New York Times Highlights Stockbroker Misconduct

In a series of recent articles, the New York Times has focused on stockbroker misconduct. The newspaper has specifically highlighted brokerage firms that “specialize” in employing brokers with disciplinary histories. In an article first published earlier this year, the Times looked at which firms employ the highest percentage of brokers who have at least one instance of prior misconduct. The paper followed up this past week, with an article that looks in-depth at a few firms in upstate New York with particularly high percentages of brokers who have been disciplined. Both articles drew on a fascinating paper titled “The Market for Financial Adviser Misconduct,” which was written by a group of professors studying the labor market for stockbrokers with a history of misconduct.

To find out if your stockbroker has any disciplinary history, you can look them up through FINRA’s BrokerCheck tool.  If you suspect any broker-related misconduct with your account, contact the experienced investment fraud attorneys at Halling & Cayo for a free consultation.

Sean M. Sweeney is a shareholder at Halling and Cayo, a full service law firm in Milwaukee, WI and the head of its Securities Litigation team.

He represents individual and institutional investors in FINRA arbitration and court nationwide. He recovers investment losses from fraud or breach of duty from their broker-dealer.

Contact him at (414) 755-5020 or via e-mail at to see if he can help recover your funds.