Ft. Lauderdale, Fl., August 28, 2018 –The Mark Tepper Law firm has issued a reminder to investors and especially to those caring for aging parents, to help identify warning signs: Unusual Activity in Brokerage Accounts can be a Red Flag.
Are you caring for aging parents?
Have you seen unusual activity in their brokerage accounts?
Are transactions being conducted with your or your parent’s knowledge?
“While the emotional toll of ensuring that aging parents get the help they need can be overwhelming, it’s also important to be vigilant about unusual activity in their accounts, whether managed or not,” Attorney Mark Tepper who represents victims of broker fraud said today.
Mr. Tepper, the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities, said that excessive and unauthorized trading are among the top complaints in customer arbitration cases. “And that doesn’t include the numbers from investors who settle such claims and sign confidentiality clauses, Mr. Tepper added.
“Take the time to look more closely at statements and trade confirmations for signs of strange or unusual activity.” Mr. Tepper said.
Red Flags include: excessive commissions; unauthorized transactions; stocks transactions in small batches multiple times a day; and excessive use of margin accounts.
Investors who recovered losses have praised the Mark Tepper Law firm for its work in representing their claims. “Investors who believe they’ve been defrauded should always investigate their legal rights to determine the merits of potential claims,” Mr. Tepper said.
For a free case evaluation from the Mark Tepper law firm, email attorney Mark Tepper at askmark@marktepper.com or call 954-961-0096.
About Mark A. Tepper, P.A. (www.MarkTepper.com)
Attorney Mark A. Tepper is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities. He has earned the reputation of “Investor Advocate” while practicing law for over 40 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 18 consecutive years as AV PREEMINENT® for ethical standards and legal ability. It’s the highest rating of lawyers in the Martindale-Hubbell Law Directory.
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