Arizona Stockbroker Misconduct Attorney
Stockbrokers must follow the "know your customer" rule and recommend investments that are suitable in light of their customers' age, financial condition, tax status, investment objectives, other investments and investment experience, time horizon, risk tolerance and liquidity needs. Stockbrokers must also place their customers' interests ahead of their own, disclose risks and fees, recommend an appropriate investment strategy, and offer only products approved by their firm. At its core, the stockbroker-customer relationship is about trust.
The attorneys of Bade Baskin Richards represent both investors and stockbrokers when that relationship has gone awry. From our law office in the Phoenix suburb of Tempe, we serve clients in Arizona and throughout the southwestern United States. Our attorneys are admitted to practice only in Arizona, and we associate with local counsel to handle cases in other jurisdictions.
Our lawyers prosecute and defend claims arising out of alleged stockbroker fraud and misconduct, such as:
- Churning, unauthorized trading, misrepresentations, omissions and other types of securities fraud
- Selling away, which means selling investments not approved by the brokerage firm
- Unsuitable investments based on the investor's age, risk tolerance or other factors
- Licensing issues
- Portfolio pumping
- Negligence and fraudulent misrepresentation
- Ponzi schemes
- Penny stock fraud
- Disclosure failures
- Negligent or otherwise inadequate supervision of securities professionals
- False and misleading disclosures
- Theft of client funds
When a broker lies, accepts kickbacks for recommending unsuitable investments, or commits any another type of stockbroker fraud or misconduct, investors can lose their money. When a stockbroker is accused of misconduct or fraud, his or her career is at risk and criminal charges may be looming.
If you are accused of fraud, your choice an attorney to represent you is one of the most important decisions you will make. Alan Baskin has more than 20 years of securities law experience, including seven years prosecuting these types of cases administratively, civilly and criminally, first as senior counsel in the Enforcement Section of the Securities Division of the Arizona Corporation Commission, and then as an Assistant Attorney General in the Organized Crime and Fraud Section of the Arizona Attorney General's Office. Bill Richards spent 11 years handling securities industry disputes on behalf of several large brokerage firms, and has broadened his practice to include investor representation.
In addition to matters involving from customer disputes, our lawyers handle employment law matters including termination, discrimination and raiding cases.
For More Information About Stockbroker Fraud and Misconduct
For more information or to schedule a consultation with Phoenix stockbroker fraud attorney Alan Baskin, call 888-366-1847 or fill out the contact form on this site.
