Losing money because of excessive trading, also called “churning,” can make you feel frustrated and helpless. But you can hold the dishonest financial advisor accountable. An excessive trading/churning lawyer serving Washington, DC, will build an evidence-based claim for you.
With decades of experience, Meyer Wilson has successfully won over $350 million for our clients. We’ve taken on some of the biggest investment firms and held them accountable for their misconduct.
Our Washington, DC, securities investment fraud lawyers will help you get back your hard-earned money. We work on a contingency basis, so you won’t have to pay any upfront fees. Contact us today for a free case evaluation.
Strong Legal Support from Experienced Churning Lawyers Serving Washington, DC
At our law firm, we have a strong team of attorneys and a dedicated legal support staff. Together, we can stand up against big Wall Street firms. With our extensive experience and support, we are well-equipped to advocate for your rights and help you achieve justice.
We maintain a large team of lawyers and support staff while intentionally keeping our caseload low. This strategy allows us to maintain a much lower client-to-lawyer ratio compared to many of our competitors, ensuring that our attorneys have the time needed to prepare each case.
We use state–of–the–art technology to improve our services and make your experience more convenient. These advanced digital tools streamline the legal process, reducing hassle. Our investment fraud lawyers can handle your case more quickly and keep you updated every step of the way.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
What Is Churning?
Churning occurs when a financial advisor excessively trades securities in a client’s account to create commissions for their own benefit. This practice, including stock churning, violates the fundamental duty of financial professionals to act in their clients’ best interests.
The U.S. Securities and Exchange Commission (SEC) classifies churning as both illegal and unethical, as it breaches investor protection laws. Similarly, the Financial Industry Regulatory Authority (FINRA) has rules to prevent advisors from excessive trading. Meyer Wilson handles investment churning cases through FINRA arbitration. Contact us to discuss your legal options.
How Financial Advisors Conceal Churning
To hide excessive trading, financial advisors and their firms sometimes classify brokerage accounts as “speculative” with a “high” or “aggressive” risk tolerance. Depending on the circumstances, this labeling can create a misleading impression of legitimacy around churning.
When accounts are frequently traded, advisors and firms may argue that clients willingly accepted the risks and wanted this level of trading. However, brokerage firms have a responsibility to ensure that their trading strategies serve the best interests of each client in accordance with securities industry regulations.
Even if an account is labeled as speculative or if the client has a high-risk tolerance, excessive trading is still typically not in the investor’s best interest. No investor truly agrees to have their account manipulated for the advisor’s profit, regardless of their stated risk tolerance.
Our lawyers are nationwide leaders in investment fraud cases.
How to Identify Churning in Your Account
Recognizing the early warning signs of churning is not easy without help from a Washington, DC, excessive trading/churning lawyer. Advisors are skilled at hiding their tracks. They may present their trading activity as part of a strategic investment plan, using jargon and complex explanations that can obscure the underlying motives.
Financial advisors may hide churning by keeping underperforming investments while selling off profitable ones. This tactic can create a misleading impression of portfolio growth, masking the harmful effects of frequent commissions and weak investments.
Clients may feel reassured by an advisor’s confident demeanor or persuasive arguments, making it harder to question the rationale behind frequent transactions.
The following red flags can signal excessive trading in your portfolio:
- Frequent trading alerts
- High turnover rates
- Poor communication
- Unforeseen fees and commissions
- Lack of diversification
- Unsuitable investment choices
- Weak performance
If you identify any of these warning signs, consult a churning attorney serving Washington, DC. During a free consultation, one of our attorneys experienced in excessive trading and churning can assess your situation.
We Are The firm other lawyers
call for support.
FINRA Arbitration for Investment Churning Claims
Churning investment cases are typically settled through FINRA arbitration, where neutral arbitrators review the evidence and issue binding decisions. This method is typically favored because it offers a quicker alternative to traditional court litigation.
Under this system, disputes between investors and financial professionals are settled by neutral arbitrators with experience in a wide range of business and life experiences. The arbitration process typically involves presenting evidence, witness testimonies, and arguments from both parties. The arbitrators then make binding decisions based on the merits of the case.
If you have experienced churning stocks or excessive trading, contact our churning attorneys serving Washington, DC. Don’t let unethical practices go unchallenged; you may have the right to seek compensation.
Call a Washington, DC, Excessive Trading/Churning Attorney
When you experience financial losses because a financial advisor is churning stocks or other investments, turn to Meyer Wilson for support. We have a strong track record of successful case results for clients nationwide.
We begin by evaluating your case and analyzing your account’s cost-equity ratio and turnover rate to spot any signs of misconduct by your advisor. If we find evidence of negligence or fraudulent behavior, we will fight for your financial recovery. Take the first step toward justice by calling us for a free consultation.
Recovering Losses Caused by Investment Misconduct.