Birmingham Churning / Excessive & Unauthorized Trading Attorneys
Was Your Stockbroker “Churning” Your Account?
Brokerage firms and other advisors can only execute trades if you authorize them. Your investment advisor cannot override your risk tolerance or conduct trades to make extra commissions without your consent. If they do, the trade is unauthorized and you may have legal recourse to reverse it. If a broker trades frequently without regard to your bests interests – then the account may have been “churned” to generate excessive commissions for the representative.
Attorneys Fighting Back Against Excessive Trading
We will examine the trading history on your accounts and the fees you were charged to uncover patterns and specific instances of unwarranted or illegal trades:
- Excessive trading (churning)
- Unauthorized trading
If churning occurs, our lawyers can bring several types of claims on behalf of the wronged investor. Some of these include; failure to supervise and breach of the duty to recommend suitable investments. Proving that churning has occurred can be complicated, it often requires the assistance of a knowledgeable attorney. We can help – let our over135 years of combined experience work for you.
Our Attorneys Make Advisor & Brokers Pay Back Unwarranted and Excessive Commissions
Gordon, Dana & Gilmore, LLC is the preferred law firm for the handling and referral of sensitive business, personal and litigation matters that require “troubleshooting expertise” as well as a professional approach at a higher level.