It is a financial advisor’s duty to be honest and forthcoming with clients. An advisor should represent all information as factually and accurately as possible. Misrepresentation of facts or failure to disclose information could lead to the investor making a poor decision and losing money. If you suspect a financial advisor of misrepresentation that caused your economic loss in Ohio, contact the attorneys at Meyer Wilson for legal counsel. You may have grounds to bring a claim.
How We Are Different
- Our attorneys have fought and won hundreds of investment fraud cases over the last 20 years. We have secured more than $350 million collectively for clients.
- Our law firm understands that clients have questions and concerns during claims. We are committed to be responsive and answer all correspondence promptly.
- Our lawyers represent clients in financial advisor misrepresentation claims in Ohio on a contingency fee basis. You will never pay attorney’s fees out of pocket.
Benefits You Can Get From Hiring a Lawyer
It is important to have an attorney by your side during a case against a financial advisor or brokerage firm for misrepresentation. A lawyer from Meyer Wilson can guide you through each step of the claims process, from naming the correct defendant(s) that caused your economic losses to investigating for evidence to use during your case. A lawyer can negotiate a settlement on your behalf, making sure you do not accept less than your case is worth. A lawyer from our law firm can also take your case to the next level (court), if necessary, for full compensation.
What Is Misrepresentation?
Misrepresentation is one of the most common complaints investors bring against brokers and advisors, according to the Financial Industry Regulatory Authority. Misrepresentation refers to the failure to disclose correct or proper information with the intent to defraud investors. Purposely leaving out facts, failing to disclose information or misrepresenting the nature of an investment to increase the advisor’s profits is against the law.
It is an investor’s right to expect advisors to present complete and accurate information so he or she can make informed decisions about investments. If an advisor negligently or intentionally fails in this duty, and the investor loses money as a result, the advisor may be guilty of misconduct. The investor could bring a claim against the financial advisor for damages in this scenario.
How to Prove a Misrepresentation Case
If you believe you have this type of claim in Ohio, hire an attorney from Meyer Wilson to help you prove you deserve damage recovery. The burden of proof in a civil claim will rest on your side (the plaintiff’s side). It will be up to you or your attorney to prove the four main elements needed for a successful misrepresentation lawsuit.
- Duty. The financial advisor must have had a professional relationship with you at the time of the alleged misrepresentation, along with related duties of care.
- Breach. The advisor must have negligently or intentionally breached a duty of care owed to you as a client (i.e. through misrepresentation of facts).
- Causation. The financial advisor’s misrepresentation or misconduct must have directly caused your economic losses or other damages.
- Damages. You must have proof that the advisor’s actions caused you harm, such as financial loss, emotional distress or legal fees.
If an advisor failed to disclose key information or made a misrepresentation of material facts, he or she could bear civil liability for your damages. An attorney may be able to help you prove a financial advisor’s fault for the losses you recently suffered if this is the case.
Contact a Financial Advisor Fraud Attorney Today
At Meyer Wilson, investor claims are all we do. We have gone up against dozens of financial advisors, brokers and brokerage firms around the U.S. in pursuit of justice and compensation on behalf of clients. Find out if you have a claim today during a free consultation.
