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Want to know more about broker negligence and how it harms people every day? Here are some actions that qualify as broker negligence and for which a firm is liable.
Unwise Investment
When you invest with a broker, you are trusting them with your money. Often times, that money is vital to your future, retirement or otherwise. When a broker takes your money, he is assuring you that it is safe and will be invested properly. If you have lost money because a broker invested that money poorly, you may have a case for broker negligence due to unwise investment on the part of the broker. If your trust was broken by a brokerage firm, contact an attorney immediately.
A Breach of Duty
When you invest money with a broker, you often sign a contract or have some sort of agreement as to what the state of your investment will be in a given amount of time. If the broker you invested with mishandled your funds, did not invest them properly or did not live up to the expectations set by the firm, contract or agreement, it is a case of broker negligence.
Loss of Securities
Do you have less money now than you did when you first invested? This is a good sign that you may have a broker negligence case. Investing money is a smart decision, and you shouldn't be punished for that decision. Those who have caused you losses should pay the price.
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