Established in 2000, M Holdings Securities Investment, Inc. is a full-service, independent broker-dealer. A subsidiary of M Financial Group – a financial securities distribution company – M Securities is exclusive to the member firms of M Financial Group and primarily offers variable insurance products. M Securities has its headquarters located in Portland, Oregon. They now oversee nearly 1,000 representatives, a large firm indeed.
M Holdings is a member of the Financial Industry Regulatory Authority (FINRA). One of the legal duties of every FINRA-licensed firm is to oversee every single one of their representatives to ensure ethical trading on behalf of investor interests. Supervising 1,000 representatives is a difficult endeavor under the best of circumstances – failure to supervise often results in a culture of underhanded trading tactics and misappropriation of investor assets.
When a broker acts unethically or negligently, causing major losses to an investor, FINRA holds the firm responsible for the broker’s actions by citing the firm’s failure to supervise the broker. Essentially, FINRA allows investors the right to file claims directly against the firms whose brokers act fraudulently or recklessly. If you have suffered severe damages to your assets, you may have legal recourse to recover losses directly from M Holdings Securities. Meyer Wilson investment law attorneys can show you the way.
No Supervision Leads to Unfair Pricing
As a demonstration of the need for FINRA principles, in 2011 M Holdings was fined for 2 different violations. The first violation was their failure to build a supervisory procedure for their brokers. Without a supervisory procedure, it would be impossible to competently provide oversight to nearly 1,000 employees. Quite frankly, it would be difficult under the best of circumstances, so a lack of supervision is unsurprising, though still illegal.
The second violation was indirectly caused by the first – a broker for M Holdings was caught selling corporate bonds at prices that were “unfair and unreasonable,” essentially overcharging to pump up the commission. He sold 61 shares at dishonest pricing before he was discovered nearly 2 months later. This is exactly the sort of behavior that Meyer Wilson punishes on your behalf.
Do Not Face Financial Giants Alone
While FINRA provides investors with the opportunity to recoup their losses against the firms who failed to supervise their brokers, FINRA’s concern is policing the financial industry. Meyer Wilson’s only concern is the recovery of your assets. We have the skill and experience to bring claims against powerful investment firms with success. Our investment fraud attorneys recovered $350 million for our clients, so you can be confident that we will make your voice heard.
