Call Now For a Free Consultation:
(614) 502-6165

Meyer Wilson Investigates Former Securities Service Network Broker Dale Isaak

The stockbroker fraud lawyers at Meyer Wilson are currently investigating claims involving former Securities Service Network broker Dale Isaak of Missouri.

Meyer Wilson is currently investigating claims involving Dale Isaak, a former Securities Service Network broker from Missouri. According to a complaint filed in Missouri, Isaak allegedly sold various ETFs to elderly clients that resulted in nearly $1 million in losses using what was called the "Sherman Market Timing Strategy." The alleged misconduct took place from January 2010 to December 2011, and the complaint states that in 19 investment advisor accounts, more than 90 percent of those accounts were invested in non-traditional inverse ETFs.

ETFs or "Exchange Traded Funds" can seem like a good investment on the surface, but they are not usually a suitable fit for retirement money. ETFs are traded throughout the day, causing an almost constant fluctuation in prices unlike other investments such as mutual funds. Inverse ETFs are even more risky, as they are designed to perform as the inverse of whatever index or benchmark it tracks using short sales or trading derivatives such as futures contracts.

Because increased trading activity can generate hefty commissions and fees, the overall return on investment is usually lower. Most long-term retirement plans call for long-term investments, and most ETFs are not designed to be held for long. Watch our video to learn why ETFs are not good for retirement money.

Isaak allegedly failed to disclose to his clients that these inverse and leveraged ETFs would be a risky move. If Dale Isaak was your broker and you lost money, we invite you to contact Meyer Wilson today. Our securities fraud attorneys help investors recover losses caused by fraud and misconduct. Call or fill out a free case review to tell us what happened to you.

The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

Share This Story
If you found the information provided by this article useful, consider sharing to your social media channels to help others in their search for reliable resources.
Consult with Our Legal Team
There is never a cost associated with a consultation
Columbus Office

614-224-6000
305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

900 Camp Street 
Suite 337
New Orleans, LA 70130
Los Angeles Office

310-905-8688
2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

216-600-1355
4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

248-817-8214
41000 Woodward Ave.,
Suite 350
Bloomfield Hills, MI 48304
Quick Links
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. No recipients of content from this site, clients or otherwise, should act or refrain from acting on the basis of any content included in the site without seeking the appropriate legal or other professional advice on the particular facts and circumstances at issue from an attorney licensed in the recipient's state. Read More
The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter.
Read More
chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram