Stock Broker Warning Signs
There are certain activities in an investor’s account that should be considered warning signs that require closer attention to your investment account.
- Account losses
- Unexplained or unusually high charges to your retirement account
- An unusual amount of trade confirmations sent to your home
- Dramatic change in your portfolio composition
- Pressure to act immediately on a recommendation
- Concentration of your investments into a single company or investment product
- Large purchases of securities on margin
- A transaction history of selling winners and holding losers
- Switching between different mutual fund families
- Switching between different variable annuity contracts
- Large amounts of life insurance as a ”retirement” plan
- Denied access to branch manager
- Account underperformance relative to the stock market
- Guarantee of investment return and protection against losses
To speak with us regarding any possible stockbroker misconduct warning signs please call us toll-free at 800-649-7239.