Notes

Investors Services for Unauthorized Trading
For MAH Advising who find themselves in financial hot water and want to get out of it as quickly as possible, unauthorized trading is a problem that often plagues them. If you are an investor who has recently found yourself in such a situation, you know first-hand how frustrating it can be, especially if your stocks or other financial investments have taken a huge turn for the worse. Unfortunately, without knowing what to do, you may be unable to reverse some of these unwanted trend-stalls, which can really hurt your overall financial health.

As with any type of financial problem, dealing with unauthorized trading can be scary stuff. For many investors, the fear of dealing with a professional legal team is enough to stop them from ever trying to take care of the problem on their own. The reality is, though, that a large number of investors are capable of dealing with the situation at hand by themselves, if they only use a little bit of common sense and take some precautions before they begin trading with money. Still, for those who have no idea what they are doing and who begin to experience some strange, unauthorized trading, it can be downright scary. For those investors who choose to retain the services of a professional financial advisor (IA) or some other expert in the field of financial law or securities, they will find some very helpful and thorough resources at their disposal.

A good place to start when you are thinking about how to deal with this situation is by talking to a reputable financial advisor services provider. There are many different types of individuals and companies that provide financial advisor services, so make sure to choose one that is registered with the proper authorities. In addition, before you choose an individual or company to work with, you should carefully review their credentials. No matter what the state of the economy, there is no excuse for anyone to conduct trading on your behalf, so it is vital that you work with someone who is experienced in financial law and has the best interests of the investor at heart.

Once you have established a relationship with an IA, you will be able to better understand what steps need to be taken if you want to stop your unauthorised trading. Before you make any changes to your financial portfolio or accounts, you will first need to file a report with the securities and reporting commissions to which you are registered. In general, investors will be required to stop trading activities within 30 days of learning of any unauthorized activity. You will also need to file a written statement with your broker, identifying the loss or damage that is being attributed to your unauthorised trading. Brokers will also make the decision as to whether or not you should remain inactive while you work to put the matters behind you. In most cases, if you remain inactive for two months or less, the broker will allow you to resume normal trading activity.

For most investors, unsupervised trading will mean that they are allowed to open new accounts for themselves and family members without supervision. Family members may decide to invest their own money in your account. The liquidity and safety of your portfolio is still guaranteed by having an authorized broker to manage it.

Once you have stopped trading activities, you will need to obtain your reports from your financial advisor services. From there, you can work to repair any damage done to your portfolio. Since your investors will still have direct access to your account, you will be required to maintain good records to prove that you have been keeping up with your investments. As mentioned, once you have stopped trading, you must notify your broker, who will forward your records to the proper authorities. You will then be required to undergo further investigations before your accounts are finally closed.
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