Legal Question in Investment Law in New Mexico
If a money manager sells $10,000,000 of stock that you own and does not notify you is that legal?
Asked on 7/24/10, 4:24 pm
1 Answer from Attorneys
Charles Aspinwall
Charles S. Aspinwall, J.D., LLC
It depends upon the agreement with the money manager. Most trade securities without first consulting with the client - that's why the are managing the money. If you want to manage the money, then you need to terminate your relationship with the money manager.
Answered on 8/02/10, 5:07 pm
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