When A Brokerage Firm Fail to Supervise – Our Lawyers Can Help
We Hold Investment Firms Accountable
If you suspect that your broker or brokerage house failed to supervise your account, it is important to act quickly and contact an attorney right away. The faster you act to protect your finances, the greater chance you have of recovering your losses.
What Is Failure to Supervise?
Brokerage houses have a duty to supervise the brokers, traders and other types of financial advisors that they employ. Failure to supervise is a violation of FINRA rules.
Financial advisors, stockbrokers and securities brokerage firms have a legal duty to monitor the actions and recommendations of their representatives. These entities must ensure that their representatives are complying with FINRA rules, and state and federal securities laws. If a firm fails to supervise a representatives conduct, then the firm can be held accountable for its failure to supervise. Claims can be pursued against the broker for negligence or securities fraud, and a second claim can be pursued against the brokerage firm or supervisor for failing to oversee the broker. We handle complex investor claims throughout Alabama and the nation.
Supervisor have a duty to make sure their representatives are in compliance with regulatory rules and internal sales practice rules. Let our over 135 years of combined experience work for you.
Contact Experienced Investment & Stockbroker Fraud Lawyers
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.