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.
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. The firm has successfully litigated against some of the largest companies in the United States, and has recovered more than a billion dollars on clients' behalf.
We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world's largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and financial fraud lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.
We represent individuals, whistleblowers, employees, and small businesses across the U.S. against the world's largest corporations. Our award-winning lawyers have achieved landmark recoveries and over a billion dollars for our clients in high-stakes class action and individual cases involving consumer protection, data breach, digital privacy, and federal and financial fraud lawsuits. Our attorneys have received numerous honors for their work, including “Top Plaintiff Lawyers in California,” “Top Class Action Attorneys Under 40,” “Consumer Protection MVP,” “Best Lawyers in America,” and “Top Cybersecurity/ Privacy Attorneys Under 40.
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.
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.