Introduction In one of the most impactful legal victories of the year, Lex Firm Global secured a $5.6 million settlement for more than 30 investors who suffered substantial financial losses due to broker misconduct. This class action case revealed the dangers of unsupervised advisors, aggressive trading practices, and a brokerage firm that looked the other…
Introduction When brokers trade for commission instead of your goals, it’s called churning — and it’s more common than most investors realize. In our recent $5.6 million class action win, churning was one of the most damaging practices uncovered across dozens of client accounts. This post breaks down how churning happens, the legal violations it…
Introduction Broker misconduct isn’t always obvious. Many investors only realize something went wrong after the damage is done — when their retirement savings vanish or their portfolio performance doesn’t match market trends. If your broker hasn’t explained trades, if your losses seem unusual, or if your account activity doesn’t reflect your risk tolerance, you may…