I worked with a brokerage house that’s fraudulent and withholding clients insurance payment. What should I do?

Check first to see what the relevant agency is that regulates the brokerage. Might be Dept of Finance (however named) or Dept of Insurance. Start with them. They may be able to solve the problem without having to get legal representation. If not, either because of lack of jurisdiction or because the brokerage doesn't respond and the relevant Dept is not following up, then go to a specialized attorney. 

Hi Sherwin:  Thanks for the question, but there is far too little information provided.  First, where are you located? Where is the brokerage house located?  Where is the harmed person located? I am licensed only in Florida, so if the client is not located here, I cannot give any advice as the law differs from state-to-state.  Second, this is a question the harmed person needs to ask.  I cannot give advice to a third-party.  Sorry.

There are attorneys who specialize in this type of case. Do a google for securities arbitration. All of the brokerage firms have an arbitration clause in the contract you signed, which actually works out well for you. No rules of evidence. Just tell your story. But don't do it yourself. An experienced attorney on your side is worth it.

You need to contact your State Insurance Commission.  File a complaint with them and they will do a full investigation.  They should help you with  the process as well.

Please send me copies of all documentation for my perusal and reference. I will have to send a demand letter to the trustees representing the Brokerages in your Province.

What is your the fee you expect to pay for the above.

Yours truly,

Me Larry moroz

Insurance Commission

Without knowing all the facts I am reluctant to give you guidance. Generally a formal demand letter is the first step. After that you can judge their willingness to make it right. If not litigation usually follows. 

Report it to the national or province insurance or securities regulator or notify the client directly. I don't think you have a basis for suit, but the client does, and the regulators have supervisory obligations.

Insurance commission in your Area 

You should consult with an attorney specializing in "Bad Faith" Insurance Litigation.  This is a specialized area.  

Deloise