March 3, 2016- Des Moines, Iowa
A Financial Industry Regulatory Authority (FINRA) arbitration panel ordered Sagepoint Financial to pay $57,500 to a wife who brought the action against Sagepoint alleging that they allowed her husband, who was an employee of Sagepoint, to trade her account without her authorization. The panel also awarded interests and costs. FINRA Case# 15-473.
Brokers have a duty to only follow the orders of those who you have authorized in writing to control your brokerage account.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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