What is Unauthorized Trading?

Unauthorized trading occurs when trades are placed in an investor’s account without express and detailed permission to do so or without written discretionary authority.  A broker must obtain prior approval from the investor for every transaction unless the investor has granted written discretionary authority in advance.  Without prior authorization, it doesn’t matter how good or certain the deal is, the transaction should not be made.

If you have suffered investment losses, then Galvin Legal may be able to help you recover your losses in a Financial Industry Regulatory Authority (“FINRA“) arbitration claim.  For a Free Consultation with a securities attorney, call Galvin Legal at 1-800-405-5117.