Are you the victim of the overuse of margin by your financial advisor? If so, the securities attorneys of The White Law Group may be able to help you recover your losses through a FINRA arbitration claim.
The White Law Group continues to file FINRA arbitration cases on behalf of clients who have suffered losses as a result of excessive margin.
Many complaints arise from problems which occur when a portfolio is on margin, i.e. trading with money borrowed from the brokerage firm. A customer may complain that the broker put the account on margin without his prior authorization. More frequently however, the problem is not that the account was put on margin without any prior authorization, but rather that the broker put the account on margin without explaining the risks and problems associated with margin trading. Since a margin account involves trading with borrowed funds, there are special risks associated with margin that must be explained to a customer at the outset. When a customer receives “margin calls” which he does not understand or is shocked to discover that positions in his account are being liquidated due to margin maintenance requirements, it may reflect the fact that he never understood margin properly from the outset, and therefore he did not knowingly consent to the use of margin in his account.
Overuse of margin may result in significant losses.
If you believe that you have been the victim of excessive margin, please call the securities attorneys of The White Law Group 772-242-9330 for a free consultation.
The White Law Group is a national securities fraud, securities arbitration, and investor protection law firm with offices in Chicago, Illinois and Vero Beach, Florida.
For more information on The White Law Group, visit http://www.whitesecuritieslaw.com.