Springfield, IL asked in Stockbroker Fraud for Illinois

Q: I asked for documentation/filings from the

company my broker had me invest in and after two months, nothing - is he required to give this to me?

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1 Lawyer Answer
Alex Schmidt
Alex Schmidt
PREMIUM
Answered
  • Criminal Law Lawyer
  • Cranford, NJ

A: If you have the name of the company you can simply go onto the SEC platform known as EDGAR and enter the name of the company or its ticker. This SEC platform will contain a trove of data on the company at issue. As for the broker there is no regulation that I am aware of that mandates a stock broker to hand over filings covering a company. If you purchased a new publicly traded security then the broker is obligated to provide a prospectus covering the security. Of course, as a matter of good business practice your financial advisor should be responsive to your requests for information concerning a company you invested in. More information is needed however to determine whether the investment advisor was mandated to turn over requests for information.

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