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New York, NY securities attorney Jenice L. Malecki talks about the steps investors can take if they suspect that their broker engaged in unauthorized trading, churning, or overconcentration. She notes that cases involving unauthorized trading, churning, or over-concentration are highly technical and require specialized handling. Investors who attempt to engage with firms on their own risk being taken advantage of, as the firm’s attorneys may use legal language to elicit admissions that strengthen their defense. She emphasizes that legal professionals communicate in a different language than laypeople, and it is crucial to retain an experienced securities lawyer from the earliest stage to navigate these cases effectively and prevent costly mistakes.
