Unauthorized Trade

Unauthorized transactions are trades your broker makes in your account without your permission or authorization. But if you have a margin account and the value of the account falls below your firm’s requirements, your broker may be able to sell your securities without consulting you first. This would not be an unauthorized transaction if your account agreement allows your broker to sell your securities, even without notice to you, to collect the money you have borrowed.

The major securities industry self-regulatory organizations have rules prohibiting unauthorized transactions. If you believe your broker made unauthorized transactions in your account or engaged in another sales practice abuse, please contact Wittenberg Law to discuss your legal rights and options.

If you suspect that your financial adviser has engaged in unauthorized trading in your account(s), please contact Wittenberg Law to discuss your legal rights and options.