stock that he knows is an unsuitable investment for you, then you might be a victim of unsuitability. Your stockbroker also has a duty to explain all risks associated with a particular investment.

Texas Securities Fraud Laws - FindLaw

If your stockbroker did not explain the risks of an investment to you, he may be committing stockbroker fraud.

Basically, it is your stockbroker's duty to understand your investment needs and recommend appropriate investments.

If your stockbroker made unsuitable investment recommendations to you, he may be liable for your stock losses. One of the "golden rules" of investing in stock is to diversify your portfolio.

If a stockbroker fails to diversify your portfolio, he may be potentially liable of over concentration, and therefore liable for your losses in the stock market. A stockbroker is required to disclose material facts regarding each investment. The Texas personal injury attorneys at Rasansky Law Firm represent clients throughout Texas, including Arlington, Austin, Corpus Christi, Dallas, El Paso, Fort Worth, Garland, Houston, Kauffman, Lubbock, San Antonio and Tyler.

stock broker fraud texas

Our personal injury lawyers handle a various types of personal injury claims, including automobile accidents , medical malpractice , birth injuries , nursing home abuse , product liability , defective products , premises liability , day care abuse , maritime injuries , workplace injuries , overtime pay , social security disability benefits and securities fraud.

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Conflict of Interest Continuing a Risk Improper Investment Advice Stock Churning Stock Unsuitability Stock Over concentration Stock Misrepresentation Stockbroker Negligence Unauthorized Trading Stockbroker Fraud: Conflict of Interest If your stockbroker or brokerage firm has outside ties to a business and sells you that stock, they may have acted out of a conflict of interest. Continuing a Risk If your stockbroker advises you to hold stocks based on speculation or uncertain future events, even though the risks are obvious and the potential gain is unlikely, the financial advisor has put you in a situation of "continuing a risk".

Improper Investment Advice Improper investment advice includes biased investment advice, unfounded advice or contradictory advice.

stock broker fraud texas

Churning "Stock churning" is considered excessive trading in your account in an attempt to generate excessive commissions at your expense. Unsuitability Stockbrokers have a duty to understand which investments are suitable for their clients, based on individual clients needs and investment objectives.

Over-Concentration One of the "golden rules" of investing in stock is to diversify your portfolio. Free Case Evaluation The Texas personal injury attorneys at Rasansky Law Firm represent clients throughout Texas, including Arlington, Austin, Corpus Christi, Dallas, El Paso, Fort Worth, Garland, Houston, Kauffman, Lubbock, San Antonio and Tyler. Texas Injury Attorney Call Toll-Free Tell Us Your Story. I agree to the terms.

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