June 11, 2014

Picking up from where we left off in 5 Mistakes to Avoid When You Suspect Stockbroker Malpractice (Pt. 1), below we will continue discussing how to protect your rights when you believe that you have been the subject of stockbroker malpractice.

Continuing to make trades on your account when you suspect stockbroker malpractice is a common mistake to avoid in order to protect your rights.

Continuing to make trades on your account when you suspect stockbroker malpractice is a common mistake to avoid in order to protect your rights.

Some of the additional common mistakes to avoid making include:

Mistake 3. Making a Statement on a Recorded Call

If you end up calling your stockbroker to talk about your concerns regarding your funds and accounts, you may be informed that your conversation is being recorded.

Although you may feel like you have a rapport with your broker and may be inclined to try to talk things out over the phone, you should consider recorded conversations to be a red flag that what you say may later be used against you if you try to bring a claim against the firm. In such cases, avoid making an official recorded statement. In many cases, brokers are trained as to how to get you to say things that could partially or fully absolve them of their liability.

Mistake 4. Continuing to Make Trades on Your Account

Whether you trade online or call your broker to make trades on your behalf, it’s crucial that you stop making trades (and logging into your online account) if or when you suspect that you’ve been subject to stockbroker malpractice. The fact is that a continued pattern of trades or login efforts into your account could be used against you later.

In fact, corporate lawyers for a firm may try to argue that your ongoing trading after the alleged malpractice is evidence that you agreed to such actions (in the case that the actions are making aggressive investments), that you are an experienced trader (given the number of logins to your account), etc. Instead, protect your rights by halting all of your trades and speaking to a stockbroker malpractice attorney as soon as possible.

Mistake 5. Not Hiring an Experienced Attorney to Represent You

This is the most common mistake people make when they suspect stockbroker malpractice. The bottom line is that stockbrokers, investment firms and their lawyers are extremely experienced at defending themselves against claims of malpractice; therefore, you should make sure you have an experienced attorney on your side to advocate your rights and go up against these corporate lawyers.

Denver Stockbroker Malpractice Lawyers at Cristiano Law, LLC

If you believe that a stockbroker has failed to act legally or ethically with your funds, the Denver stockbroker malpractice attorneys at Cristiano Law, LLC are ready to put their 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.

When you choose the superior legal representation offered by the attorneys at Cristiano Law, LLC, 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.

Contact Us Today

To set up an initial consultation with one of our Denver stockbroker malpractice lawyers, 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