Did You Invest in Structured Products with John Peter Micera?
John Peter Micera has found himself under fire for allegations of selling his customers unsuitable high risk investments. If you or someone you know has invested with Micera it’s important to take action and review the activity in your investment accounts. At Meyer Wilson, we understand the paramount importance of safeguarding your hard-earned investments.
Our mission is to protect investors from unscrupulous practices and help them recover investment losses resulting from negligence or fraud. As experienced securities fraud attorneys, we have witnessed firsthand the devastating impact that unsuitable investments and financial misconduct can have on individuals and families.
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The Cautionary Tale of John Peter Micera
The case of John Peter Micera, a Registered Broker and Investment Advisor with RBC Capital Markets, serves as a poignant reminder of the risks investors face. According to FINRA records, Micera is currently facing a customer dispute alleging unsuitability related to investments in “high risk, illiquid, high commission/fee structured” notes, with a damage amount of $2,275,000.00 requested. Micera has been the subject of a previous customer dispute in 2004, alleging unsuitable recommendations that resulted in losses.
The Obligations of Financial Advisors
At Meyer Wilson, we firmly believe that financial advisors have a legal and ethical obligation to recommend only suitable investments that align with their clients’ needs, objectives, and risk tolerance. Brokerage firms bear the responsibility of supervising their advisors’ sales practices and ensuring adherence to regulatory standards. Failure to uphold these obligations can result in significant investment losses for investors and potentially lead to legal action against the advisors and firms involved.
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The Risks of Structured Products
Structured products, such as Auto-call Notes, are complex and speculative in nature, often exposing investors to significant portfolio declines. These investments are only appropriate for those willing to subject their assets to substantial risk. It is crucial that advisors conduct thorough due diligence and consider factors such as the investor’s age, tax status, time horizon, liquidity needs, and risk tolerance before recommending any investment strategy. Failure to do so can result in devastating financial consequences for investors, as evidenced by the case of John Peter Micera.
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Protecting Your Investments
At Meyer Wilson, we are committed to protecting the rights of investors and holding financial advisors and firms accountable for their actions. Our team of experienced securities attorneys has a proven track record of success in representing clients who have suffered losses due to unsuitable investments, misrepresentations, or other forms of financial misconduct. We understand the complexities of securities law and are dedicated to pursuing justice on behalf of our clients.
If you have suffered losses as a result of unsuitable investments or misconduct by your financial advisor, we encourage you to contact us for a free, confidential consultation. Our attorneys will review your case and advise you on the best course of action to recover your losses and protect your financial future.
Recovering Your Investment Losses
If you have suffered investment losses due to unsuitable recommendations or financial misconduct, you may be entitled to recover your losses. At Meyer Wilson, we are dedicated to protecting the rights of investors nationwide through securities litigation and arbitration on a contingency fee basis.
Take Action Today
Take action today and contact us at 866-938-2021 or visit investorclaims.com to schedule a free consultation. Our experienced team will review your case and guide you through the legal process, ensuring that your interests are safeguarded every step of the way.
Written By: Courtney Werning, Esq.
Recovering Losses Caused by Investment Misconduct.