Unauthorized Transactions

Representing Investors Against Brokers and Investment Advisors

What are Unauthorized Transactions?

Unauthorized transactions are made when a broker performs a trade in your portfolio without your consent. When you use a brokerage firm or financial institution to manage your portfolio, securities law requires them to obtain prior authorization either at the outset of your advisory agreement or before making certain trades in your account. Typically these authorizations are required in writing.

If your broker or financial institution made trades on your behalf without your permission or without notice, you may be a victim of unauthorized transactions— which may mean you are entitled to financial compensation.

Do you think your broker made an unauthorized transaction?

Speak privately with a securities arbitration lawyer about how to recover your money. All consultations are free and confidential.


Are There Exceptions to the Rule?

There are a few exceptions to the rule. For example, when you have a margin account, a certain line is set and if the value of your investment falls below it, the broker may trade without notifying you. However, an agreement is requied beforehand, making you aware that you were granting this decision-making power to your broker. Understanding all the exceptions can be tricky, so if you are concerned, it is best to discuss your individual situation with a securities lawyer.

Did Your Broker Make Unauthorized Transactions?

Our Reputation for Excellence

Gibbs Law Group’s financial fraud and securities lawyers have more than two decades of experience prosecuting fraud. Our attorneys have successfully litigated against some of the largest companies in the United States, and we have recovered more than a billion dollars on our clients’ behalf.

We have fought some of the most complex cases brought under federal and state laws nationwide, and our attorneys have been recognized with numerous awards and honors for their accomplishments, including Top 100 Super Lawyers in Northern California, Top Plaintiff Lawyers in California, The Best Lawyers in America, and rated AV Preeminent (among the highest class of attorneys for professional ethics and legal skills).
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Our Securities Arbitration Team

Scott Silver

Scott focuses his law practice on securities arbitration and litigation and plaintiff-side class action litigation, representing individual investors and institutions in claims against brokerage firms, investment advisors, commodities firms, hedge funds and others.

Eileen Epstein Carney

Eileen is involved in the firm’s securities practice and has over a decade of experience in the legal world. She received her law degree from American University in 2005.

Dave Stein

David’s advocacy has generated major recoveries for consumers impacted by financial fraud. He was named to the Top 40 Under 40 by Daily Journal and a “Rising Star in Class Actions” by Law360.

Amanda Karl

Amanda is spearheading a securities lawsuit against NantHealth concerning fraudulent statements to investors about the success of its key product.