Customer Claims Against Brokerage Firms and Individual Brokers, Chicago Securities Arbitration

QUESTION

What does a customer have to prove to establish fraud?

ANSWER

Generally, to prove fraud a customer must show that the broker intentionally or recklessly made a misrepresentation or omission of material fact that the customer justifiably relied upon and then suffered damages as a direct result of his reliance on the misrepresentation or omission of material fact.

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