Posted in: FINRA | SEC | Greedy Brokers | Risky Investments |
Many investors have just received their quarterly and annual statements from their brokers.
It is important for you to check every statement diligently, regardless of performance. If you don’t, there is no way of determining if something is wrong until it is too late.
As mentioned on this blog, overall market performance - or even one’s portfolio - can distract from stock broker misconduct. If you don’t review your statements, it is easier for a broker to churn an account or withdraw money. And don’t forget that even when published results in the newspaper seem to show that the stock went up, that doesn’t mean that you did as well.
As the New York Times noted, many individual investors in 2009 missed a decent percentage of the gains.
If you invested your money with a broker in 2009, check your statements to see how you really fared. If you have already checked, look closer, because this information is easiest way for an investor to learn if they have been the victim of stock broker misconduct.
