Financial Advisers

Stock Brokerage Firms May Be Held Liable When The Financial Advisers They Employ Hurt Customers While Violating The Rules Of The Securities Industry: Exploring The Broad Reach Of Agency Law, Vicarious Liability, Respondeat Superior, And Control Person Liability

Month after month, year after year, stock brokers counsel their clients to purchase one security or another.  Fortunately, the bulk of those recommendations are delivered in a forthright manner.  And, as a general rule, stockbrokers generally ground their recommendations on a “reasonable basis,” as required by the rules governing the conduct of securities industry professionals. […]

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