Securities Legal Questions

I am sure that when you opened your account with TradeStation, you were required to sign an agreement.  And, most likely this agreement had some small print.  I would continue to believe that their agreement stated that they have the right to do as they please.  If they want to drop you as a customer, they can do so.  Unless your original agreements says something to contrary, if they want to change your commission schedule, they can do so.  Go back, and read your original opening account agreement.  You'll probably be surprised at the terms of this agreement.  However, if the agreement states you had no commissions  for the first year, tell them that you want to set-up a FINRA arbiration session.  They will get their attention.... Read More

Not sure if there are grounds to sue your personally as I'd imagine you were acting as an agent of your former firm rather than in your individual capacity.  For that reason, I'd imagine your firm and its malpractice insurance carrier would have an interest in funding your defense.  The malpractice carrier might even appoint you independent counsel to work in conjunction with the firm counsel.  If I am wrong, if you need counsel I have represented numerous parties in AAA arbitrations throughout my career and woudl be happy to discuss with you further.... Read More