Failure to Supervise
Every brokerage firm has a duty to design and implement written procedures to effectively supervise every broker licensed through that firm. Accordingly, when a broker engages in wrongdoing that causes a client to incur financial losses, the supervising firm may also be subject to liability for allowing the wrongful conduct to occur. The attorneys of Cosgrove Law, LLC have a thorough understanding of the regulations governing brokerage firms’ duty to supervise and know when it is in a client’s best interest to either bring or defend such a claim.
