Breach Of Fiduciary Duty

Breach of Fiduciary Duty Lawyers in Baltimore

“Broker misconduct” is an umbrella term that refers to a range of ways a broker can betray the trust of his or her investors. A broker should be a source of appropriate recommendations, transparent information, and honest advice.

They are an investor’s connections to Wall Street, and should be recommending suitable investments to their clients and helping them create a diversified portfolio. The broker-investor relationship relies on the ability to trust the broker to provide suitable recommendations and treat their clients fairly. Brokers must act in the best interests of clients throughout the investment relationship.

The basic responsibility held by brokers is the duty of fair dealing. The duty of fair dealing is, in essence, a broker’s promise to disclose all facts relating to an investment, follow client instructions, ensure investments are suitable, and charge fair market rates. Investors trust brokers to steer them in the right direction regarding investments, and advise them candidly.

Brokers have many professional duties during the broker-­client relationship, including (but not limited to):

  • Making suitable recommendations.
  • Making fair and balanced risk disclosures.
  • Managing a client’s investment portfolio.
  • Disclosing conflicts of interest. Researching financial markets.
  • Monitoring clients’ investments.
  • Reporting information to clients.

The Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), the federal securities laws and the state securities laws have strict rules and regulations when it comes to a broker’s conduct. Although these rules exist, there will always be unscrupulous brokerage firms that abuse their position.

These firms push their brokers to recommend poor investments in order to increase their own profits at the expense of their clients.

Without truthful and complete disclosures, scheming brokers sell unsuitable investments and mislead their clients to their detriment. Securities fraud and misconduct run the gamut from simple acts of misrepresentation to large and complex ponzi schemes.

Call 410-LAW-FIRM if you feel you've been a victim of broker misconduct. Broker misconduct, or securities fraud, can cost a family hundreds of thousands of dollars in an instant.

Results That Matter

For People Who matter to US
  • $12 Million $12 Million+
  • $10 Million $10 Million
  • $7 Million $7 Million
  • $6 Million $6 Million
  • $5 Million $5 Million
  • $5 Million $5 Million
  • $1.7 Million $1.7 Million
  • $1.7 Million $1.7 Million+
  • $1.4 Million $1.4 Million
  • $900 Thousand $900,000
  • Merrill Settles Claim for $4.25 Million Regarding Suitability Allegations

  • Brian Leggett and Bryson Holdings, LLC v. Wells Fargo Clearing Services, et al
  • FINRA To Hire A Law Firm to Review Arbitrator Selection After Judge Rebukes FINRA in Vacating a Wells Fargo Award
  • $950,000 Fine to Merrill – Flawed Supervision Allowed Two Advisors to Steal $6M
  • In An Order To Vacate Award By Wells Fargo, Judge Scolds FINRA Arbitration
  • Read More On Our Securities & Stock Broker Fraud Blog
  • “Daniel Miller was amazing! He was attentive, accommodating, patient, and very comforting to me and my son, after our car accident. I really recommend his practice!” - Jennifer C.
  • “The lawyers at Miller Stern are top-notch! I have needed their services on several occasions and have referred them to family and friends.” - Former Client
  • “My daughter was in a car accident and was injured. We worked with Dan Miller throughout the process and received the settlement we deserved.” - Andrew R.
  • “Kevin Stern is an excellent lawyer with unmatched expertise, especially within the area of medical malpractice.” - Kelly G.
  • “This law firm is full of some of the most professional and selfless people I’ve ever met.” - Coby P.

    Get Started Today

    Our attorneys are dedicated to helping you win. Contact us online or call 410-LAW-FIRM to discuss your case with us.

    • Please enter your first name.
    • Please enter your last name.
    • Please enter your phone number.
      This isn't a valid phone number.
    • Please enter your email address.
      This isn't a valid email address.
    • Please make a selection.
    • Please enter a message.