Published On: March 25, 2016

Are you elderly and have you been defrauded by your broker? If so, you may be able to recover your losses through the Financial Industry Regulatory Authority (FINRA) arbitration claims process. A really common violation is the “selling away” claim. This is when a financial advisor sells a product that is not approved by his or her brokerage firm. The reason why brokers do this is because it is much more financially advantageous for an advisor to sell a security that is not approved by his brokerage firm because that way, the broker gets to keep all the fees and commissions associated with that product. Typically, the broker has to split those commissions with their member firm. Many elderly customers at full-service brokerage firms are targeted. Please call our Chicago-based securities law office today to speak to an attorney for free at 312-332-4200.

Disclaimer

The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.

PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.

Chicago Investment Fraud Attorneys Offering Nationwide Representation to Investors

If you have suffered financial losses because of the negligence or fraud of your financial advisor or broker through unsuitable investment recommendations, over-concentration, churning, misrepresenting risks, conversion or selling away, you have legal rights and options to pursue recovery of those losses.

Stoltman Law Securities and Investment Fraud Attorneys