Do You Know How to Recover Damages for Unauthorized Trading Claims?

You gave your broker authorization to make certain trades on your behalf. You did not grant unlimited authorization. Unauthorized trading is a form of Ohio broker misconduct. Learn how to recover investment losses from unauthorized trading.

Proving an Unauthorized Trading Transaction Occurred

The first step in recovering damages is determining whether your Ohio broker may have engaged in unauthorized trading. To recover damages from a brokerage firm for unauthorized trading, you and your Ohio investment fraud attorney must gather evidence to prove that:

• An unauthorized transaction took place.
• You did not grant your broker prior permission to make the trade.
• You suffered a financial loss because of your broker's unauthorized transaction.

Notice that the broker's intentions are irrelevant to your recovery. Even if your broker thought that he was acting in your best interest, he may still have committed an unauthorized transaction if he did not have your prior permission to make the trade.

To find out more about investment misconduct, read our free book, Five Signs of Investment Fraud... And What to do if it Happens to You.

Recovering Damages for Unauthorized Trading

Generally, a court will not hear your unauthorized trading claim. Instead, your Ohio investment fraud lawyer will represent your interests before the Financial Industry Regulatory Authority (FIRA) and zealously advocate for your just recovery through the arbitration process.

The Law Firm of Meyer Wilson has the experience, skills, and resources that you need to succeed in arbitration and to recover damages for the financial wrong that has been done to you. Our nationally recognized law firm is the only one in Ohio devoted exclusively to individual investor claims and class actions.

To talk to one of our experienced lawyers about what to do when you have been harmed by an unauthorized trade, please use our online contact form or call us at 1.866.827.6437.