Unauthorized Trading Lawyers

Are You An Investor Who Sustained Portfolio Losses While Working With Ex-Feltl & Co. Broker Justin Pagel? Our Unauthorized Trading Lawyers May Be Able To Help

If you sustained investment losses while ex-stockbroker Justin William Pagel, Shepherd Smith Edwards and Kantas Unauthorized Trading Lawyers (investorlawyers.com) would like to talk to you. Pagel, who was a Feltl & Co. broker from August 2011 to May 2024, was recently suspended by the Financial Industry Regulatory Authority (FINRA) for 10 months following allegations that he allegedly made unsuitable recommendations to certain customers and violated their best interests. This purportedly included investing part of their assets in speculative, high-risk stocks and engaging in short-term trading.

Pagel also is accused of exercising discretion when making 360 trades in 47 customer accounts without getting these clients’ written authorization or his broker-dealer’s authorization to regard these accounts as discretionary. He also purportedly mismarked 587 solicited trades as unsolicited in more than 50 customer accounts.

According to Justin Pagel’s CRD, there were at least five customer disputes involving him prior to 2020, including one that was settled for $100K. Allegations made against him including unsuitability, negligent financial management, misrepresentations, breach of fiduciary duty, and excessive trading.

Did Your Broker Exercise Discretion Without Authorization in Your Account?

There are discretionary accounts and non-discretionary accounts. In the former, the stockbroker has been granted authority by the customer to make trades for them without needing their authorization every time. In a non-discretionary account, investors must authorize every transaction before each trade can be made. For a broker to make trades without the customer’s approval is considered unauthorized trading.  If serious portfolio losses occur because of this, the investor may be able to sue for damages.

Also, brokerage firms have a duty to approve and review discretionary trading accounts. Any failure to supervise, which allows or enables their financial advisors to engage in unsuitable, excessive, or unauthorized trades— even in discretionary accounts—can be grounds for an investor lawsuit especially if significant losses result.

Representing Investors Who Have Been The Victim of Unauthorized Trading

Shepherd Smith Edwards and Kantas represents investors who suffered losses because their financial advisor made trades without their knowledge or permission in their brokerage accounts.

This is not the kind of investment loss recovery claim that you want to pursue without seasoned unauthorized trading attorneys representing you. We offer quality securities representation and personalized attention. More than 90% of our clients have received full or partial financial recovery.

 What Should You Do If You Suffered Serious Losses From Working With Former Feltl & Co. Financial Advisor Justin Pagel Or Any Other Broker?

Call our Unauthorized Trading Lawyers at (800) 259-9010 or fill out this form.