Texas Stockbroker Fraud Questions & Answers

Q: Are brokers required to tell me any information or notify me before buying stocks?

1 Answer | Asked in Stockbroker Fraud for Texas on
Answered on Jul 17, 2018
Tracy Stoneman's answer
Not only must a stockbroker talk to a client immediately before each trade, the broker must go over pertinent information, such as the price, number of shares, pros and cons, etc. It is to be a detailed conversation. The only exception is if you gave your broker discretion to make trades without talking to you, but most folks don't do that. I hope that helps you.

Q: Can I use my checking account for providing Escrow Services? If not, how can I go about it?

1 Answer | Asked in Criminal Law, Banking, Stockbroker Fraud and Real Estate Law for Texas on
Answered on Oct 31, 2017
Tammy Lyn Wincott's answer
I think you should be very careful as this sounds like a typical scam. Do not use your personal checking account.

Justia Ask a Lawyer is a forum for consumers to get answers to basic legal questions. Any information sent through Justia Ask a Lawyer is not secure and is done so on a non-confidential basis only.

The use of this website to ask questions or receive answers does not create an attorney–client relationship between you and Justia, or between you and any attorney who receives your information or responds to your questions, nor is it intended to create such a relationship. Additionally, no responses on this forum constitute legal advice, which must be tailored to the specific circumstances of each case. You should not act upon information provided in Justia Ask a Lawyer without seeking professional counsel from an attorney admitted or authorized to practice in your jurisdiction. Justia assumes no responsibility to any person who relies on information contained on or received through this site and disclaims all liability in respect to such information.

Justia cannot guarantee that the information on this website (including any legal information provided by an attorney through this service) is accurate, complete, or up-to-date. While we intend to make every attempt to keep the information on this site current, the owners of and contributors to this site make no claims, promises or guarantees about the accuracy, completeness or adequacy of the information contained in or linked to from this site.