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Excessive Trading

Heritage Law Office offers securities law services suing financial advisors and their supervising broker-dealers for excessive trading.

Financial advisors have a duty to their clients to trade only when it is in the best interest of the client, and not for the purpose of generating commissions for the advisor. When an advisor excessively trades a client's account, it is known as "churning." Churning generates substantial commissions for the advisor, but often results in significant losses for the client. 

If you believe that your financial advisor has excessively traded your account, you may be entitled to compensation. Please contact us today for a free consultation.

How do you know if your advisor is excessively trading your account?

There are several signs that may indicate that your advisor is engaged in churning:

  • Your account statements show a high frequency of trades.
  • Your investments frequently change without any changes in your investment objectives.
  • You are frequently being called with "hot" tips or "investment opportunities."
  • You are being pressured to buy or sell investments.

These are just some of the signs that may indicate that your advisor is engaged in churning. If you have concerns about how your account is being managed, please contact us today for a free consultation.

What are the consequences of churning?

Excessive trading often leads to significant losses for investors. In some cases, investors can lose their entire life savings. In addition, churning can result in substantial taxes and fees as well as expose investors to unnecessary risks. 

If you believe that you have been a victim of excessive trading, please contact us today for a free consultation. We will review your case and advise you of your legal options. You may be entitled to compensation for your losses.

Contact a Securities Attorney in Wisconsin Today

Financial advisors have a duty to their clients to trade only when it is in the best interest of the client, and not for the purpose of generating commissions for the advisor. When an advisor excessively trades a client's account, it is known as "churning." Churning generates substantial commissions for the advisor, but often results in significant losses for the client.

If you believe that your financial advisor has excessively traded your account, you may be entitled to compensation. Please contact us today for a free consultation by sending us a message or giving us a call at 414-253-8500.

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For a comprehensive plan that will meet your needs or the needs of a loved one, contact us today. Located in Downtown Milwaukee, we proudly provide legal advice to those in Milwaukee County and surrounding communities.

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