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Why Brokers Might Fail to Disclose Information

By profession, your stockbroker is held to very high standards when it comes to handling your cash and helping you make wise investment decisions that are in line with your financial goals and risk tolerance. Unfortunately, there are many unscrupulous brokers out there who either bend the truth or outright lie about investment opportunities in order to reel you in and line their own pockets. And, as an investment misconduct lawyer, I see these kinds of cases far too often.

Why Would a Stockbroker Exaggerate, Leave Out Information, or Lie?

When you work with a broker or brokerage firm, you expect to be working with professionals you can trust. However, some unscrupulous brokers and fraudsters are out to make money for themselves at your expense. Leaving out important information that would help you make appropriate decisions about an investment could be a ploy to make more on commissions or even an attempt to drag you into a scam. Although crooked brokers only represent a small percentage, these fraudsters often harm dozens—even hundreds—of investors in their scams.

What Should I Do if I Think Something Sounds Fishy?

If you are hearing a pitch that sounds “too good to be true,” it’s important that you take the time to get everything in writing and verify what you have been told. Look into the background of your broker, the brokerage firm, and the investment itself. Ask questions about how the investment works, if your broker is paid to promote it, and what the risks are.

If you’ve already handed over your cash and suffered losses, or if you otherwise suspect stockbroker misconduct, get in contact with an experienced investment misconduct lawyer who can help you review your account and determine if you have a case.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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