Stockbrokers owe high standards of care to investors. A client’s future financial stability is in the hands of the broker or financial advisor. As a client, you have the right to expect prudent and reasonable counsel from a stockbroker. The broker should only make investment recommendations that are suitable for you and should never engage in any activities that breach securities laws. Unfortunately, not all brokers are worthy of clients’ trust.
When a stockbroker breaks your trust and commits fraud, misconduct, mismanagement, unethical conduct or a crime in Ohio, consult an investment fraud attorney from Meyer Wilson right away. Our attorneys may be able to help you demand compensation.
Why Choose Meyer Wilson?
- We exclusively handle investor claims. Stockbroker and financial misconduct claims and class/mass actions are what we do all day, every day.
- We have a 99% case success rate. Our past case results showcase our determination to do what is necessary to obtain full compensation for clients.
- We are always open, honest and transparent with clients. Our law firm has a goal to respond to all correspondence (calls, texts, emails) within 12 hours.
- We operate on a contingency fee basis. If we represent your broker misconduct claim in Ohio, you will only pay if we win your case.
Why Clients Need Broker Misconduct Attorneys
Broker misconduct could lead to thousands of dollars lost for you as an investor. A stockbroker’s negligent or intentional mismanagement of your account could ruin your retirement or put your family under severe financial duress. You do not have to accept your losses without a fight if you suspect your stockbroker of misconduct. The broker and/or firm could owe you compensation to make up for your past and future losses. A civil claim against a stockbroker in Ohio could result in fair payment for your economic injury.
Hiring an attorney from Meyer Wilson can increase your odds of securing fair compensation for your damages. Rather than running the risk of missing a deadline or filing paperwork incorrectly, trust these tasks to an attorney to proceed with peace of mind. Your lawyer can use aggressive defense strategies to prove your case before a judge or jury, if necessary. You do not have to worry about accepting a lowball settlement offer when a lawyer is representing your best interests.
What Is Broker Misconduct?
Broker misconduct can be an intentional or unintentional act that goes outside of the responsibilities the broker owes the client. Stockbrokers have certain duties of care when counseling clients according to state and federal laws. Several organizations, including the U.S. Securities and Exchange Commission, have rules that regulate what a broker can and cannot do in Ohio. Any action that violates these regulations or breaches the broker’s duty of care to the client is misconduct.
- Unsuitable recommendations
- Ponzi schemes
- Pyramid schemes
- Unauthorized trading
- Excessive trading
- Overconcentration
- Outright theft
- Misrepresentation
Some incidents of investment misconduct are negligent or careless. The broker may not have intended to harm the client but did so by failing to exercise reasonable care. Other acts of misconduct take the form of fraud, or the intentional deception of a client for financial gain. Intentionally defrauding a client is unethical and against the law. In either case, the injured client may have grounds for a lawsuit.
Contact an Ohio Broker Misconduct Lawyer Today
The law firm of Meyer Wilson has helped more than 800 investors around the country with investment fraud claims. Broker misconduct is a practice area in which we have extensive experience. Please do not hesitate to contact our law firm if you recently suffered economic harm from broker misconduct. We may be able to help you bring a claim against one or more parties demanding compensation.
