Churning is what happens when a broker excessively trades in a customer’s account to earn more commissions. ... Excessive Trading Is Costly Even Beyond The Commissions Churning can dramatically increase a client’s risk of loss. ... Excessive trading also dramatically ...

Unsuitable Investment Recommendations Are a Common Cause of Portland Investors' Losses Brokers and financial advisors have a duty to only recommend securities or trades that are in the best interests of a customer's financial goals, portfolio, life circumstances, and risk ...

There was also the 2011 rogue trader scandal that resulted in a more than $2B loss from unauthorized trading. ... Some Other Recent Major Regulatory & Investigative Claims Involving UBS July 2021 : Paying over $8M, UBS Financial Services settled ...

At SSEK Law Firm, we have represented thousands of investors and recovered many millions of dollars on their behalf over losses caused by: Misappropriation Broker fraud Misrepresentations and Omissions Negligence Unregistered securities sales Other registration violations Failure to execute trades ...

We work with investors seeking to recover investment and bond losses caused by unsuitable investment recommendations, misrepresentations and omissions, churning, unauthorized trading, and other kinds of broker misconduct or negligence. ... The claimants accused the broker-dealer of unsuitably recommending non-traded ...

What Is Unauthorized Trading? ... That often results in unauthorized trading claims. ... Other Examples of Unauthorized Trading A financial advisor notes down an unauthorized trade as unsolicited, which makes it seem as if the trade was the customer's idea. ...

Galvin determined that the broker-dealer failed to review its financial advisors' social media or detect excessive trading in their accounts. $4M was to settle the allegations and $750K was because the firm didn’t register more than 470 of its broker-dealer ...

Examples of Broker Misconduct Below are some of the examples of broker misconduct that an investor may experience: Making unsuitable investment recommendations; Making misrepresentations or omissions when marketing an investment product or strategy to a customer; Overconcentrating an investor’s account ...

Each lawyer and staff member of our firm is devoted to assisting investors to recover losses caused by unsuitability, over-concentration, fraud, misrepresentation, self-dealing, unauthorized trades or other wrongful acts, whether intentional or negligent. ... Kalos and Stivers recommended that a ...

Instead, they are represented as stable or a good way to diversify as they do not typically change their value since they are not traded on any exchange. ... You may be able to recover your savings if any of ...