In this period of rapidly deflating stock portfolios, Johnston Tobey, P.C. represents a growing number of investors seeking damages against a stockbroker for the following types of improper action:
Unsuitability - Federal regulations require brokers to suggest investments that are appropriate or well suited to their clients' needs and circumstances.
Churning - Brokers whose compensation is based partly on the number of shares traded must not suggest trades simply to pad their own accounts.
Unauthorized Trading - Brokers are required to gain authorization for trades from their clients and not purchase stocks for a client without authorization.
Fraud - These are the very lies and misrepresentations that have made people suspicious of stockbrokers and money managers for decades.
Stockbroker fraud actions rarely go to trial but are decided by a panel of arbitrators.