When you hire an investment broker to handle your money, the expectation is that they will make responsible investment decisions and grow your nest egg. However, investment fraud is a common problem that can cause significant financial losses. If you suffered losses due to fraud, an experienced Arizona investment fraud lawyer can help get you the money you need.
At Meyer Wilson, we have a long history of helping investment fraud victims secure fair compensation from brokers and brokerage firms. Reach out today by completing our online contact form or giving us a call and schedule a free, no-obligation, initial case evaluation with a member of our legal team.
Types of Investment Misconduct Cases We Handle
There are many different forms of investment fraud. Some of the types of fraud we most commonly see at our firm include:
- Broker negligence
- Unauthorized trading
- Breach of fiduciary duty
- Asset allocation misconduct
- Failure to supervise
Brokers and financial advisors have a legal obligation to carry out the duties of their jobs responsibly. As an investor, you should be able to rest comfortably knowing that your money is in good hands. When a broker fails to take the steps necessary to ensure your money is handled well, you can file a negligence claim.
Upon hiring an investment broker, you will sign an investment agreement. This contract will include various regulations of how your money is handled, including the types of trades that require approval from the investor. While your broker will likely have some leeway in their ability to make trades without direct authorization, there will be limitations on their decision-making.
If your broker makes trades with your money that fall outside what they are authorized to do, you can file an unauthorized trading lawsuit to recover compensation. Regularly checking your account statements can be critical for ensuring your money is being managed according to your contract.
Breach of Fiduciary Duty
Investment brokers typically handle large amounts of money for their clients. Because of this and the fact that a significant financial loss can leave an investor facing financial ruin, brokers are held to a high level of responsibility.
The law requires that financial brokers thoroughly investigate the risks and rewards of any investment opportunity before making a recommendation to a client. Brokers must also create a detailed investment strategy that considers the needs of those whose money they manage.
If your financial advisor or stockbroker neglects to consider your individual needs, fails to perform due diligence, or omits or misrepresents details about an investment, you may have grounds for filing a claim.
Asset Allocation Misconduct
It’s critical that your broker split your investment among different asset types in a manner that makes sense for your situation. The different asset classes include:
- Real estate
- Natural resources
- Foreign currency
Your risk tolerance will guide the proper division of your assets. Younger investors can afford more risk in their portfolios, which means their money can safely be invested in fewer asset types. While they may experience short-term losses, the market’s long-term trajectory will likely result in significant gains overall.
Meanwhile, older investors are more risk-averse. These investors need positive returns year-by-year and can’t weather volatility nearly as well. That’s why a diversified portfolio with investment in several asset types is critical for ensuring financial health.
If your financial advisor does not invest your money among different asset types in a manner that meets your needs, you may have a case against them for asset allocation misconduct.
Failure to Supervise
When the improper actions of a broker cause you significant financial losses, the broker may not be the only party to blame. Brokerage firms have a legal responsibility to ensure their employees perform their duties responsibly, legally, and ethically.
If you sustained substantial financial losses due to misconduct on the part of your broker, an experienced investment fraud attorney in Sun City, AZ, can help you file a lawsuit against the broker and the brokerage firm.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
Should I Hire a Sun City Securities Fraud Lawyer?
It’s not always clear if the financial losses related to your investment were caused by fraud or not. Many factors can cause you to lose money. While mismanaged funds, fraud, and other illegal activity can all play a role, your losses could also be caused by unpredictable events and natural market fluctuations.
If you think you may have been the victim of investment fraud, the United States Securities and Exchange Commission has created this checklist of investment fraud red flags. If any of these red flags match your experience, it may be time to contact a securities fraud lawyer for help.
Reasons to Choose Our Firm for Your Investment Fraud Case
Meyer Wilson is among the top investment fraud law firms in the country. Our award-winning team has over 75 years of combined experience, and we’ve managed to recover over $350 million in damages. There are a variety of factors that set us apart from the competition, including that we:
- Prepare every case from day one as though it is going to court to increase our leverage in negotiations and ensure we are on our game if a trial is necessitated
- Are selective in the cases we handle so that we keep our caseload manageable and ensure every client gets the attention they deserve
- Work on a contingency fee basis so our clients don’t have to worry about paying for legal services they can’t afford
- Use state-of-the-art technology to streamline things for our clients
Our lawyers are nationwide leaders in investment fraud cases.
Get Help From an Experienced Investment Fraud Lawyer Serving Sun City, AZ
After suffering losses resulting from investment fraud, the best way to recover the money you need and deserve is by hiring an experienced securities fraud attorney. At Meyer Wilson, we have a proven track record of securing favorable outcomes for our clients.
Contact us today by using the chat tool on this site, completing our online contact form, or giving us a call and schedule your free case review with a member of our legal team.
Recovering Losses Caused by Investment Misconduct.