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Breach of Fiduciary Duty

Stockbroker Negligence • Stockbroker Malpractice

Where there is a relationship of trust and reliance between the customer and broker, that relationship gives rise to a fiduciary relationship. A fiduciary, like a trustee, is subject to a higher degree of duty that obligates the fiduciary to act in a diligent and faithful manner to further the customer’s best interests.

A fiduciary is held to rigorous duties of loyalty and care and must conduct himself or herself with the utmost good faith and integrity. Since investors are encouraged to place their trust and confidence in their stockbroker whom they rely upon for expertise in making the investment decisions, the broker is held to an extremely high standard not to abuse that trust. When that trust is broken and there has been a breach of fiduciary duty, the stockbroker or brokerage firm may be liable for financial damages that resulted from the negligence.

At the Law Offices of Woosley and Porter in California, we are a firm that is aggressive in our pursuit of justice for clients who have suffered as the result of stockbroker negligence, trustee misconduct, or the breach of fiduciary duty. Our attorneys have extensive knowledge of a wide range of securities issues, including how to handle breach of fiduciary duty cases.

We take the time to thoroughly examine your situation, gathering all the proper paperwork in order to document the negligence that has occurred. Our lawyers understand the anxiety that the loss of money may cause, and we work hard to see that the broker, trustee, brokerage firm, or other responsible party is held accountable for their actions.

Contact Our California Stockbroker Negligence Lawyers Today

If you believe your broker breached his or her fiduciary duty to you and this breach resulted in losses in your account, contact us for a comprehensive and confidential evaluation with no obligation. We can determine how to handle your case and if it may be possible to recover some of the funds that were lost due to the breach and any negligence that occurred.