Behind Your Back

Dishonesty from a broker has the capacity to greatly affect an investor’s portfolio in a negative manner. One method that is made out of pure dishonesty and has the potential to cost an investor large sums of money is unauthorized trading done by the broker. This act is essentially stealing money directly from the client’s account. These cases can be difficult to pinpoint as they are usually done stealthily and brokers typically attempt to cover up any evidence or deny the allegations. If the original investor is interested in solving this dilemma they can do so by taking immediate approach against the broker’s actions.

It is most important to realize that in unauthorized trading cases the investor will have the best chance of success if they can immediately protest the activity on their account. A fault in human nature, greed is one of the most powerful and one of the most destructive traits the human psyche is capable of acting on. Greed is capable of fully consuming people and taking their reasoning captive while they ruin many lives as well as their own. The love for money begins to outweigh their respect for others and their property. In unauthorized trading incidents, financial brokers make decisions on behalf of the client without their permission, which technically is considered stealing. The lack of confirmed approval sets them apart and makes the distinction as being official unauthorized trading. In the unfortunate event that an investor has been taken advantage of and actions involving their portfolio without their consent they can seek assistance from attorneys like those at Erez Law with a multitude of past experience.

Cases like these typically involve large sums of money and are committed by petty financial brokers. They act in secrecy and lies in order to protect their scheme that will pay for their next quarter’s bonus. These brokers are unethical betrayers of the law. Regulations and procedures attempt to keep instances like this to a minimum, but when they do occur the damages incurred are usually significant. Thankfully these incidents do not have to be the end of the road for investors who have experienced betrayal on behalf of the people they trusted their money with. Betrayal in any form is a hard event to process, but when large sums of money that most likely took decades to accrue are used in a manner that is not pleasing to you the betrayal hits even harder.

To conclude, financial brokerages can be dens of lions and snakes. Betrayal from brokers who made a commitment to protecting the financial interests of the client can be a tough pill to swallow. Thankfully there are skilled citizens who can intervene for the sake of the investor. One bad investment does not have to ruin someone’s life.

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