JOHN LAWRENCE ALLEN, ESQ

For Securities Fraud & Broker Fraud Call:

1.800.345.1888

General

  • John Lawrence Allen
Broker Fraud & Broker CRD Numbers What is a broker CRD number?

Answer: Every stockbroker (or “registered representative”) who is licensed to sell securities in this country has what is a called a “CRD” number. CRD stands for Central Registration Depository, which is a database that contains the registration records of over 6,800 broker-dealers and 660,000 securities representative.

Why Do I Need a Broker’s CRD Number?

You can use a broker’s CRD number to confirm whether a broker is registered in your state,...

  • John Lawrence Allen
Broker Fraud & Broker Negligence How do I know if my broker was negligent?

When it comes to a broker negligence claim, the main issue that is evaluated is whether the broker’s conduct fell below the acceptable level of care, meaning the broker did something that a reasonable, prudent person would not have done in the same situation.

Negligence does not have to be intentional. For example, if your broker failed to monitor your accounts to prevent potential consequences from taking place...

  • John Lawrence Allen
Broker Fraud & Broker Supervision What if brokerage firms don’t supervise their brokers?

When a broker is negligent or acts in an unlawful manner, the brokerage firm could be held liable for your financial losses. 

Brokerage firms must supervise their brokers to ensure compliance with the rules of the securities industry. In addition, brokerage firms are required to properly train brokers and to make certain that they have the appropriate licenses.

A difficult question continually faced by broker-dealer compliance and legal personnel...

  • John Lawrence Allen
Broker Fraud & Securities Fraud Attorney How are damages calculated?

Calculating damages resulting from violations of securities laws or other duties owed by brokerage firms and financial advisors can be difficult, and it is important for an investor to engage an experienced lawyer to help him or her determine the nature and extent of the violations. With the value of investments constantly changing, it is important that the investor understand the timing of the actions taken by the brokerage firm in...