Securities Arbitration Lawyers Blog7 Telltale Signs of Broker Fraud
How do I know if my stockbroker has defrauded me?
Stockbrokers and financial advisors have a legal duty to put your financial well-being before their own when they make decisions about your investments. However, some financial professionals aren’t willing to wait until you make money to increase their profits.
According to the Federal Trade Commission, 30.2 million people are defrauded each year for losses that total close to $3 billion. While a significant amount of this is the result of broker fraud, surveys indicate that only 20 to 50 percent of fraud is ever reported.