Churning and Unauthorized Stock Trade

Florida-based Unauthorized Stock Trade Litigation Firm

Churning and Unauthorized Stock Trade

Your stockbroker is never authorized to trade on your behalf without your fully informed approval or without written authorization. Unauthorized trading violates industry regulations and can be the basis for a claim against the broker and the stockbroker's firm for breach of fiduciary duty.

Churning occurs when your broker convinces you to make multiple trades in your account or recommends that you swap or flip products such as annuities or mutual funds, which are typically long-term investments, that is not in your best interest. Recommendations to buy and sell securities or investment products are typically designed to benefit the stockbroker by generating commissions at your expense.

Academic and industry studies indicate that buying and holding a well-allocated portfolio over the long-term is in the best interest of the investor. Churning is a fraudulent scheme designed to generate more commissions. If you have been the victim of unauthorized trading or churning, an experienced lawyer may be able to help.

If you believe your stockbroker has made unauthorized stock trades and you have suffered the consequences, contact Levin, Papantonio, Thomas, Mitchell, Echsner, Rafferty & Proctor, P.A. in Pensacola, Florida.

Contact Levin Papantonio

With each victim's story of yet another securities fraud case involving churning and unauthorized stock trade, Levin Papantonio resolves to hold the responsible parties accountable. The firm's attorneys have dedicated their time to actively pursuing the brokerage houses that caused billions of dollars in losses.

To discuss your legal problem, contact the firm online or via telephone at (888) 435-7001. To learn more about the law offices of Levin Papantonio, please visit the media center or view the firm's brochure or resume.