Securities Negligence

If you bought certain stocks from Merrill Lynch, Salomon Smith Barney or other brokerage firms and lost a substantial amount of money, you may be entitled to recover.

It’s often difficult for the average investor to determine if he or she has been a victim of fraud or negligence. If you experienced large losses in your account, you should request a complete explanation from your broker. If the broker's explanation is not clear and you have doubts or questions about what’s happened, you may need an experienced attorney to assist you.

Three major brokerage firms have been investigated recently for double dealing and unscrupulous behavior: Merrill Lynch, Salomon Smith Barney and Credit Suisse First Boston.

In addition, some dishonest brokers have taken advantage of recent "bad reports" about the downturn in the stock market to practice fraud -- fraud which results in losses that may not be carefully scrutinized by the client. Some of these practices may include Churning, Unauthorized Trades, Unsuitable Investments, Failure to Place an Order, High Pressure Sales, Over Concentration, and other dishonest practices.

Brokers are entrusted with large amounts of client funds and must be above reproach to retain client trust. It is shocking to hear of their misconduct and fraud.