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Breach Of Fiduciary Duty WE ARE READY TO HELP

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.

Contact us online or 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
  • $16 Million+ Settlement

    Business Fraud: This eight figure settlement was against a large insurance company. In this case, the plaintiffs argued the company had discriminated based on age and race, and had conspired to throw cases out based on this criteria.

  • $2.5 Million Settlement

    Breach of Contract Case: This $2.5M settlement was against a financier for breach of contract. Plaintiff alleged that this breach caused his development project to go bankrupt.

  • $2 Million Settlement

    Brokerage Breach of Fiduciary Duty.

  • $1.7 Million Settlement

    FINRA Violations Lead To a $1.7M Settlement: $1,700,000 verdict was delivered against an International Broker/Dealer for FINRA violations and unauthorized trading.

  • $1.5 Million Settlement

    Loss of Assets in Brokerage Account Case: Settled for $1.5M. This case involved the unauthorized transfer of assets, which also was an issue of elder abuse. It was resolved after arbitration.

recent news

read our securities & stock broker fraud blog
  • 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


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