Helping Investors in Texas and Nationwide Pursue Excessive Trading Lawsuits
When an investor gives a stockbroker the authority to trade on his or her behalf, the broker has a responsibility to act in the investor´s best interests. Depending on the circumstances, this responsibility may rise to the level of a fiduciary duty — a duty to put the investor´s interests ahead of the broker´s own interests. But in any circumstance, conducting excessive trades solely for the purpose of generating commissions is dishonest and impermissible behavior.
At the law firm of Schachter Harris, LLP, our Dallas lawyers help investors in Texas and nationwide pursue claims against brokers for losses they have suffered as a result of churning and other forms of excessive trading. We have the experience and resources to pursue claims against powerful defendants, including major investment brokerage firms.
Holding Brokers Accountable for Abusing Their Control over Client Funds
Excessive trading occurs when a broker uses his or her control over a client´s account to make a high volume of trades that are not aligned with the client's investment objectives. If there is evidence that the broker is motivated by a desire to generate higher commissions, this sort of behavior is referred to as churning, but even in the absence of that evidence, excessive trading is still considered a violation of law and professional ethics.
If you believe your broker has generated excessive trades on your behalf, our attorneys can help you determine whether you have a securities fraud claim or other recourse. Our firm has long experience helping wronged investors obtain compensation for the harm done to them by unethical professionals. To discuss your case, please contact us to schedule a consultation.
