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Can I Sue My Stock Broker?

When the goals you’ve set for yourself as an investor haven’t gone your way or you’ve noticed substantial losses since you started working with your stock broker, you may be wondering what legal options are available to you. Losing money on the stock market or through investing is not uncommon, but your stock broker should never be the cause of it.

Below, we go into further detail about when you might need to sue for broker misconduct and how you can go about holding your negligent stock broker accountable for their actions.

Instances of Stock Broker Negligence or Misconduct

Not every investor can sue their broker or initiate a complaint against them via the Financial Industry Regulatory Authority (FINRA). In order to do so, your registered stock broker must have breached their fiduciary duty to always prioritize your best interests and investment goals as outlined in your investment portfolio.

When your broker engages in any of the following types of misconduct or negligence, and you lose money, you can seek recovery of these losses through a FINRA arbitration claim:

  • Selling away
  • Misrepresentation
  • Unauthorized trading
  • Omission
  • Churning
  • Unsuitable investments
  • Failure to supervise
  • Lack of diversification
  • Trading on a margin

How to Sue a Stock Broker

Typically, rather than suing your stock broker, you’ll file a FINRA arbitration complaint against them. This is often the best option for wronged investors who want to spend as little money as possible and be repaid for their losses and other damages.

In arbitration, you will present your evidence to the arbitrators and have witnesses testify. Your stock broker will also have the opportunity to present evidence and defend themselves. Once both parties have been heard, the arbitrators will review the details of the case and determine whether your broker should be ordered to compensate you for your investment losses.

Reach Out to a Stock Loss Attorney

If you are considering a lawsuit against your stock broker, you may want to consider filing a FINRA arbitration claim instead. A reputable stock loss lawyer at Wolper Law Firm will tell you what’s best for you and could help you get the most out of your lawsuit or claim so you can ideally recover your losses and move forward with your life.

To schedule your free, confidential consultation, simply complete the secure contact form at the bottom of this page or give our office a call at 800-931-8452.

Now is the time to talk to an investment loss recovery lawyer. We can help recover your investment loss. Free consultations, always.

Main Office - Fort Lauderdale

1250 S. Pine Island Road
Suite 325
Plantation, FL 33324
Phone: (866) 330-5167
(954)-406-1231

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis

Additional Office Locations (by appointment only)

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Suite 7
Atlanta, GA 30326

Indianapolis

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Suite 314
Indianapolis, IN 46032

New York City

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New York, NY 10016

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Dallas, TX 75201

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Irvine, CA 92612

Portland

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Portland, OR 97220

Denver

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Suite 1100
Denver, CO 80237

Naperville

1700 Park Street
Suite 103
Naperville, IL 60563

Seattle

1001 Fourth Ave.
#3200
Seattle, WA 98154

We represent clients nationwide, including, but not limited to: Miami, Boca Raton, West Palm Beach, Sarasota, Tampa, Stuart, St. Petersburg, Vero Beach, Orlando, Jacksonville, Austin, Houston, Dallas, Washington DC, Charlotte, Boston, Baltimore, Phoenix, Scottsdale, Las Vegas, Los Angeles, San Diego, San Francisco, Chicago, Seattle, Portland, Denver, Salt Lake City, Fargo, Atlanta, Little Rock, Newark and St. Louis