Item: Malecki Law
Rating: 5
Author: Mario

Authorization for Trades - Transcript

Dedicated New York Securities Lawyers Ensuring Transparency and Compliance Through Aggressive Advocacy
Authorization for trades is a fundamental aspect of securities law that protects investors from unauthorized actions by their stockbrokers and financial advisors. At Malecki Law, we help investors bring claims against their financial firms when their stock broker or financial advisor engaged in unauthorized trading. Our attorneys have more than 20 years of hands-on experience in this area, and look forward to learning more about how we can help you.

Authorized Trades and Investment Recommendations

Brokers and traders are required to seek specific authorization from their client investors before executing trades on behalf of the client. This means they must discuss the trade with you on the same day they plan to enter the transaction and obtain your explicit approval regarding the amount and nature of the investment. These rules ensure that you, as an investor, remain informed and in control of your portfolio.

Before recommending an investment, brokers must provide you with relevant details, including the associated risks, potential returns, and how it aligns with your investment objectives and risk tolerance. If a broker fails to seek proper authorization from you and/or fails to provide necessary information before making an investment recommendation, then they may have engaged in unauthorized trading in your account which you might have a claim against.

If you suspect a broker has acted without your authorization, it’s crucial to address the issue promptly. Malecki Law can help you determine whether a violation occurred and pursue compensation for any losses.

Why Is Informed Consent So Important?

The principle of informed consent ensures that you are fully aware of the decisions being made regarding your investments. When a broker fails to explain the risks or rationale for a purchasing an investment in your account, you may end up in an investment that does not align with your financial goals, investment objectives, or tolerance for risk.

For example, if a broker places trades in your account without discussing them with you, they may expose you to unnecessary risk or high fees. These unauthorized trades could quickly erode your portfolio’s value, leaving you vulnerable to substantial losses.

Malecki Law has extensive experience representing clients who have suffered due to unauthorized trades. We can help you hold brokers accountable and work toward recovering your losses.

What Can You Do If a Broker Violates Authorization Rules?

If you discover that trades have been made in your account without your authorization, it is important to act quickly. Start by gathering documentation, including account statements and any communication with your broker. This evidence will be essential in proving your case.

You may also need to report the issue to FINRA or another regulatory body. At Malecki Law, we can guide you through this process, ensuring your complaint is properly documented and pursued. Our attorneys are skilled in handling securities disputes and have a proven track record of achieving favorable outcomes for clients.

Do You Have Questions About Trade Authorization?

Brokers and traders have a legal obligation to obtain your explicit authorization before executing trades, ensuring that you remain informed and in control of your investments. If you believe your broker has violated this obligation, Malecki Law is here to help. With over 20 years of experience in securities law, our team is dedicated to protecting investors’ rights on your behalf.

To learn more about your options, call us today at 212-943-1233 to speak with a New York securities law attorney. You can also complete our confidential online contact form. Let Malecki Law provide the support you need to recover your losses and hold wrongdoers accountable.

Transcript:
Must speak to an investor on the same day they are entering the transaction within a timely basis a broker or a Trader is not allowed to put in trades for you without your specific authorization as to the amount of the investment and you need to be informed you have to be an informed investor relating to those trades as well.

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Jenice is truly a miracle worker and one of the top securities lawyers. She handled a very difficult case for us, displaying her legal knowledge, intelligence, and savviness throughout the process. I cannot recommend her enough. The quality of work from her team rivals that of corporate law firms. She was always available, extremely professional, and made sure to know all the details of the case. We were very fortunate to have been referred to Jenice and highly recommend her for any securities related legal issues. Nathan A.

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To say that my securities litigation was complex would be a severe understatement. With multiple parties involved and spanning many years, trying to understand the issues was daunting to say the least. Jenice and her team broke down the transactions by segment and by party uncovering every hidden expense. In the end, I was more than happy and could not thank Jenice and her team enough. I would not hesitate to recommend Jenice to anyone. She is highly professional, incredibly knowledgeable, well connected to industry experts, has a tireless work ethic and is so pleasant and easy to communicate with. Five stars for sure! Andrew Loughrane

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