Southeastern Michigan and Central and Northern Indiana Broker Misconduct Lawyer
When you have invested a lifetime of hard work and money, losing your investment as a result of broker misconduct or negligence can be devastating. When this happens, you may have recourse under the law to recover all or part of your loss. In pursuing your claim, finding the right legal guidance can make all the difference.
At the office of Kevin P. Cummings, Attorney and Counselor at Law, in Brighton, Michigan, I have extensive experience representing clients in broker fraud and misconduct claims in Southeastern Michigan and Central and Northern Indiana. Every day, clients benefit from my unique range of experience and depth of perspective in this complex and technical area of law. Prior to opening my own practice, I worked for a leading financial services and insurance firm, and I also hold multiple securities licenses.
Call 810-494-7194 or contact me online to schedule a complimentary initial consultation to discuss your claim of broker fraud or misconduct.
In Pursuing Broker Misconduct Claims, Experience Matters
Investors often turn to investment specialists, including brokers, to assist them in making informed choices. Most investors are able to locate reliable and honest agents; however, when stock market fraud occurs as a result of broker misconduct, an investor could be entitled to certain avenues of recourse under the law.
Stock broker fraud or misconduct can include a wide range of actions, including:
- Suggesting investments that are not suitable for your risk tolerance
- Churning (excessive trading to generate commissions)
- Recommending variable annuities that are not suitable for you
- Misrepresenting or omitting facts to gain your interest or trust
- Negligence
- Manipulating stocks ("pump and dump")
- Failing to process orders in a timely fashion
- Entering orders with mistakes
- Theft
- Forgery
- Unauthorized trading / discretionary trading
- Selling away
It is important to remember, however, that just because you lost money does not necessarily mean you have a claim. The law governing securities is complicated, and determining whether you have an actionable claim requires careful assessment of your situation by an experienced securities attorney. I will work closely with you to determine whether your situation is actionable, and if so, chart a course of action to secure a just and fair recovery for your losses.
The Supervisory Responsibility of Brokerage Houses
Under the civil law, including the theory of respondeat superior, the brokerage house, as the employer of the investment broker, can be ultimately responsible for fraud or negligence committed by its agents -- particularly where the employer knows of the misconduct but does nothing to remedy the problem. I will work hard to recover most or all of your investment through appropriate legal action against both the individual broker and the brokerage house.
Arbitration of Misconduct Claims
Many, if not most, brokerage agreements contain arbitration clauses which prevent investors from seeking recourse through a traditional lawsuit. Having worked with many of these agreements over the years, I am skilled at understanding and explaining the fine print to my clients. My job is to provide you an honest assessment of your situation and the options available to you.
Schedule a Complimentary Initial Consultation
Call 810-494-7194 or contact me online to schedule a free initial consultation.
My office is located in the Mill Parke Pond office suites in downtown Brighton and is open 8:30 am and 5:00 pm Monday through Friday. Appointments for other times and locations are also available. For your convenience, credit cards are accepted.
Knowledge. Experience. Perspective.
 | Kevin P. Cummings |