Dear John Chapman,

Dear John Chapman,

My broker took an unusually high commission on a transaction.

Can I sue?

-Curious Carl

Dear Curious,

Yes. A broker can charge high commissions in many ways, including high transaction fees, high annual advisory fees and churning. Churning happens when a broker makes trades in order to make money for himself rather than for the investor. Give us a call and we will be able to further investigate.

Sincerely,
John Chapman

John S. Chapman

If you have a question for John Chapman, please email it to
dearjohn@johnschapman.com

Dear John Chapman,

I have a broker that I am now realizing stole over $200/month from one of my accounts.

He claims it was a “management fee”, but I never authorized such a fee. Do I have a case against...

Read More
Dear John Chapman,

Can I sue my financial advisor for his personal assets?

-Bummed in Birmingham...

Read More