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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?
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
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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.
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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.
answered on Sep 4, 2014
If the arbitration agreement mandates a location, that is usually enforced by the courts. But if both sides agree to arbitrate in New York, then it can take place in New York.
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