Securities Fraud – Brokerage Account Losses – Unsuitable Investments

Investors will often employ an experienced financial analyst to oversee and manage their investments. If you feel your brokerage account has been mishandled, you should consider filing a securities fraud lawsuit.

Righting Wrongs for Defrauded Investors

Robert H. Rex is an experienced securities fraud lawyer and has been a partner at Dickenson, Murphy, Rex & Sloan, PA since 1987. With over 30 years of experience and an extensive background in finance, he can advise you on your right to sue for damages resulting from stockbroker fraud or negligence. Mr. Rex has represented hundreds of individuals from all over the US and abroad in recovering damages from major brokerage firms and regional broker-dealers. Mr. Rex has a lengthy proven track record of success in securities law and has been quoted in the Wall Street Journal. After a comprehensive review of your case, if we determine that your broker or brokerage firm acted illegally or irresponsibly, we will vigorously make your case in securities arbitration or litigation. Call 561-391-1900 or Contact Us through our convenient online form to schedule a free consultation.

Securities fraud can be committed by:

  • Broker-dealers/ Brokerage Firms
  • Financial advisors/ Stockbrokers
  • Corporations
  • Private investors

Stockbrokers can cause damage to their clients by:

  • Misrepresenting investors
  • Misappropriating assets
  • Over-concentrating investor portfolios
  • Trading excessively (churning)
  • Making unsuitable investments
  • Performing unauthorized transactions
  • Botching transfers
  • Selling unregistered securities
  • Improper margin liquidations
  • Broker bribery
  • Fraudulent research
  • Boiler room sales practices
  • Falsifying account statements

Stockbrokers must conduct themselves in accordance with the New York Stock Exchange’s (NYSE) Know Your Customer rule, which states that a broker is obliged to gather essential information about each client before making investment recommendations. If a broker recommends a securities transaction that is inconsistent with the client’s financial goals, he or she has violated the NYSE rule and may be held liable for securities fraud.

Have you lost money due to the mishandling of your brokerage account? Our firm handles securities cases nationally and internationally. In addition to handling cases in over 30 states, we have also handled cases against U.S. broker-dealers offices located in Venezuela, Chile, Colombia, the United Kingdom and the Channel Islands. Please call 561-391-1900 or email us to learn more.

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