How the Process Works

Florida Brokerage Firm Negligence Lawyer

Independent investors often seek assistance from a qualified financial professional when investing in the stock market. The investor is under the impression that the stockbroker will oversee their funds and do everything possible to protect the client’s money. When a broker mismanages a client’s brokerage account and looses money, the investor may feel cheated, violated and defrauded.

At Dickenson, Murphy, Rex & Sloan, P.A. in Boca Raton, Florida, we represent investors harmed by securities fraud. Our Securities Practice Group has filed lawsuits against the broker responsible for mishandling a brokerage account, as well as the brokerage firm, whose negligence may have contributed to an investor’s economic losses.

How Does the Process Work?

Securities fraud cases are complex. You will need an experienced stock fraud attorney with a comprehensive understanding of the peculiarities of securities fraud law. Our lawyers put nearly 20 years of experience and extensive legal and economic backgrounds to work to thoroughly evaluate your case.

The first step is to determine the full financial effects of your broker’s actions. Our firm works closely with a skilled forensic accountant, who will analyze your brokerage account statements and compute the actual economic losses sustained. Next, we evaluate those losses by considering:

• Account activity
• Prevailing market conditions at the time of your losses
• Brokerage firm commission/margin charges
• Trading patterns in the account
• Whether the securities were recommended by the broker
• Whether the investments were suitable for your portfolio

Securities Arbitration vs. Litigation

Should we determine that impropriety by your broker or brokerage firm resulted in an economic loss, we will recommend that you take your case to securities arbitration or litigation. Most brokerage agreements include an arbitration clause, which requires investors to try their case before a panel of 3 arbitrators. These arbitrators serve the function of the judge and jury.

Securities arbitration cases are tried through FINRA (formerly the National Association of Securities Dealers, NASD) or the New York Stock Exchange (NYSE) arbitration process. A panel, comprised of 3 arbitrators, will hear the facts of your case over a period of 3 to 4 days and render a decision. An experienced securities fraud lawyer will advocate on your behalf every step of the way. Call 561.391.1900 for more information about how we can help you.

We Protect the Interests of Investors

To learn more about how the process works, contact Dickenson, Murphy, Rex & Sloan, P.A. in Boca Raton, Florida. We will discuss your case with you free of charge. Our firm handles securities cases nationally and internationally.  In addition to handling cases in over 30 states, we have also handled cases against U.S. broker-dealers offices located in  Venezuela, Chile, Colombia, the United Kingdom and the Channel Islands.  Please call 561.391.1900 to learn more.

We serve clients on a national level. Locally, our Securities Practice Group caters to clients throughout Palm Beach and Broward counties, including Boca Raton, Boynton, Cape Coral, Delray Beach, Fort Lauderdale, Gainesville, Hialeah, Jacksonville, Jupiter, Lakeland, Miami, Orlando, Pembroke Pines, Pompano Beach, Port St. Lucie, St. Petersburg, Sunrise, Tallahassee, Tampa, Wellington and Weston.