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

Churning

Consult with Our Legal Team
There is never a cost associated with a consultation
"I can't say enough about the law firm of Meyer Wilson!"
- S.R.
For The Advocacy You Deserve Contact Us Today!
We’ll respond and let you know the best way to proceed with your case.

What You Need to Know About Churning Fraud

California Churning Fraud Lawyer

Churning is a dangerous type of stockbroker misconduct that could take a financial toll on the client for the broker’s personal gain. Churning is a fraudulent activity that may result in commissions for the broker. The client could lose money while the stockbroker profits. If you believe you have been the victim of churning in California, contact the attorneys at Meyer Wilson immediately. We may be able to help you get back on your feet with a financial award from the at-fault broker.

Why Choose Us?

  • Our law firm has spent more than 20 years successfully helping clients recover financial losses they suffered due to stockbroker misconduct.
  • Our lawyers are proud to have a 99% success rate with the cases they accept. We have earned more than $350 million in total for our past clients.
  • Our law firm has ample resources to help you fight against stockbroker churning, including relationships with mediators, securities regulators and expert witnesses in California.
  • Our investor claims fraud lawyers operate on a contingency fee basis. We only charge legal fees to represent churning cases if we secure the client an award.

Why You Need a California Churning Attorney

Discovering that your stockbroker has not had your best interests in mind when you put him or her in control of your finances can be frightening. When you are not sure whom to trust, contact a lawyer at Meyer Wilson for counsel. We will work for you, the client, and no one else.

Our main mission is to help you achieve justice and a compensatory award for your damages. We can take steps toward these goals for you while you focus on moving forward. Our lawyers can identify the defendant(s), bring your claim by California’s deadline and help prove your case. We will fight hard, including taking your case to trial, in pursuit of full compensation.

What Is Churning?

Churning is a type of stockbroker or financial advisor misconduct in which the professional unnecessarily or excessively buys and sells securities on behalf of a client to generate profit through commissions. Although a broker may trade securities if it is in the client’s best interests, it is misconduct for a broker to do so to generate commissions. Churning is an unethical stockbroker practice that could lead to civil penalties. It is also illegal according to the U.S. Securities and Exchange Commission (SEC) Rule 15c1-7.

SEC Rule 15c1-7 defines any securities purchase or sale by a stockbroker, dealer or municipal securities dealer that is excessive in size or frequency according to the circumstances of the account as fraud. Churning may only exist if the broker guilty of this misconduct had control over the investment decisions within the client’s account at the time of the trading. If you believe you have a case of churning, you may be eligible for financial compensation from the fraudulent stockbroker.

How to Pursue Compensation

The best way to pursue compensation after discovering churning is to hire an attorney from Meyer Wilson. Our lawyers have spent years speaking up for the best interests of victims of financial fraud and can help you work through your case. In California, you have three years from the date you discovered the fraud, or the date you reasonably should have discovered it, to bring your civil lawsuit against a stockbroker and/or investment firm. Contact a lawyer as soon as possible upon realizing that a broker may have taken advantage of you.

Contact a California Churning Attorney Today

Churning could cost a client thousands of dollars while the fraudulent stockbroker earns a profit in commissions. At Meyer Wilson, we are passionate about protecting vulnerable clients from fraud and deceit. We have committed our professional lives to preventing these crimes and assisting victims in bringing civil lawsuits. We may be able to help you bring a claim as well. Learn more about your right to bring a lawsuit today, during a free consultation at our California law office. Call (800) 738-1960 to speak to a lawyer now.

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