June 4, 2014

You’ve worked hard to accumulate your life savings and retirement fund. While you want to be able to trust that stockbrokers who are helping you manage these accounts or any investment funds will always provide you with sound advice, this is unfortunately not always the case.

When you suspect stockbroker malpractice, there are some common mistakes you should avoid making in order to avoid hurting your claim to compensation.

When you suspect stockbroker malpractice, there are some common mistakes you should avoid making in order to avoid hurting your claim to compensation.

In fact, in some instances, stockbrokers may intentionally recommend overly aggressive stocks, practice churning or may even go so far as to commit fraud with investors’ funds. Such practices are forms of stockbroker malpractice, and investors who are subject to such practices will likely be entitled to compensation for their losses.

When you suspect stockbroker malpractice, there are some common mistakes you should avoid making in order to avoid hurting your claims to compensation. In this two-part blog, we’ll highlight the most common mistakes to avoid in order to protect your rights to compensation.

Mistake 1. Writing a Letter to the Firm or Broker

A stockbroker or investment firm may specifically advise you to write a letter when you have an issue with your account or a stockbroker’s actions. However, these letters can later be used against you by a firm’s corporate lawyers to try to negate or undervalue your claim.

This is because it’s possible that you may not be fully aware of the level of damage caused, the nature of your losses and/or how the language you use may have specific legal impacts. Therefore, instead of writing a letter yourself, it’s best to consult with a stockbroker malpractice attorney who can write a letter on your behalf and ensure that your rights are protected while your concerns are properly addressed.

Mistake 2. Writing an Email to the Firm or Broker

Just like a letter you write to an investment firm or stockbroker can be used against you, so too can any email you write. While you may want to immediately take action and write an email to your stockbroker when you think your accounts and funds have been mismanaged, again, make sure you consult with an attorney first, as you don’t want to do anything that could later hurt your claim.

Be sure to check out the second part of this blog for some additional info regarding how you can protect your rights and potential case when you suspect stockbroker malpractice.

Denver Stockbroker Malpractice Lawyers at Cristiano Law, LLC

If you believe that a stockbroker has failed to act legally or ethically with your funds, contact the Denver stockbroker malpractice attorneys at Cristiano Law, LLC. We are ready to put our experience and resources to work for you.

For more than 33 years, our dedicated and trusted lawyers have been upholding the belief that the practice of law is a helping profession. This means that, when trust the attorneys at Cristiano Law, LLC with your claim, you will be able to trust that your case is being handled with the respect and care it deserves, that it will not be passed off to inexperienced associates and that you will have the best chances of getting both the justice and compensation you deserve.

You Are Invited to an Initial Consult to Learn More…

To set up a meeting with one of our attorneys, call us at (303) 407-1777 or email us using the form on this page.

Evening and weekend appointments are available for your convenience, and our attorneys can commute to your city or town to meet you to ensure that you get the legal help you need wherever you may need it.

Categories: Blog, Stockbroker Malpractice