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RobertJDFL, Attorney
Category: Legal
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Experience:  Experienced in multiple areas of the law.
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Can I bring stock broker case to small claim? If yes, can I

Customer Question

Can I bring stock broker case to small claim? If yes, can I demand punitive damage? The broker charged higher commission as promised. They forced me close position by saying I have negative net liquidation value which is not true. At the same time, they increased margin requirement about 9 times higher which essentially forced me closed all positions.
Submitted: 4 months ago.
Category: Legal
Expert:  RobertJDFL replied 4 months ago.

Thank you for using Just Answer.

While you could sue in small claims, the maximum amount you could sue for is $10,000 plus costs. So if your damages are more then that, you'd want to file in a different court. You cannot request punitive damages in small claims court, unfortunately.

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