Wealth Management/Broker

March 10th, 2016 by admin

We represented an individual who made claims against an individual broker and a large, nationally known brokerage firm who employed the broker for churning, improper allocation of assets and unauthorized trades, among others. The majority of the unauthorized trades occurred while our client was on vacation and out of communication with the broker. The trades resulted in significant losses to the client’s portfolio. Our client alleged the trades were both unauthorized and inappropriate for him and the trades resulted in a substantial loss in a very short period of time. The case was confidentially resolved after limited discovery was conducted in the arbitration proceeding.

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