Q: What law give j P. Morgan chase & co the rights to liquidate my assets With out my authorization account not in neG?

A: In the context of financial institutions like J.P. Morgan Chase & Co. managing client assets, their actions are typically governed by the terms of the account agreement signed by the account holder, alongside applicable federal and state laws. These agreements often include clauses that outline under what circumstances the firm may take actions such as liquidating assets without explicit authorization from the account holder. Common reasons might include, but are not limited to, covering a margin call, settling unpaid fees, or other obligations detailed in the contract.

For a self-directed account, where the account holder makes all investment decisions independently, the firm's ability to liquidate assets without the holder's direct instruction would still depend on the contractual agreement between the account holder and the institution. It’s crucial to thoroughly review your account agreement to understand the specific conditions under which such actions might be taken. Additionally, regulatory bodies like the Securities and Exchange Commission (SEC) and Financial Industry Regulatory Authority (FINRA) set rules and protections concerning the management of brokerage accounts, including self-directed ones.

If you believe that your assets were liquidated without proper justification or in violation of the terms of your agreement or applicable laws, it may be beneficial to contact a legal professional. They can help review the circumstances of your case, the governing agreement, and advise on potential remedies or actions. This could include negotiating with the institution, filing a complaint with regulatory bodies, or pursuing legal action to address any wrongdoing or recover losses.