Call Now For a Free Consultation:
(614) 532-4576
Nationwide Representation

Commonwealth Financial Network

Consult with Our Legal Team
There is never a cost associated with a consultation
Brokerage Firms
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

Commonwealth Financial Network

Did You Suffer Losses Caused by Commonwealth or One of Its Registered Brokers?

Founded in 1979, Commonwealth Financial is now the second largest, privately held independent broker-dealer in the United States. Commonwealth Financial became a national broker-dealer with the 1992 acquisition of Kavanaugh Securities. Based in Waltham, MA and San Diego, CA, Commonwealth Fin has over 1,200 registered representatives operating throughout the United States.

Commonwealth Financial, as a securities firm licensed by FINRA, has a duty to care for its clients, to properly supervise and recommend suitable investments. If an individual broker registered with Commonwealth is negligent or acts in a way that is contrary to securities industry regulations, and his or her client suffers financial loss because of that misconduct, that client can take legal action to recover their losses.

Past Regulatory, Arbitration, and Bond Events

According to FINRA's BrokerCheck® report, Commonwealth Financial Network has a history of 20 regulatory events, 13 arbitration events, and 1 bond event.

Commonwealth's latest regulatory event was initiated in March of 2014. The allegations included findings that the firm failed to test its email supervisory system during a software update. The monetary fine ordered was $250,000. In May 2013, Commonwealth was accused, through its registered representatives, of selling non-traded REITs in excess of concentration limits. Monetary fine ordered was $300,000.

In October 2013, an arbitration involving Commonwealth sought $1 million in relief over allegations of breach of fiduciary duty, misrepresentation, omission of facts, and other alleged violations. Arbitration granted $580,375.01 in relief.

If you entrusted your money to Commonwealth Financial Network or one of its registered brokers and you lost a substantial amount of money, contact Meyer Wilson and speak with one of our investment loss attorneys.

Recover Your Losses with Meyer Wilson

As a firm, Meyer Wilson's goal is to help investors recover their losses caused by fraud and misconduct. As a registered brokerage and investment adviser firm, Commonwealth Financial Network has a duty to act in the best interests of its clients, rather than their own. Call us today or contact us online to learn how we can help you.

Atlanta Office

945 East Paces Ferry Road, Suite 2275
Atlanta, GA 30326
Columbus Office

305 W. Nationwide Blvd
Columbus, OH 43215
Meyer Wilson
New Orleans Office

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

2029 Century Park East,
Suite 400N
Los Angeles, CA 90067
Cleveland Office

4781 Richmond Rd.
Suite 400
Warrensville Heights, OH 44128
Bloomfield Hills Office

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
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram