Skip navigation

Team Member Liability

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Feb 8, 2006 5:19 am

Since teams are becoming more popular, I thought I would ask this...

Broker 1 brings in a rookie, Broker 2.  They each have their own rep #3.   All the assets stay in their joint number, but broker 1 drops a lot of the tickets under his own number because broker 2 does get paid on production.

If Broker 1 does something wrong, Ex: exercises discreation w/o written authority.  Are both Brokers liable because it was in a joint number, or just the Broker who placed the trades?

Any other Questions on Team Member Liability are welcome.