People hire investment brokers to grow their nest egg and ensure their financial future. Unfortunately, investment fraud can cause significant losses and leave investors facing financial disaster. If you were the victim of fraud, an experienced investment fraud attorney serving Surprise, AZ, can help you recover the compensation you need and deserve.
At Meyer Wilson, we have helped countless investment fraud victims recover the compensation necessary to replace their financial losses. Reach out to us today to learn more about how we can help through a free case consultation with a member of our team.
Common Forms of Investment Misconduct
Investment fraud can occur in a variety of ways. Some of the most common forms of investment fraud cases we handle include:
- Unauthorized trading
- Broker negligence
- Breach of fiduciary duty
- Asset allocation misconduct
- Failure to supervise
When you hire an investment broker to handle your money, you will sign an investment contract. Included in this contract will be regulations regarding what actions your broker can take with your money. While they will likely be allowed to make certain moves with your money without getting direct approval for the specific move, limits will also be applied.
If your broker makes trades with your investment that are outside the limits imposed by the contract, you may be able to file a lawsuit for unauthorized trading. Checking your account statements on a regular basis is essential for ensuring that your money is being properly handled.
Investment professionals are legally required to perform their jobs in a responsible manner. Investors should be able to trust that their money is being properly handled and that their broker is working with their best interests at heart. If your broker fails to perform the necessary actions to ensure an investment is sound, they could be guilty of negligence.
Breach of Fiduciary Duty
When you entrust your money to a brokerage firm, you assume that your broker is going to handle your investment appropriately. Because of the large amounts of money involved in investments and the potential for personal financial ruin, if these funds are mismanaged, brokers have a high level of responsibility.
Financial brokers are required by law to familiarize themselves with the risks and rewards of any investment before committing their client’s money. They also need to craft an investment strategy that takes the individual needs of each client into account.
If your stockbroker or financial advisor misrepresents or omits details about an investment, fails to consider your needs, or doesn’t perform due diligence, you may be eligible to file a claim.
Asset Allocation Misconduct
When investing your money, your broker needs to ensure that you have diversity in your portfolio by investing in multiple asset types, like:
- Foreign currency
- Real estate
- Natural resources
The risk tolerance of an investor will guide the distribution of their money among different assets. A younger investor can afford more risk, which means they can concentrate their money among fewer asset types. While this can result in more short-term volatility, the market will stabilize over time, and the potential for higher long-term returns can be greater.
For older investors, year-over-year stability is more critical. In these cases, investment in a wide range of asset types is vital. If your financial advisor fails to invest your money in asset types that make sense for your situation, you can file a lawsuit to secure compensation for asset allocation misconduct.
Failure to Supervise
When a broker mismanages the money of an investor, they might not be the only party that can be held liable for damages. Brokerage firms are legally obligated to monitor the activity of their employees to ensure they are investing in a legal, ethical, and responsible manner.
If you suffered significant financial losses due to investment fraud, hiring an experienced investment fraud lawyer serving Surprise, AZ, can help you pursue a claim against the broker and brokerage firm.
Reasons to Work With Our Investment Fraud Law Firm
Meyer Wilson is one of the top investment fraud law firms in the nation. With over 75 years of combined experience, our award-winning team has successfully recovered more than $350 million in damages. Our firm stands apart in a variety of ways, including:
- Using state-of-the-art technology to increase efficiency and convenience for our clients
- Preparing every case from the start as though it is going to court, ensuring we are in a good position if a trial is necessary and that we have leverage in negotiations
- Being selective in the cases we handle to ensure our caseload is reasonable and that every client receives the attention they need and deserve
- Working on a contingency fee basis to ensure our clients get the legal help they need without having to worry about financial concerns
When to Hire a Securities Fraud Lawyer Serving Surprise
If you suffer financial losses related to your investments, you may be wondering if fraud played a role. However, identifying whether or not fraud was to blame can be challenging. In addition to fraud, mismanaged funds, and illegal activity, natural fluctuations in the market, along with unpredictable events, can cause significant financial losses.
If you think that investment fraud may have been the cause of your losses, you should review this checklist of investment fraud red flags provided by the United States Securities and Exchange Commission. If you see signs on this list that look familiar to your situation, you might want to reach out to an experienced securities fraud attorney for help.
Get Started on Your Case With an Experienced Surprise Investment Fraud Lawyer
Following losses caused by investment fraud, securing the services of an experienced investment fraud lawyer serving Surprise can be critical. At Meyer Wilson, we have a long history of winning large payouts for our clients.
Contact us today by calling us, filling out our contact form, or using our online chat tool to schedule your free case evaluation with one of our experienced lawyers.