Miami Broker Negligence Lawyer

If your broker’s negligence resulted in significant stock losses for you, you may be entitled to compensation. Discuss your legal options for financial recovery with a respected broker negligence lawyer in Miami.

The entire purpose of working with a stockbroker is to find valuable investment opportunities that generate returns. But, when your broker is irresponsible or negligent with your investment, they can be held accountable and ordered to compensate you for your losses in FINRA arbitration.

FINRA arbitration can be intimidating, but when you have an experienced Miami broker negligence lawyer at Wolper Law Firm, P.A. advocating for you, the process can less stressful for  you. If we are able to take on your case, we’ll do everything possible to recover every cent of your losses and more so you aren’t hit with a loss that could significantly disrupt your life.

What Constitutes Broker Negligence?

There is a big difference between a broker committing fraud and one who was negligent with your investment portfolio. A stockbroker committing fraud would be doing so intentionally in order to generate commissions for themselves; a negligent stockbroker may have accidentally lost you money in a failure to do their job correctly.

Some of the most common types of broker negligence include:

  • Making unsuitable recommendations
  • Failure to supervise
  • Lack of diversification
  • Failure to do their due diligence
  • Excessive trading

Some of these types of broker negligence can also be considered misconduct, depending on the intentions of your broker. You must speak with your attorney to learn more about how this difference could have an impact on your FINRA arbitration claim.

How to Recover Your Stock Losses in Miami

When a broker’s negligence costs you considerably, you may be able to recover these losses when you initiate a FINRA arbitration complaint against the broker and their broker firm.

Once your complaint has been received, you may be granted a hearing before a panel of either one or three arbitrators, depending on the amount of your losses. Losses exceeding $100,000 are heard by a panel of three arbitrators. Arbitration is quite similar to a trial in that both parties have the opportunity to present evidence and plead their case.

However, arbitration is different from court in a couple ways. First, arbitration does not allow for an appeal if the decision does not come down in your favor. But, arbitration also takes considerably less time and, if you win, the negligent stockbroker will be ordered to compensate you within thirty days. In court, it could be years, if ever, before you are repaid.

Reach Out to a Broker Negligence Lawyer in Miami

If you are interested in learning more about how a Miami broker negligence lawyer at Wolper Law Firm, P.A. could help you pick up the pieces of your life after a substantial stock loss, schedule a free consultation. Our office can be reached through the quick submission form below or by phone at 800.931.8452 when you are ready to get started on your case.

Attorney Matthew Wolper

Attorney Matthew WolperMatt Wolper is a trial lawyer who focuses exclusively on securities litigation and arbitration. Mr. Wolper has handled hundreds of securities matters nationwide before the Financial Industry Regulatory Authority (FINRA), American Arbitration Association (“AAA”), JAMS, and in state and federal court. Mr. Wolper has handled and tried cases involving complex financial products and strategies ranging from traditional stocks and bonds to options, margin and other securities-based lending products, closed/open-end mutual funds, structured products, hedge funds, and penny stocks. [Attorney Bio]