Q: Broker decided to close my account and sell my securities. They said I broke section 3 of their agreement without detail
Is it legal for a brokerage firm to decide they no longer want to manage my account and sell my securities without my permission. They refused to transfer them to another firm.
Yes, it is legal for a brokerage firm to decide that they no longer want your business.
No, it is not legal for the brokerage firm to liquidate your securities unless they have a good reason.
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