When a stockbroker abuses the relationship that he or she has established with you due to excessive trading to generate commissions, it is called stock churning. While he or she is entrusted to make commissioned stock trades for your benefit, he or she may choose to make decisions that are not in your best interests.
If you suspect that your broker is charging commissions for unnecessary trading in the stock market, you may be able to recover funds for your financial losses. At Hutchinson Law Firm LLC, we represent people who have suffered financial losses due to stockbroker misconduct or misrepresentation from an investment adviser or investment firm.
At Hutchinson Law Firm LLC, we understand the challenges that arise with situations like these. We are highly experienced in the area of securities fraud and dedicate our entire practice to handling these cases. We are considered leaders in the field by our peers and have developed a reputation for providing legal services with the highest level of ethical standards and professionalism.
Mr. Hutchinson recently won a $5 million settlement for his client in a case involving insufficient disclose of an investment.
Stock Churning — Am I a Victim?
Investor agreements authorize brokers to buy stock and sell stocks for the benefit of their clients. Overtrading an investor's account in order to generate commissions for the stockbroker can constitute a breach of fiduciary duty. This can be considered an act of stock fraud because the broker had control over the investor's account and cased excessive and unnecessary trading to occur.
In stock churning cases, there is typically a statute of limitations that applies. In matters involving cover-up on the part of the broker, the rigid deadlines may not apply. It is important to seek advice from an experienced Denver lawyer who handles stock churning matters to get a realistic picture of your legal situation and find out your rights. Hutchinson Law Firm LLC will provide the guidance and advocacy you need.
A Denver and Colorado Springs Stock Market Fraud Attorney
You can rely on attorney Robert Hutchinson's 30 years of legal experience. He will take time to explain the legal issues involved in your case and work toward a resolution that is in your best interests. To schedule a free initial consultation, contact our firm online or by phone at 303-952-0711.
