Get free answers to your Stockbroker Fraud legal questions from lawyers in your area.
Your current state is Ohio
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answered on Jan 9, 2017
Yes, many.
During div. From bed & board attempting amicability for kids only to be subjected to harrasment,false accusations,fraud,non disclosure funds,etc. to keep me away allowing fraudulant quit claim conveyance never signed,etc., shortly after marital home jointly mortgaged sold. MSA stated clearly... View More 
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answered on Jan 2, 2017
No attorney here is going to second guess your current attorney. You need to trust your attorney and direct all your questions to the attorney. If you cannot work out your differences, after making a serious effort to do so, you do have the right to change attorneys. To properly answer your... View More
no C of O , temporary or perm. was issued for this building?
I feel I have been frauded and don't know what my recourse of action might be? It was a cash deal .
answered on Jan 2, 2017
Your lawyer should have done a title search for title insurance and that would have come up. It clearly violated the standard contract if that is what you used, but that claim did not likely survive closing. This is a big deal issue.
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answered on Dec 12, 2016
No chart, but here is the best guidance:
"Article III, Section 4 requires any NASD member that acts as an agent for its customer to charge only a 'fair commission or service charge, taking into consideration all relevant circumstances including market conditions with respect to... View More
Piece of information not given, if known could have changed the decision made before closing of contract or investing in the stock
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answered on Dec 8, 2016
Depends on the piece of information. Depends on whether you gave the broker discretion over the account. Depends on whether you are a sophisticated or even an accredited investor. Depends on whether you could have researched the claims yourself and could have found out about his omission without... View More
answered on Dec 6, 2016
More information is needed here about this situation. Much depends on the contract you signed and the facts of the case. The best first step is an Initial Consultation with an Attorney. You can read more about me on my law practice website. This answer does not constitute legal advice nor does it... View More
answered on Dec 1, 2016
Small claims court may be a good option. The best first step is an Initial Consultation with an Attorney. You can read more about me on my law practice website. This answer does not constitute legal advice nor does it create any Attorney-Client relationship.
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answered on Nov 16, 2016
No, but most are.
answered on Nov 16, 2016
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... View More
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answered on Oct 26, 2016
Depends on whether he has discretionary authority on the account. A large tax bill certainly isn't a fun thing, but at least you made money, right?
Can he be held liable for the resulting losses?
answered on Oct 14, 2016
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... View More
Do we have a claim against the broker?
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answered on Oct 10, 2016
Yes, undue concentration or lack of diversification can prove an unsuitability of investment claim against a brokerage. I would need to learn a lot more about the facts of your particular case however. Please feel free to privately email me so that we can discuss the merits of your claim in... View More
current investments, and tax status. Why does he need to know all of this?
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answered on Sep 23, 2016
He's making sure that the investments you choose are suitable. Broker's can be sued for things such as churning, excessive trading, lack of diversity in a portfolio, or putting people into unsuitable investments based on things like their age. For instance, a 90 year old that needs to... View More
I hired a mortgage broker to help me purchase my home in Florida.
I disclosed all liabilities via e-mail. This included a screenshot of my student loans , which totaled roughly 90k.
We have been in the house now for a few months and have been notified, by the broker, that our loan... View More
answered on Sep 22, 2016
Maybe, maybe not. It was equally your duty to review your own documents for errors; as you admit you did and found the error but said nothing. The law equally puts the duty to read contract on you as one of the signing parties. This is surely a mess and you will need to retain an attorney.
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answered on Sep 8, 2016
A broker and a trader are different types of positions. Go to the FINRA website to see the requirements for your position. If you are just trading your own money the answer is no obviously.
If the investments haven't done well can I do anything?
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answered on Aug 25, 2016
Need to know more, but what you've written is not enough to levy fraud charges.
Will I owe him a commision. There was no discussion, when he made calls. He obviously is working on behalf of the prospective tenant. I do not think he is licensed in Utah
answered on Aug 17, 2016
Assuming you only spoke by phone and did not agree to pay a commission, no commission would be owed. He may seek to recover under an equitable theory, if he produced a lessee to whom you leased, but it is unlikely he could recover.
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answered on Aug 12, 2016
Depends on whether he actually guaranteed returns... If he couched this as speculation then you likely can't do anything unless the investment was clearly unsuitable based on your investor profile.
Has given me a written contract but we have not done any title work. Or deposit. Hes now relisted the home and calling himself the owner. Is that legal and what can I do about pics he posted that were for his partner but he put them on the internet without my permission. Any ideas? Thanks
answered on Jul 27, 2016
This guy sounds like a scam artist. I would rescind the contract and report what he has done to the police. He may have done this before.
Other than disciplinary actions against real estate brokers or sales people, or arbitrated settlements for failure to disclose issues which had weight in decision to buy, other than just rescission of purchase contract? Say, still want to own the property, just what are the possible monetary... View More
answered on May 2, 2016
The buyer would have to prove up monetary damages of either the costs to repair or the diminution in value of the property. However, if the buyer had knowledge of the material facts, or should have known, then the buyer won't be entitled to recovery.
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