If you suspect your financial advisor of misconduct or fraud, you can file a regulatory complaint against their investment company. State and federal regulatory bodies, like the Ohio Division of Securities and the Financial Industry Regulatory Authority (FINRA), may investigate your allegations. Securities regulators serve as the securities police for the enforcement of the securities laws.
Filing a regulatory complaint will not result in a financial recovery of your losses but will give the securities regulators an opportunity to investigate the potential violation of securities laws.
In order to pursue the recovery of investment losses you suffered as the result of the misconduct of your financial advisor, you will need to file a civil action either in court or in FINRA arbitration.
At Meyer Wilson, we have over 75 years of combined experience protecting investors’ rights. Thus far, we have recovered more than $350 million for clients and continue winning cases. A Columbus investment fraud lawyer from our team will help you file a complaint against the liable party. Call today for a free initial consultation.
Should You File a Complaint?
If you have evidence that a representative of an investment or securities firm committed fraud or was negligent and you suffered as a result, there are instances when you should file a complaint with the appropriate regulatory body. You should contact an experienced Ohio securities fraud attorney before deciding whether to file a regulatory complaint. Your lawyer can assist with filing a regulatory complaint if appropriate and also filing a civil action to pursue the recovery of your losses.
Sometimes, the signs of investment misconduct can be difficult for the untrained eye to detect. If you notice any irregularities or suspicious transactions, seek immediate legal counsel. A lawyer will review your portfolio and determine if there are grounds to take further action.
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Common Reasons for Filing a Complaint Against an Ohio Investment Firm
Securities fraud and negligence encompass a wide range of behaviors and actions that can harm investors and undermine the integrity of financial markets. The main difference between these two types of actions is intent; fraud involves deliberate deception for personal gain, while negligence refers to a failure to act with the appropriate level of care.
Common reasons for bringing a complaint against a securities company include:
- Fraudulent misrepresentation
- Insider trading
- Unauthorized trading
- Churning
- Breach of fiduciary duty
- Failure to supervise
- Mismanagement of client funds
- Unsuitable investment recommendations
- Violation of Ohio securities laws
By promptly identifying any irregularities in your investment portfolio, you can take proactive measures to address the situation before it escalates. Additionally, early intervention allows for timely investigation and resolution of the reported issues.
Steps to Take Before Filing a Complaint Against an Investment Company
Discovering investment misconduct can be a shock, but how you react will influence the value of your claim. Consult Meyer Wilson to make sure you take the right steps to protect your right to full financial recovery.
Gather Evidence
Evidence serves as the foundation for your allegations and can substantiate claims of misconduct. Additionally, having solid evidence can expedite the investigation process and can lead to a speedier resolution.
Types of evidence that can strengthen your complaint against a securities firm include:
- Account statements
- Transaction records
- Email communications
- Written correspondence
- Disclosure documents
- Contracts or agreements
- Witness testimonies
If you decide to hire an investment fraud attorney, they can handle these tasks for you; just make sure you provide a detailed account of the wrongdoing you noticed. Lawyers know where to look for proof of misconduct and how to interpret the data.
Consult a Securities Fraud Lawyer
Navigating securities laws can be difficult without guidance from an experienced attorney. After reviewing the details of your case, our team will discuss how relevant Ohio laws impact your financial recovery.
Choosing to work with an experienced investment fraud lawyer from our team will increase the chances of a successful outcome for your case. We rely on a wide range of evidence to clearly show how the financial advisor’s misconduct caused your losses.
Our lawyers are nationwide leaders in investment fraud cases.
An Overview of Regulatory Bodies Overseeing Investment Companies in Ohio
Typically, regulatory complaints are directed to either state or federal regulatory bodies based on the specific issue and jurisdictions involved. When filing a complaint , offer correct information along with supporting documentation.
Ohio Division of Securities
Part of the Ohio Department of Commerce, this division is tasked with enforcing state securities laws and regulations. Its responsibilities include registration and oversight of securities professionals, investigation of complaints, and enforcement actions against unlawful activities.
Ohio Attorney General’s Office
Led by the Attorney General, this office is responsible for representing the state in legal matters, providing legal counsel to state agencies and officials, and enforcing state laws to protect locals.
Financial Industry Regulatory Authority
As the largest independent regulator for all securities firms doing business in the country, the Financial Industry Regulatory Authority (FINRA) is tasked with regulating brokerage firms, securities exchanges, and securities professionals.
FINRA sets and enforces rules governing the activities of its member firms and their registered representatives. It also conducts investigations to ensure compliance with regulations. Furthermore, FINRA adjudicates disputes between investors and member firms through arbitration and mediation.
U.S. Securities and Exchange Commission
The Securities and Exchange Commission (SEC) is a federal regulatory agency responsible for administering and enforcing federal securities laws in the United States. Its primary mission is to protect investors, maintain fair markets, and facilitate capital formation.
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Our Ohio Investment Fraud Attorneys Will Help You File a Complaint Against an Investment Company
If you suspect that an investment company has engaged in fraudulent or deceptive practices, seek guidance from our experienced securities fraud lawyer. At Meyer Wilson, we successfully navigate complex securities laws and advocate for the rights of investors who have suffered financial losses.
Your lawyer will assess your situation and advise you on the best course of action, which may include filing complaints with relevant regulatory agencies. Our team has a proven track record of success in representing investors across Ohio who have been harmed by securities fraud or misconduct.
We provide personalized and effective legal assistance to recover your losses and hold the negligent party accountable. Contact us today to schedule a consultation and explore your available options.
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