Breach of fiduciary duty. Ponzi schemes. Churning accounts. High-pressure sales tactics. Misrepresentation. Unethical and corrupt stock brokers acts of securities fraud at alarming rates every year, duping both individual and institutional investors out of billions of dollars. Some of the most common types of stockbroker misconduct and fraud are listed in this section.
In many of the examples cited, victims are able to recover their investment losses by filing an individual arbitration claim with the Financial Industry Regulatory Authority (FINRA) against the broker or financial representative who committed the illegal action and/or the brokerage firm where that individual was employed at the time the alleged violations occurred.