Investor Advocates, LLC
Stockbroker & Investment Fraud Attorneys
A broker may simply misappropriate an investor's funds. This often occurs in situations where the broker is not reporting a particular transaction to his employer. This practice is known as "selling away." In connection with selling away, it is important to remember that, even if the firm employing the broker is unaware of the transaction in question, or even of the existence of a particular customer, the investor often recovers from the firm on a theory of respondeat superior, controlling person liability under both the state and federal securities laws, or negligent supervision.
If you believe that you have lost money as a result of stockbroker misconduct, don't delay - important legal rights are at stake! Contact an experienced stockbroker fraud attorney today.