Unauthorized Trading / Discretionary Trading
United States Unauthorized Trade Attorney
Violated. That’s what it feels like to get hit with a substantial loss resulting from an unauthorized trade by your broker. It’s like a financial sucker punch that catches you off-guard and knocks the wind out of you. It’s like coming home from a vacation and discovering your house guest has burglarized your home. How did it happen?
At Kaufmann Gildin & Robbins LLP, it’s our job to find out. Our firm has extensive experience dealing with customer complaints against brokers, including those involving unauthorized trading and discretionary trading.
The fact is, most brokerage firms and brokers must get their customer’s approval before they enter an order. Failure to do so may give rise to liability when losses result. Unless – and here’s the tricky part – you are a customer who subsequently ratifies or approves the trade. In other words, once you become aware of the unauthorized activity, you should report it immediately; you can’t reel in the gains, and then complain only when the investment turns sour when those losses were due to unauthorized trading that you condoned.
Every year, unauthorized trading of securities, unsuitable trading of securities and misguided discretionary trading costs unwary investors tens of millions of dollars.
If you think it’s happened to you, contact our law firm today for sound advice and experienced representation aimed at recovering your losses and holding your broker or firm accountable for their actions, whether through arbitration, mediation or in rare instances, court.
Mr. David E. Robbins is a nationally-known authority on securities arbitration and mediation. He literally wrote the book on how securities arbitration cases are handled nationwide, and the depth of his knowledge in this area is second to none.
In addition to representing investors, our law firm has extensive experience defending brokers against customer complaints, including charges of unauthorized trading. If you’re a broker facing a customer complaint regarding unauthorized trading, contact us immediately. Our experienced securities lawyers can help defend your name and protect you against disciplinary action.
That fact is, we know both sides of these issues better than most firms know one side, and we stand ready to put that knowledge to work for you.
Whether you are an investor, a broker or an brokerage firm, contact our accomplished Unites States unauthorized trade attorneys today for experienced advice and adept representation from skilled professionals who are recognized from coast-to-coast as preeminent authorities on securities law, investor fraud, and securities arbitration.
The New York lawyers at Kaufmann Gildin & Robbins LLP provide astute advice and counsel and dedicated, effective representation to investors and brokers throughout New York City, the United States, and internationally.