Handling Broker Negligence Cases In Florida State Courts
Russell L. Forkey, P.A. represents clients in a broad range of state court litigation, including claims involving allegations of broker negligence.
Relationships between brokers and clients come in three distinct forms:
- Discretionary accounts
- Nondiscretionary account
- Hybrid account
In a legal dispute between a broker and a client, the duties of the broker are defined by the specific nature of the broker-client relationship. For instance, the duties brokers carry when handling nondiscretionary accounts include:
- Recommending stocks only after a thorough analysis
- Carrying out orders in a manner best suited to the client’s interests
- Informing clients of potential risks in regard to the purchase or sale of a security
- Refraining from self-dealing
- Making transactions on a client account only after receiving authorization
In handling broker negligence claims, an attorney must take a number of factors into consideration, including the nature of the broker-client relationship and the duties that relationship entails. With more than 30 years of experience, attorney Russell L. Forkey is well-versed in the nuances of these business relationships and can help you understand your possession in such a dispute.
Discuss Your Broker Negligence Claim With An Experienced Attorney
If you are engaged in state court litigation regarding allegations of broker fraud or negligence, we can provide you with the experienced advice and advocacy you need. To arrange your free initial consultation, call our Boca Raton law offices at 954-514-9605 or contact us online.