"Selling away" occurs when a broker attempts to sell securities that are not approved by or a part of the brokerage firm's investment products. In order for a firm to properly supervise investor accounts, the brokerage house must offer products that are suitable for the firm's client base. When a broker steps away from the firm and offers investments or securities that have not been approved by the brokerage firm for which he/she works, then selling away has taken place. If you feel you may be a victim of selling away, a knowledgeable and experienced California securities fraud attorney from our firm can assist you in bringing a resolution to your securities dispute.
If you have lost money on an investment that you believe was made using the selling away technique, there are a few signs to look out for including:
- The broker tells you that the investment is a "secret" product that cannot be discussed with the other brokers in the firm.
- The broker offers a "special" security not available through the investment firm, only through him/her.
- The broker asks for the payment for the purchase of the investment to be made to someone other than the firm such as himself/herself or a third party.
Investment in securities can be a risky endeavor. When you lose money due to the misconduct of your broker or your brokerage firm it's important to have legal representation with the skill and experience to protect your interest in a securities dispute.
Investment Fraud Attorney Serving California
When attempting to determine if your stock broker or brokerage firm is involved in fraudulent activity concerning your investment portfolio, having the representation of the skilled and proven legal professionals from our firm can make a profound difference in the outcome of your case. With 35 years of experience representing clients in the field of securities fraud, the attorneys at The Law Offices of Jonathan W. Evans & Associates are committed to taking the time to get to know you and every detail of your case in order to launch a thorough and successful strategy for resolving your securities challenge.
Contact a California securities fraud lawyer from our firm today to discuss your legal rights and options.
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