Unless the broker has a signed authorization to do discretionary trading, he/she must get prior authorization from the customer before exercising any trade. Most trades with stock brokers are completed orally over the telephone. Therefore, there is rarely any written evidence of a request for a buy or sale of stock or other security. As a result, we often see transactions which were never authorized by the customer and it is very difficult to prove whether the request for the trade was ever made.
Attorney Eric Ludin has years of experience dealing with this situation which is often referred to as a "swearing match." Each case is unique and requires a detailed investigation into the reasonableness of the challenged transaction and prior course of conduct. When retaining an attorney to represent you in this type of case, it is important to select one who is familiar with how a broker/dealer operates, the branch office manager's obligations, and the documentation the firm needs in order to complete a trade.
Securities attorney, Eric Ludin, has years of experience arbitrating claims against brokerage firms who defraud their customers. He has lectured and had his articles published on the topic of stock broker malfeasance. He serves as an arbitrator for the Financial Industry Regulatory Authority, Inc. (FINRA) and is well suited to analyze and pursue your claim.
