Does Your Broker Owe You Money?

By: Daniel R. Solin

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Synopsis: They say you only need to trust four people: your shrink, your lawyer, your priest, and your broker. However, many Americans have learned that placing unconditional trust in a broker was a mistake. An unprecedented number of inexperienced investors are now in the market, and many of the staggering losses incurred by them in the last two years were caused by broker fraud. If you lost money, were you a victim of the market, of your own inexperience, or of fraud? Can the law get your money back? In Does Your Broker Owe You Money? securities attorney Daniel Solin describes how the brokerage business works and how unscrupulous brokers profit illegally. Solin explains common forms of broker fraud -- such as churning, frontrunning, and unauthorized trading -- as well as more subtle forms such as inappropriate diversification. In clear terms, he helps you determine if you have a claim. Most important, he outlines what to do next, walking you through the arbitration process -- the means by which most such cases are resolved.