Active Brokerage Account:
The purpose of this post is to provide the reader with a general description of the phrase “active brokerage account.” Please keep in mind that this information is being provided for educational purposes only and is not designed to be complete in all material respects. Thus, this information should not be relied upon as providing legal or investment advice. If you have any questions relative to this post, you should contact a qualified professional.
An active brokerage account simply is an account in which there are many transactions. An active brokerage account will generate more commission revenue for the brokerage firm and its account executives than an inactive account. The question for the average investor is how much is too much. When does the activity in the client’s account benefit the client as opposed to the firm? When does the solicited activity by the firm and its account executives rise to the level of a breach of their fiduciary duties to the customer? The answer to these questions depends on the facts of each case. Consequently, if the reader has any questions concerning whether or not the activity solicited in his or her account was appropriate, it is imperative that the reader contact a qualified professional to review the activity in an attempt to make this determination.
With extensive courtroom, arbitration and mediation experience and an in-depth understanding of securities law, our firm provides all of our clients with the personal service they deserve. Handling cases worth $25,000 or more, we represent clients throughout Florida and across the United States, as well as for foreign individuals that invested in U.S. banks or brokerage firms. Contact us to arrange your free initial consultation.
At the Fort Lauderdale Law Office of Russell L. Forkey, we represent clients throughout South and Central Florida, including Fort Lauderdale, West Palm Beach, Boca Raton, Sunrise, Plantation, Coral Springs, Deerfield Beach, Pompano Beach, Delray, Boynton Beach, Hollywood, Lake Worth, Royal Palm Beach, Manalapan, Jupiter, Gulf Stream, Wellington, Fort Pierce, Stuart, Palm City, Jupiter, Miami, Orlando, Maitland, Winter Park, Altamonte Springs, Lake Mary, Heathrow, Melbourne, Palm Bay, Cocoa Beach, Vero Beach, Daytona Beach, Deland, New Smyrna Beach, Ormand Beach, Broward County, Palm Beach County, Dade County, Orange County, Seminole County, Martin County, Brevard County, Indian River County, Volusia County and Monroe County, Florida. The law office of Russell L. Forkey also represents South American, Canadian and other foreign residents that do business with U.S. financial institutions, investment advisors, brokerage and precious metal firms.