Fighting Brokers Who Act in Their Own Best Interests Rather Than Yours
Churning happens when a broker makes an excessive number of trades on an investor's account in order to generate multiple commissions. These trades rarely, if ever, make the investor any money. In fact, the additional commissions raise the break-even point for the investor to the level where the stock must perform at an extremely high level in order for the investor to make any money.
Churning can be detected when the average number of transactions on your account increases suddenly and without explanation. If you suspect that churning may have taken place on your accounts, you should seek the advice of a qualified attorney with knowledge of churning violations as soon as possible. The Law Offices of Robert Wayne Pearce, P.A., represents clients in West Palm Beach and across the United States who have been the victim of this practice.
Representing clients throughout Florida and across the United States.
Boca Raton Churning Attorney
Churning is a violation of federal and state laws, and industry rules and regulations, if a broker exercises actual control over the account and if the broker disregards the investor's best interests. Attorney Pearce provides a complete review of your case from his Boca Raton office in order to determine if excessive trading has taken place and you have a churning claim against your stockbroker.
If sufficient evidence of churning exists to initiate an action against your broker, Mr. Pearce will explain the entire process to you and make sure that you understand what to expect as your case moves forward. The firm will do everything in its power to see that you are fully compensated for your losses.
Schedule Your Initial Consultation With a Securities and Commodities Law Attorney
Contact The Law Offices of Robert Wayne Pearce, P.A., to discuss your churning claim. The firm can be reached by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail.
