Broker Negligence

Broker Negligence: When Ignorance Costs the Most

Breach of Fiduciary Duty ◊ Broker Misconduct ◊ Failure to Disclose Risk

A broker is a trained professional and clients put their investments, their life savings and their futures in the broker’s hands. Usually that trust is well placed. Sometimes it is not. When brokers fail to uphold the standards of their profession – when they are negligent – losses could result. For example, when a broker passes on to his clients his own ignorance of the investment’s inherent risks, and losses result, there could be a case against that broker and his firm.

Kaufmann Gildin & Robbins LLP
Call 212-705-0815 or contact us online

If you believe that broker negligence has caused significant losses to your investment portfolio, legal remedies may be available. If you are a broker falsely accused of negligence, your career is at risk. You should do everything you can to protect yourself from the charges.

Representing clients on Wall Street, throughout the nation and around the world …

Attorney David E. Robbins is widely regarded as a leading national authority on the laws governing securities and financial regulations. He writes Securities Arbitration Procedure Manual — the definitive textbook on this subject, which law firms, law schools and brokerages rely on every day.

Additionally, he has written over 40 articles and is sought out by national news media for commentary regarding emerging legal issues. Few lawyers can match his experience or knowledge in this highly specialized area of law.

What Constitutes Broker Negligence?

Any number of behaviors can be construed as “negligent.” But most cases involve brokers who fail to tell their clients about risks inherent in their investments. Whether the broker knew about the risk and forget to tell, or whether the broker was ignorant of the risks, this behavior constitutes broker negligence.

Some types of investments are more prone to broker negligence than others. A few current examples include subprime mortgages, variable annuities and auction rate securities.

To schedule an appointment to meet with attorney Robbins, call 212-705-0815 or contact us online.