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What is unauthorized trading? | Silver Law Group | Securities and Investment Fraud | Free Case Evaluation : (800) 975-4345 | 11780 W. Sample Road | Coral Springs, FL 33065



Most customer accounts with brokerage firms are established as either discretionary or non-discretionary accounts. A non-discretionary account means that a financial advisor must talk to the customer before he buys or sells a security for that account. This simple, straight forward concept seems to elude many financial advisors, who will continue to trade a customer accounts without first seeking the customer's authorization, or permission, to engage in a trade. Therefore, a customer cannot have reasonably determined whether or not to buy or sell the stock, based upon all material information, if the financial advisor had simply gone ahead and made the trade without first talking to the customer.