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Representing Individual, High Net Worth & Institutional Investors

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Home > Stockbroker Misconduct > Unauthorized Trading

Unauthorized Trading

Generally, a stockbroker must have a client's authorization before making trades in that account. The authorization requirement can be waived when a client gives the stockbroker written authority to buy and sell securities on his or her behalf. Even when written authority is obtained, however, stockbrokers and brokerage firms are still bound to buy and sell only those investments deemed suitable for a client.

If a stockbroker fails to abide by this criterion and makes unsuitable trades without a client's prior consent or authorization, you could have a possible claim for unauthorized trading. For a free initial consultation regarding your securities claim, contact Mark Maddox at 800-505-5515. Or, fill out the contact form on this Web site to obtain candid legal advice.

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