Eureka, California, stockbroker Timothy D. Cochrane was terminated by his employer, Summit Brokerage Services, Inc. on March 10, 2011. According to documents filed with the securities regulators, the firm is investigating allegations that Mr. Cochrane misappropriated funds from clients and deposited the money into a bank account which he controlled.
The six attorney law firm of Meyer & Associates LPA has a long track record of successfully representing individual investors who are the victims of stockbroker fraud. Pursuing individual investor claims and class actions is all we do every day. We are actively investigating both Timothy D. Cochrane and Summit Brokerage Services, Inc. in order to recover losses on behalf of investors. As his employer, Summit Brokerage Services, Inc. may be liable for losses suffered by clients of Mr. Cochrane conduct.
The brokerage firm that employs stockbrokers can be held liable for the losses suffered by clients if the firm failed to adequately supervise the brokers' activities. Most of these claims are required to be pursued through mandatory FINRA arbitration. Our law firm has certainly experienced a dramatic increase is these types of cases over the past couple of years. Within the just the last few months, we successfully settled the claims of over 50 clients in disputes against the brokerage firm that employed the broker who stole our clients' money. While every case is different, it is important that victims of this type of investment fraud speak to attorneys who are experienced in this specialized area of the law
All of our firm's cases are handled on a contingency fee and we never request a retainer of any kind for these cases.
If you would like to learn more about how we may be able to help you recover losses, please call and ask to speak directly to the firm's Managing Partner, David P. Meyer, or complete the form on the website.