Churning is a violation of Federal and state securities statutes, industry rules and regulations and a breach of fiduciary duty to investors under common law. Churning occurs when a broker exercises control over the investment decisions in an account and purchases stocks or recommends that you purchase and sell stocks for his benefit, i.e., commissions not yours! Attorney Pearce provides a complete review of your case from his Boca Raton, Florida 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.
Representing clients throughout Florida and nationwide. Please contact our South Florida law office online, or call 561-338-0037 to schedule your free consultation.
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 or stock fraud 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 attorneys at The Law Offices of Robert Wayne Pearce, P.A., represent clients throughout Florida and across the United States who have been victims of this fraudulent practice.Free Initial Consultation With Attorneys Who Can Handle Your Churning and Excessive Trading Problems
The Law Offices of Robert Wayne Pearce, P.A. understands what is at stake in churning and excessive trading matters and constantly strives to secure the most favorable possible result. Mr. Pearce provides a complete review of your case and fully explains your legal options. The firm works to ensure that you have all of the information necessary to make a sound decision before any action is taken in your case.
For dedicated representation by a law firm with substantial experience in all kinds of securities, and commodities and investment law disputes, contact the firm by phone at 561-338-0037, toll free at 800-732-2889 or via e-mail. We can also arrange a meeting with you at offices located in Boca Raton, Fort Lauderdale, Miami and West Palm Beach, Florida and elsewhere if we believe you have a viable case.