Options Trading Tutorial

i trade futures n options my stock broking sold my stocks with out any prior intimation can i sue them?

my stock broking company (networth) sold my stocks with out prior information or intimation and with out asking cheque for maring call they just sold my stocks can i take legal action against them

Public Comments

1. Are you sure you didn't set up a tradeplan agreement?? If not don't worry, get them for loss!
2. Unless you signed an agreement that gave the broker full discretionary authority over the account, the brokerage firm/broker should be able to do no trading without your consent (the one exception would be to pay off excessive margin loans the client has in the event of a margin call). You probably signed an arbitration agreement when you opened the account, meaning that you would probably have to exhaust arbitration as a means of resolution before suing. If your account receives a margin call, and the brokerage cannot find you or get in touch with you (and maybe even if they do), the broker does have the right to sell securities to pay of your margin liability. They should try to get in touch with you, though.
3. Sent them lawyer letter
4. First you'd better ask them why they sold. Maybe they had a good reason, such as you having sold a call option on your stocks and the call getting exercised!