Can I Sue My Broker?
Yes! The amount you may recover depends upon the investor, the activity and/or the product or investment. My law firm has represented close to 1000 defrauded investors in lawsuits and FINRA arbitration actions against brokerage firms and registered investment advisors in the last 11 years. Unfortunately, the 2008-2009 market crash exposed fraudulent sales practices at dozens of brokerage firms. Billions of dollars of investments were fraudulently peddled to the elderly, retired, near retired or investors who were not willing to gamble or speculate. Unfortunately, these investors took the brunt of the economic hit after the largest economic crime spree in U.S. history perpetrated by Wall Street banks and brokerage firms.