The amount of fees to which a financial advisor or securities firm is entitled is typically governed by your contract. However, some investments are inherently unsuitable for most investors because an unreasonable portion of the investment will be consumed by fees. High fees may also present an incentive for a securities firm or advisor to engage in misconduct because they want to make more sales (see fraud/misrepresentation, failure to disclose and self-dealing). Another example of broker misconduct is churning, or causing excessive activity in the investor’s account for the purpose of generating commissions or other fees.
The investment and securities fraud attorneys at Moulton & Arney, LLP have extensive experience representing individual investors in securities arbitration and litigation. Cindy Moulton and Lance Arney have successfully represented thousands of clients in securities and investment fraud cases, with combined claims of hundreds of millions of dollars.
If you have suffered an investment loss due to Excessive Fees or Churning, you may be entitled to recover all or part of your investment. To find out more about your potential claims against your broker/financial advisor, investment firm, or securities firm for Excessive Fees or Churning, please contact an experienced investment fraud attorney.