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Suing Your Broker

Description

If you suspect that your broker participated in unauthorized or risky investments that led to significant financial losses, it is your responsibility to file an arbitration claim through FINRA. The legal team at Halling & Cayo, S.C. can review your accounts and determine whether you have a case. Filing a claim against your broker and their company is the only way to recover losses that cannot be explained by the market.

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The question always comes up is whether or not you can sue your broker, and the answer is of course you can. We have a regulatory system in this country for financial services, and it says it's actually the customer's responsibility to be the one to bring a claim. And so, if you have an issue in your account, you find out that the broker was doing something you didn't authorize them to do, or really you just feel like your account suffered significant losses and you can't seem to explain it by a big change in the market or something else that went on, you might have a claim against your broker. There's nobody who watches how this works. The SEC isn't going in, looking at your account, figuring out whether or not the broker is doing his job. Instead, the company that your stock broker works for is supposed to be supervising what he puts in your account, what he recommends to you, and whether or not that's appropriate for you or not. If it turns out that he's not doing his job and the company that he's worked for isn't properly supervising that job, then the only recourse you have as an investor is to bring a claim. So when we say "sue a broker," we actually mean bring an arbitration through FINRA. But the answer to the question is yes, you can sue your broker, and in fact if you have losses in your account that you want to try to recover, the only way you can do that is by bringing a claim against your broker.

MessageOur Staff

At The Securities Lawyers, you get hands-on involvement from a partner level attorney. If I'm on your case, there will be associates and paralegals assisting, but I will be the one trying your case, negotiating settlements, and mediating your case. Sean M. Sweeney

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Milwaukee Office

320 E Buffalo St
Ste 611
Milwaukee, WI 53202

Open Today 8:00am - 5:00pm

Open Saturday and Sunday for calls and emails.

More Info Directions (414) 755-5020

Milwaukee Office

320 E Buffalo St
Ste 611
Milwaukee, WI 53202

Open Today 8:00am - 5:00pm

Open Saturday and Sunday for calls and emails.

More Info Directions (414) 755-5020