Item: Malecki Law
Rating: 5
Author: Mario

What Can Investors Do if There Is Unauthorized Trading, Churning or the Like? - Transcript

Dedicated Securities Law Attorneys Holding Financial Professionals Accountable for Their Misconduct

Unauthorized trading, churning, and overconcentration are serious forms of broker misconduct that can result in significant financial losses for investors. These cases are highly technical and require an in-depth understanding of securities laws and practices. At Malecki Law, we work to protect investors from being taken advantage of by brokerage firms and ensure their claims are pursued effectively from the very start.

What Are Unauthorized Trading, Churning, and Overconcentration?

Each of these forms of misconduct involves a breach of an advisor’s fiduciary duty or a broker’s failure to act with your best interests in mind, as well as a violation of relevant industry standards:

Unauthorized Trading: When a broker places trades in your account without your prior approval, it constitutes unauthorized trading. This violates your right to control your investments and can lead to unnecessary risks or losses.
Churning: Churning occurs when a broker engages in excessive trading in your account solely to generate commissions or fees. This practice erodes your investment’s value without providing meaningful financial benefits.
Overconcentration: Overconcentration involves placing a significant portion of your portfolio into a single investment or asset class, exposing you to heightened risk. A diversified portfolio is essential to managing risk, and brokers are expected to avoid creating an unbalanced investment strategy or exposing your accounts to overconcentration.

If you suspect any of these actions have occurred, it’s essential to act quickly. These cases often involve complex evidence and legal arguments, making it vital to seek experienced legal representation early in the process.

Why Do You Need a Securities Lawyer?

Attempting to address claims of unauthorized trading, churning, or overconcentration on your own can put you at a significant disadvantage. Brokerage firms often employ sophisticated legal teams skilled in using “lawyer speak” to shift blame or minimize liability. They may try to exploit your lack of familiarity with industry terms and legal processes to corner you into making admissions that weaken your case.

A securities lawyer acts as your advocate, ensuring your rights are protected and your claims are presented effectively. Key reasons to hire an experienced securities lawyer include:

Navigating Complex Regulations: Securities laws and FINRA rules are intricate and require specialized knowledge.
Preventing Costly Mistakes: Early missteps in how claims are framed or evidence is presented can harm your case.
Leveling the Playing Field: A lawyer ensures that brokerage firms cannot take advantage of you during arbitration or litigation.

At Malecki Law, we have decades of experience representing investors in cases involving unauthorized trading, churning, and overconcentration. Our team ensures that your claims are handled properly from the very beginning.

What Steps Should Investors Take?

If you suspect unauthorized trading, churning, or overconcentration in your account, take the following steps:

Gather Documentation: Collect account statements, trade confirmations, and any communications with your broker. These documents are crucial for proving your case.
Stop Contacting the Firm: Avoid direct communication with the brokerage firm to prevent unintentional admissions that could be used against you.
Consult a Securities Lawyer: Engage an experienced securities lawyer immediately to review your case and advise you on the best course of action.
File a Complaint: Your lawyer can help you file a complaint with FINRA or pursue arbitration, depending on the circumstances.

Acting quickly is essential, as delays can result in lost evidence or missed deadlines. At Malecki Law, we work with clients from the earliest stages of their claims, ensuring they are prepared to confront brokerage firms and recover their losses.

Do You Suspect Unauthorized Trading or Churning in Your Account?

If you’ve experienced unauthorized trading, excessive fees from churning, or heightened risks from overconcentration, Malecki Law is here to help. Our attorneys have the experience and knowledge needed to handle these highly technical cases and protect your financial future.

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 and we will promptly get back to you. We represent investors in New York, throughout the United States, and across the globe.

Transcript:

If fear has been unauthorized trading churning or over concentration these are very highly technical cases and there is a way to try these cases and firms if you reach out to them on your own are likely going to take advantage of your lay speak as I would put it and use their lawyer speak to try to Corner you into making some admissions to make their defense stronger it is very important to understand that lawyers speak one language and lay people speak another and you really need the help of an experienced Securities lawyer to handle these cases from the very earliest point before mistakes are made.

★★★★★

I highly recommend Jenice and her team at Malecki Law. I had a challenging, and lengthly case. Jenice was professional, very knowledgeable, and a pleasure to work with. She managed to make the process far less stressful during a very difficult time. They care about their clients, and it definitely shows. Mario

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.

An excellent professional who represented us in trial regarding a bank fraud, an unexpected and difficult time. A professional that worked hard, persevering and who stood toe to toe against firms that had a team of excellent lawyers backing them up. Her unflinching determination really stands out, it makes you feel you have someone who really cares about trying to recover what you lost from the people that wronged you. Salomon Levi

It is difficult to thank you in words when gratitude comes from the heart, so I will try to link feelings with writing. It is essential for us to mention your excellence as a professional, your aptitude on legal fields, and your unavoidable persistence. All of these virtues that elevate the profession you exercise in such an admirable way, go hand in hand with your sense of ethics, your human warmth and the transparency in your actions. To sum up, thank you for being a listening ear and for having the right word while transmitting information about the legal process. Having you as our representative during such an adverse situation was a privilege and enough reason for our eternal gratitude. Angeles Aparain

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

Jenice was also special in giving us all the personal attention we needed, plus the tireless support of her crack team, over the course of ~18 mos. She talked us through every step of the way, and was open to discussing specific negotiation tactics, not glossing over anything. Dave Bliss

I recently worked with Jenice to negotiate a business buyout, and I couldn't be more pleased with the experience. From the start, Jenice was incredibly helpful and deeply invested in achieving the best possible outcome for me. Her expertise and dedication were evident in every step of the process. David

I can’t say enough about Jenice and her team- they set the standard. As an Army veteran, I deeply respect the values they reinforce while operating at a level of tenacity that is unmatched. They handled the entire process with empathy and kindness- yet were firm and honest regarding expectations and outcomes. Communication was clear and swift. Their breadth of knowledge and experience provided comfort during a stressful time and was impressive to watch unfold. I’m very happy with the outcome. Thank you Jenice and team for making giants seem extremely small. Sharron Todd

My experience with jenice was incredible. You want a lawyer who is advocate for you and fights for you with passion. She came along a time in my life that I needed an advocate who truly cared about me and my case. Highly recommend. Pat Brown

I had the privilege of working with Malecki Law, and I must say it was an outstanding experience. Jenice, Jacqueline, and Adam consistently demonstrated remarkable responsiveness, offering excellent advice that reflects their diligence and precision. Their bold and intelligent approach, combined with an excellent attitude, truly sets them apart. I highly recommend Malecki Law to anyone seeking top-notch legal assistance. Mohsen Chitsaz

Jenice Malecki, is one of the most helpful individuals Ive had the pleasure of speaking with. She is super knowledgeable. She helped me navigate the ever changing world of securities law. You will find her understanding of complex matters helpful and insightful. She is straightforward and candid. She makes your options easy to understand. I would recommend her without any hesitation. 10/5 stars! Enrique Tiburcio

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