When a financial advisor is negligent or acts in an unlawful manner, the brokerage firm could be held legally responsible for your financial losses. Brokerage firms must supervise their brokers to ensure compliance with the rules of the securities industry. In addition, brokerage firms are required to properly train brokers and to make certain that they have the appropriate licenses. A failure to supervise claim is nearly always handled in arbitration before the Financial Industry Regulatory Industry (FINRA).
Keep in mind that not every law firm has the experience and knowledge to handle this type of investment misconduct claim. The investment misconduct attorneys at Meyer Wilson represent clients in arbitration, litigation, mediation and class action lawsuits. Our lawyers represent investors nationwide in securities arbitration and litigation claims. For a free case evaluation, contact us by filling out our online contact form.