When an individual has lost money in the stock market, he or she may place the blame on a broker or brokerage firm whom he or she entrusted with managing his or her money and stocks. Many brokers face allegations of unauthorized trading or churning and must defend themselves from any accusations or criminal charges that may be leveled against them.
Experience You Can Rely On
At the New York City law firm of Bachner & Associates, P.C., we have over two decades of experience handling a wide variety of securities litigation and white collar crime cases for clients throughout the state of New York and across the country.
Unauthorized trading and discretionary trading accusations are not uncommon. Many individuals get angry when they have lost money and are looking for answers. Brokers become targets of suspicious in such cases. We stand up for the rights of brokers and traders when they are facing charges of fraud, unauthorized trading and other white collar crimes.
Reporting Of Unauthorized Trading
Almost all brokers and brokerage firms must get customer's approval before an order for a stock purchase or sale is entered. Failure to make a record of the order may result in broker liability if losses result from that particular order. However, clients must immediately report unauthorized activity for there to be a legitimate claim of unauthorized trading. They cannot observe gains and then make complaints if the unauthorized investment does not turn out the way they wanted it to.
Aggressive Broker Defense
Using our attorneys' extensive experience handling securities matters, we work tirelessly in order to see that brokers' names and reputations are protected. Any accusations of churning or unauthorized trading by a client can affect your entire future, such as resulting in disciplinary action or criminal convictions.
Contact Our New York Unauthorized Trading Defense Lawyers
We can take immediate action to protect you from allegations of churning, excessive trading, unauthorized trading or other securities matters. Contact Bachner & Associates to arrange your consultation. Call us at 877-388-6461 (toll free) or 917-639-5370.