Auction-rate Securities Fraud Lawyer

Broker Misconduct: Misrepresentation and Omissions

When you agree to work with a broker, you will typically sign a contract or agreement to ensure that both parties understand their duties to each other. You place your trust in your broker to protect your investments and make smart decisions so that your money can grow. Unfortunately, not all brokers are truly concerned with the well-being of your investments.

Some negligent brokers are simply looking to make a profit off of your investments and will make dangerous decisions with your money to achieve their goal. These brokers are guilty of broker misconduct and should be held liable for their actions.

The Securities and Exchange Commission (SEC) explicitly requires brokers to provide their clients with credible financial advise. Brokers are responsible to accurately represent investments and not omit any important information regarding a client’s investment. When a broker misrepresents or omits information about an investment, the broker is often trying to hide the level of risk involved in that specific investment.

Suffering financial losses due to a broker’s misrepresentation or omission is simply unacceptable. You should not have to suffer for your broker’s negligence. It is best to contact an attorney to help you through the legal process, since most contracts or agreements that you signed initially with your broker will require you to go through the process of arbitration, rather than taking your case to civil court.

Contact an Auction-rate Securities Fraud Lawyer

For more information about broker misconduct, or to schedule your free initial consultation, contact the auction-rate securities fraud lawyers of Williams Kherkher by calling 800-220-9341.