Ft. Lauderdale, Fl. Dec 9, 2021 –In an Investor Alert issued today on its website marktepper.com the Mark Tepper law firm asks investors: “Are you still paying your stockbroker commissions?”
Recently, brokerage firms have moved to commission free trading. In the case of discount brokers, like Schwab, Fidelity or Robinhood that means no commissions or costs for executing a trade. Larger brokerage firms have moved to fee-based trading where they solicit investors to manage their investments with a wrap fee that can range from.05 to 1.5%.
The Investor Alert cautions investors that commissions could be a red flag.
Attorney Mark A. Tepper, who is the former Chief Trial Counsel at the New York Attorney General’s Bureau of Investor Protection and Securities, said, “If you are still paying commissions for each transaction in your account that is a red flag that something is wrong. In cases where commissions are still being charged, often, the broker recommends too many transactions. If you have losses in your account and are paying commissions then you may have a claim against your brokerage firm. We offer a free evaluation of these claims.”
Did your broker recommend non-traded or illiquid REITS?
Brokerage firms that are struggling to make up for lost commissions often recommend alternative non-traded products that carry large commissions. These non-traded investments are illiquid and unsuitable for most investors. The non-traded products are often REITs (Real Estate Investment Trusts) that are highly leveraged and pay returns out of investor contribution rather than cash flow. If you have non-traded REITs in your account they may be unsuitable and you may have a claim against your brokerage firm.
For a free case evaluation email attorney Mark A. Tepper at askmark@marktepper.com or telephone 954-961-0096.
About Mark A. Tepper, P.A. (MarkTepper.com)
Attorney Mark A. Tepper has earned the reputation of “Investor Advocate” while practicing law for over 40 years representing individual investors. FINRA arbitrators have upheld stockbroker fraud claims filed by Mr. Tepper against many brokerage firms. A member of the Florida, New York and California Bars, Mr. Tepper is peer-reviewed for 20 consecutive years as AV PREEMINENT® for ethical standards and legal ability. It’s the highest rating of lawyers in the Martindale-Hubbell Law Directory.
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