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Engaging in Unauthorized Trading:
Unless otherwise agreed to in writing, a broker cannot buy or sell a security
unless you give him your authorization and consent to do so before the trade is executed.
If a broker effects a trade for you without your advance consent, he has engaged in unauthorized trading.
Unauthorized trading constitutes a breach of the broker’s fiduciary
duty, a breach of contract, and in many instances, a violation of securities laws.
The unauthorized trades can be voided and resulting losses can be recovered from your broker.
Back to Broker Misconduct
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