Your stockbroker must have your authorization to trade your account. Any transaction performed without your express consent is illegal and constitutes stockbroker fraud, no matter whether you made or lost money in the transaction. In order to trade your account at his or her discretion, a broker must have your signed permission; if not, your broker should, at the very least, give you a call and discuss with you the trade he or she intends to make.
If you think that your stockbroker is executing trades you did not authorize, you might have a case against your broker and should immediately contact a securities arbitration attorney in order to get representation.
Schedule A Free Initial Consultation Today
If you are facing a legal dispute related to your investments, it is in your interest to work with an experienced attorney who can provide you with the advice you need to reach a resolution that reflects your interests. The first step is to meet with a lawyer so you can learn more about your legal options.