Generally speaking, TOD means "Transfer on Death," and STA means "Securities Transfer Association." Your question remains open for four weeks; for a meaningful explanation of these terms, you should consider consulting with an attorney knowledgeable in probate/estate law, more...Read more »
If you feel your investment account is being mismanaged you can report this to Financial Industry Regulatory Authority or ("FINRA"). This self-regulatory organization or ("SRO") oversees brokerdealers and sets compliance rules by which they must act. FINRA is where customer...Read more »
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...Read more »
There are rules in place protecting you against bad or unsuitable investments. FINRA suitability rules for instance require that any investment recommendation made by a broker to an investor must be in line with investors stated financial profile and objectives. What I think you might be...Read more »
Whether a client needs to be contacted really depends on the context concerning the question. If the investment account is a non-discretionary account then the broker has to contact the client prior to each trade being entered. If the account is a managed account where the broker has received...Read more »
It is certainly possible, but the chances of recovery are dependent on very specific facts that are not provided here, such as any contracts signed and any representations made by your stockbroker. That being the case, I recommend you organize everything in your possession related to this matter,...Read more »
The viability of a lawsuit is a very fact specific determination that cannot possibly be answered definitively without more details. That said, you may have a case depending on specific representations that may have been made by the trader. I recommend organizing everything you have in your...Read more »
My realtor and listing agent are in the same office. The listing agent keeps saying I should find houses that are not hers. We have the down payment and all. She tells people I am a risk and not to take offer. She will even refuse to give my realtor the code to a house.
Take these facts to a lawyer's office. Something is seriously wrong if a listing agent in a brokerage you ware working with is telling people you are a risk. If your realtor is telling you the listing agent says this, I would question whether the realtor is telling you the truth.
You may have recourse, but fraud claims are extremely fact intensive, so an attorney would need to review all of the specific information to give you a comprehensive evaluation of the merits of your claim(s). That said, I would recommend organizing all information relevant to this situation,...Read more »
The answer to your question depends on specific facts that are not provided here. Assuming you reside in Illinois, and the broker does business in Illinois, you should be able to file suit in Illinois. I would recommend consulting with an attorney individually prior to doing so, as there are...Read more »
It is possible that your stock broker can be liable, but the feasibility of your recovery depends on very specific facts. Do you have a contract with the stock broker that outlines your relationship? Do you have written evidence of your request for him to buy a significant amount of stock? In...Read more »
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