If your financial advisor has been churning your investments, you may feel overwhelmed and worried about your future. You might also feel betrayed and angry. Entrusting your hard-earned money to someone only to be exploited for their gain is deeply personal.
At Meyer Wilson, our team understands the distress you may be experiencing. If you’ve suffered financial losses due to churning, our Arizona investment fraud lawyers want to help you hold the unscrupulous advisor accountable and pursue monetary damages.
Contact our Arizona excessive trading/churning lawyers today. Your initial consultation is free, and you’ll pay nothing upfront for our services.
Enlisting the Help of a Churning / Excessive Trading Attorney
Managing the complexities of an investment-churning case can be challenging. Without tangible evidence, recovering your losses can be next to impossible. Whether you have concrete proof or just suspicions, hiring an experienced attorney can make all the difference.
When you partner with our law firm, you can relax, knowing our team is working tirelessly on your behalf. Our Arizona excessive trading/churning attorneys and support staff are here to handle every step of the legal process. From explaining your legal options to keeping you informed about developments in your case, we provide the personalized legal representation you deserve.
However, it’s important to act quickly, as Arizona’s statute of limitations could impact your ability to pursue justice. Please reach out to our team as soon as possible.
Why Choose Meyer Wilson to Handle Your Arizona Churning Case?
After experiencing significant financial losses due to stock churning or other investment misconduct, it’s important to choose the right law firm. At our firm, we pride ourselves on being at the forefront of nationwide investment fraud litigation.
Here are key differentiators that distinguish us:
- Decades of combined experience: Our legal team has over 75 years of combined legal experience.
- Proven success: With over $350 million recovered for clients, we have a track record of impressive case results.
- Recognized excellence: Honored as the 2024 Best Lawyers in America, our commitment to excellence is recognized nationally.
- Fearless advocacy: We stand up to formidable opponents, undeterred by powerful brokerage firms or aggressive legal teams.
- Performance-based fees: Our fee structure reflects our dedication to your success—we only collect attorney’s fees if we secure compensation for you.
When you trust us with your financial misconduct case, you can expect unwavering support, meticulous attention to detail, and relentless advocacy. We are committed to protecting your rights, navigating complex legal processes, and ensuring that justice is served.
Understanding Investment Fraud: The Impact of Churning
Financial professionals, including advisors and stockbrokers, commonly earn commissions and additional fees for each transaction conducted on behalf of investors. However, unethical advisors may prioritize their own financial gain over their clients’ best interests, engaging in churning to inflate their earnings.
When a financial professional engages in churning, they are committing investment fraud. Victims of churning risk substantial financial losses, while the fraudulent advisor profits from the excessive trades.
If you suspect churning or are uncertain about your advisor’s actions, an experienced attorney can help you identify signs of excessive trading or other investment fraud.
Churning Investments Is Illegal
Investment churning is not only unethical but also illegal, and the U.S. Securities and Exchange Commission (SEC) imposes civil penalties for such actions.
The SEC defines churning as the excessive buying or selling of securities by financial professionals when it does not serve the client’s best interests. While advisors are permitted to trade securities to benefit clients, doing so solely for commissions crosses ethical boundaries.
Exposing Hidden Churning Tactics
Investment advisors may cloak churning by labeling brokerage strategies as “speculative,” targeting clients with a penchant for “high” or “aggressive” risk. This tactic seeks to legitimize trades, citing client consent to risky maneuvers.
However, advisors bear the responsibility to make sure transactions align with client interests and industry norms. Even if clients agree to bold approaches, an attorney might be able to uncover practices that undermine the investor’s financial objectives.
Investors who suspect churning have the right to seek financial compensation. Our nationwide team specializes in investment fraud cases and is committed to getting justice for financial fraud victims.
Signs Your Advisor May Be Guilty of Investment Churning
It’s essential for both seasoned and novice investors to recognize signs of excessive trading. New investors, in particular, may become targets of this unethical practice. Recognizing the warning signs of churning is important to protecting your investments.
Here are key indicators to look out for:
- Excessive notifications
- Abnormally high turnover rate (four to six or more trades)
- Pushy or negligent advisor behavior
- Returns inconsistent with market trends
- Unsuitable investments
- Irregularities in your account
- Unexpected fees and commissions
- Lack of regular communication
- Absence of portfolio diversification
- Poor performance
If you notice any of the above red flags, seek immediate legal counsel from a member of our team. You may be entitled to reimbursement from the responsible financial professional or brokerage firm.
Talk to an Excessive Trading / Churning Lawyer Serving Arizona
We can help you navigate FINRA arbitration or bring a civil lawsuit or FINRA arbitration case in Arizona. Secure your financial future by seeking guidance from our dedicated team at Meyer Wilson. We are committed to protecting investors from harmful financial practices like churning.
Our excessive trading/churning attorneys serving Arizona know how to uncover fraudulent trades and maximize compensation for those affected. Our team has the experience and resources to help you achieve the financial recovery you deserve for your investment losses.
Contact us today for a free consultation.