Oak Park, IL asked in Securities Law for Illinois

Q: My broker misrepresented several things to me that I luckily realized before I lost any money. Can I still sue him?

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1 Lawyer Answer

A: Yes, it is certainly possible you have a viable cause of action against your broker, but the chances of obtaining a judgment and recovering on that judgment is dependent on very specific facts that are not provided here, such as details of any contracts you have signed with the broker, and the specificity of the misrepresentations made. That being the case, I highly recommend organizing everything in your possession related to this matter, including all contracts signed and all evidence of misrepresentations made, and consulting with an attorney individually for a consultation to explore your options moving forward.

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