Hold Your Brokerage Firm Responsible for Selling Away
When an individual stock broker sells an investment to a client without the approval or knowledge of the brokerage firm, this is called "selling away," and the firm may be held responsible for the investor's losses due to its failure to reasonably supervise its broker. Our securities attorney can represent you in pursuing recovery of these selling away investment losses.
If you were sold investments by a deceptive, unsupervised stock broker, contact The Law Firm of David R. Chase, P.A., in Fort Lauderdale, Florida, at 866-457-2847. We offer free initial consultations.
We represent investors nationwide and globally, who have suffered serious investment losses due to stock broker fraud or mismanagement.
Protecting Your Interests
If your brokerage firm does not supervise its employees, how can it protect your interests? Selling away usually results from an individual broker's desire to receive a commission without sharing it with the brokerage firm. The broker will typically sell customers "alternative" investments that the firm does not approve.
Selling away schemes also often involve the sale of promissory notes.
If you were a victim of selling away, contact an experienced lawyer as soon as possible. Call The Law Firm of David R. Chase, P.A., at 866-457-2847 or send an e-mail. We can help you stand up to the major Wall Street firms, such as Morgan Stanley Smith Barney, Merrill Lynch, Citigroup and UBS.