Unauthorized Trading

If your broker, investment professional, or investment adviser performs a financial action or authorizes a transaction in your investment account or brokerage account without your permission, they have committed an unauthorized trade. Unauthorized trading can occur in several forms and may involve various financial products, securities, or investment accounts. Investors can file a claim to seek compensation for losses resulting from unauthorized trading. Such actions may involve fraudulent or deceitful practices, fraudulent schemes, or deceptive practices. The firm or brokerage firm involved has legal and regulatory responsibilities in these cases, and both brokers and investment firms must adhere to all applicable rule and rules to avoid regulatory sanctions. FINRA rules and SEC rules, including SEC Rule 10b-5, specifically prohibit brokers from making trades in a customer's account without proper authorization and prohibit engaging in fraudulent, deceptive, or manipulative practices in connection with securities transactions.

Our attorneys at Eccleston Law have provided high-quality legal services and representation to those who have fallen victim to unauthorized trading nationwide. Claims related to unauthorized trading are handled through arbitration. Consulting with a lawyer is crucial for those who have concerns about unauthorized trading or suspect deceptive practices. 

Schedule a phone conference with an attorney at Eccleston Law today. 

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Frequently Asked Questions

What is unauthorized trading? 

Unauthorized trading occurs when a broker or financial advisor makes trades in your account without your permission or without having discretionary authority. Unless you've signed a written agreement giving them control, every trade should be explicitly approved by you.

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Michael E.

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Marci M.

Thank You from the bottom of our hearts for all you have done for us. When we realized this was a very bad investment - we did not know where to turn for help. Then we received your name. When we called you - you were so kind to us and then agreed to help us. For this we are so very grateful. The world would be a much nicer place if there were more people like the two of you in it. We will always remember all the help and kindness you have shown us. Thank you so very very much for everything.

Wayne and Judy S.

Jim, Stephany and the whole team were a God send.  We felt like we were put into a situation where we had no advocate. Jim's team came in with a strong, well laid out strategy on how to get our story heard. Where our outside compliance company had no ability to help, our Broker Dealer was impenitent, and the regulators were aggressive pursuing vague rules, Jim came like a barricade against an assault we did not understand. Though you pay member dues to be affiliated with FINRA and a B/D, you have no voice. The only thing that is truly heard in this un-level playing field is a bulldog's bark like Jim's. I would encourage anyone to call Jim and his team to find a real ally in the tough and complicated world of securities regulation. They are truly the best.

Greg P.

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John O.

As a financial advisor with over 20 years of experience, I feel fortunate to call Jim my attorney and friend. He is a fantastic lawyer and trusted advisor. He is skilled in the matters necessary to do the job well. He uses his thoughtful approach and calm demeanor to achieve a positive outcome for the client. If you want to feel confident that nothing will be missed and that you will be represented in a highly professional manner, call Jim Eccleston.

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