Investment misconduct isn’t just a legal issue; it’s a matter that threatens your financial well-being. Beyond the immediate losses, your future retirement plans could also be impacted. If you have suffered losses in your investment portfolio due to your broker’s negligence or wrongful actions, a California investment fraud lawyer serving Clovis, CA, can help.
At Meyer Wilson, we have over 50 years of combined legal experience protecting investors’ rights. Our team is experienced in uncovering investment fraud and deceptive practices in the financial industry. Contact us today to schedule a free case consultation.
Our Law Firm Handles a Wide Range of Investment Fraud Cases
Since opening our law firm in 2000, we have represented a wide range of investment ( securities) fraud cases. Over the years, our commitment to protecting the rights of investors has only strengthened.
Types of investment misconduct cases we handle include:
- Ponzi schemes: In these schemes, the perpetrator entices investors with the promise of high returns that seem too good to be true. The catch with Ponzi schemes is that the returns are not generated through legitimate business activities but rather by continuously recruiting new investors.
- Unsuitable investments: When financial advisors recommend or implement investment strategies that do not align with an individual investor’s unique circumstances, it constitutes unsuitability.
- Failure to diversify: Diversification is a fundamental strategy to mitigate risk by spreading investments across different asset classes. Financial advisors’ failure to implement a diversified approach exposes investors to concentrated risk in specific sectors or assets.
- Margin trading: This involves borrowing money to invest, thereby amplifying potential gains and losses. Margin trading allows investors to control a larger position than their actual capital but also exposes them to heightened risk.
- Churning: This occurs when a financial advisor excessively trades securities in a client’s account to generate commissions. Churning is a clear breach of the fiduciary duty that financial advisors owe to their clients.
We recognize individuals’ unique challenges when their financial security is compromised. Meyer Wilson has been at the forefront of this fight, advocating for our clients and holding accountable those who engage in deceptive practices within the financial industry.
What Is the Difference Between Investment Fraud and Misconduct?
At Meyer Wilson, we understand that clients don’t fall victim only to fraud; in certain cases, the broker may be guilty of negligent actions. Our seasoned legal team will help uncover if brokers entrusted with your financial well-being have failed to uphold their duty of care.
Whether you’ve suffered losses due to fraudulent schemes or the negligent actions of a financial advisor, we will hold those at fault accountable. Our commitment to protecting your financial security goes beyond uncovering wrongdoing; we will also compassionately guide you through the financial recovery process.
While both investment fraud and misconduct involve deceptive or wrongful actions within the financial industry, there are differences between the two terms.
Investment fraud is a deceptive and illegal practice that jeopardizes investors’ financial security. In this deceitful scheme, individuals or entities manipulate the investment landscape to mislead investors, often promising unrealistic returns or concealing risks. Fraud involves intentional deceit to manipulate investments and defraud investors.
Investment misconduct is a broader term encompassing a range of unethical or wrongful actions within the financial sector. It includes fraudulent activities and negligent or inappropriate behavior by financial professionals.
Exploring Your Options for Financial Recovery
Investment fraud can have a profound impact on victims and their families. Victims suffer immediate financial losses, but these losses can also erode diligently accumulated life savings and assets.
If you or a loved one suffered losses caused by a reckless financial advisor, you have options to recover. Our team’s experienced securities fraud lawyer will carefully review your case and help you find the best approach for your situation.
Financial Industry Regulatory Authority (FINRA) Arbitration
The Financial Industry Regulatory Authority (FINRA) plays a crucial role in safeguarding the interests of investors within the financial industry. As a non-governmental organization authorized by Congress, FINRA acts as a regulatory body overseeing brokerage firms and their registered representatives.
Most investment fraud cases are resolved through the FINRA arbitration process. Instead of going through the traditional court system, which can be lengthy and costly, this alternative dispute resolution provides a more accessible means to address grievances. A panel of impartial arbitrators reviews the evidence and makes a binding dispute decision.
On the rare occasions when arbitration is not an option, victims can explore other options to seek justice. By filing a lawsuit against the liable party, typically a brokerage firm or financial advisor, investors can pursue legal recourse through the court system.
You should not engage in securities litigation without legal representation. Attempting to navigate this terrain without professional guidance from a securities fraud attorney can be risky and may jeopardize the success of your case.
An Investment Fraud Lawyer Serving Clovis, CA, Will Protect Your Interests
Going up against a professional or a large financial institution can be overwhelming. However, this should not stop you from holding the responsible parties accountable for their actions. Also, by taking a stance, you fight for your and your family’s financial security.
At Meyer Wilson, we understand that you may feel discouraged from taking legal action, but we want to empower you to fight for justice. We will guide you through the process and protect your rights. Contact us today to start planning an effective legal strategy.