Broker Misconduct | Broker Misconduct Attorney
Investment professionals are subject to regulatory oversight from FINRA, the SEC, and state securities regulators (“Regulators”). The Regulators monitor the activities of investment professionals to ensure compliance with industry rules, regulations, and standards. The Regulators work to ensure that investment professionals are properly licensed to conduct business in the states where the investment professional’s clients reside. The Regulators also check to see that investment professionals are only recommending suitable investments, conduct adequate research prior to making investment recommendations, do not charge excessive commissions or fees, and receive proper training and supervision from their respective employer.
Unfortunately, due to the large number of investment professionals, the Regulators cannot monitor all broker misconduct. The banks and brokerage firms must also monitor their investment professionals’ activities closely. In many instances due to limited supervisory oversight from banks and brokerage firms, broker misconduct is often undetected. Investors receive unsuitable investment recommendations, are charged high commissions and fees, and are misled regarding the risk of their investments every day.
Legal Help for Victims of Broker Misconduct
If your investment professional has recommended unsuitable investments, charged you excessive fees or commissions, or misled you regarding the risk of your investments, you may have a claim for damages. Gilman Law LLP is a leading securities fraud law firm and is here to help you recover damages against your broker due to misconduct. For a FREE evaluation of your case, please fill out our online form, or if you need to speak to an attorney right away CALL TOLL FREE (1-888-252-0048) today.