Attorney Seth Hill from Halling & Cayo, S.C. discusses the most common case around getting taken advantage of by their brokers.

What are the most Common Securities Cases?

  • Being taken advantage of by a broker
  • Being advantage of by a broker dealer
  • Not paying attention to actions your broker is taking in your account
  • Not tracking conversations and information exchanged with their broker

“So I think the most common type of case we come across in the securities litigation team is someone who’s been taken advantage of by a broker or broker dealer. I think generally what you find is people start a relationship with someone that they trust. Usually they’re friends with them and then they’re not really paying attention to what this person is doing in their account and they end up seeing substantial losses. Then it’s to a situation where they need to call and talk to an attorney. I think the first thing you should probably do, and I think this is true of securities litigation or any litigation, is that once you realize there’s a problem, start keeping track of what you’re doing and the conversations that you’re having with who and taking notes on those conversations, times, dates, who you’re talking to, what you’re talking about, what people are saying. It’s easy to get all of the information that you have for the case. What ends up being lost in translation is all of these early conversations and the things that the parties talk about before litigation starts in the case and they don’t remember exactly what’s said. And those often end up being important conversations that have a very different meaning or very different memories of what happened during that conversation.”

The Securities Lawyers practice group at Halling & Cayo, S.C. can help. We take cases all over the country, and we only get paid if we win. Contact us to set up a meeting to review your case.