New York City, NY asked in Stockbroker Fraud for New York

Q: Are there monetary caps on the percentage my broker can take out of my stock earnings?

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2 Lawyer Answers
Barry E. Janay
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Answered
  • Livingston, NJ
  • Licensed in New York

A: No, but there can be a claim for excessive commission.

Barry E. Janay
PREMIUM
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Answered
  • Livingston, NJ
  • Licensed in New York

A: Sorry, let me rephrase. An excessively high commission can be a percentage, but the amount of money is unlimited and usually tied to good performance

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