However, rogue brokers have been responsible for financially devastating losses incurred by their clients. Investors victimized by abusive brokers may bring an action to attempt to recover their losses. Additionally, Brokerage Houses have the Duty to Supervise and Manage their employees and protect the clients of the Brokerage House from rogue brokers. Stock Brokers and Brokerage Houses are regulated by Federal, State, and Self Regulatory Organizations which include The New York Stock Exchange, The National Association of Securities Dealers, The American Stock Exchange, and The Chicago Board Options Exchange. Churning Unsuitable Trades Unauthorized Trading Fraud Negligence Breach of Fiduciary Duty Failure to Execute an Order Breach of Contract Failure to Supervise and Manage Investors who have lost money due to a violation by their broker may file an action in an attempt to recover their losses.
Time limits apply.