If you have suffered financial losses due to your financial advisor or investment broker churning your investments, the consequences for your future can be significant. Fortunately, you may be able to recover compensation for your losses. An Experienced excessive trading/churning lawyer in Tampa can help you pursue damages from the liable party.
At Meyer Wilson, our experienced team has represented many clients in situations just like yours. If you are seeking compensation for losses caused by excessive trading/churning, our Tampa investment fraud lawyers are here to help. Reach out to us today by phone or through our website to schedule a free case review with a member of our legal team.
What Is Churning?
Churning is the process of making excessive trades with an investment for the purpose of racking up transaction fees. In the financial sector, one of the most common fees collected by financial professionals is a transaction fee. Every time your investment gets moved around, your investment advisor or broker will collect a fee for the transaction.Â
Unfortunately, this can lead to unethical behavior, where your money is moved around excessively for the sole purpose of racking up fees. Financial professionals have a duty to make investment decisions and give financial advice that can help a client grow their investment. If your money is being mishandled, you have the right to take legal action.
If you know or suspect that your investment is being churned, you should reach out to an experienced excessive trading/churning attorney in Tampa. Your lawyer will review the details of your case to determine whether your financial advisor is behaving unethically and begin to build your case for compensation.
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The SEC Imposes Penalties for Churning
In addition to being unethical, investment churning is also against the law. The United States Securities and Exchange Commission (SEC) can impose civil penalties against financial professionals found to be engaged in churning.
While your financial advisor may be permitted to trade securities on your behalf, they are not permitted to do so if the sole purpose is to create commissions for each transaction and the moves do not ultimately benefit you. An experienced attorney can help if you are considering suing your financial advisor.
How a Churning / Excessive Trading Lawyer in Tampa Can Help
When attempting to recover compensation after losing money on your investment due to churning, having an experienced lawyer by your side can be invaluable. Proving churning on your own can be incredibly challenging. Fortunately, your attorney will conduct a thorough investigation into your case and know exactly what to look for as they attempt to prove churning.
When you hire a Tampa excessive trading/churning attorney to help you recover compensation, they will handle every step of the legal process. Your lawyer will explain your legal rights to you and keep you updated about any developments in your case.
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Why You Should Choose the Team at Meyer Wilson
After experiencing financial losses due to churning, it’s essential to enlist the services of an experienced excessive trading/churning lawyer in Tampa, FL, to help you recover the compensation you deserve. Our dedicated legal team is here to assist you.
For over 25 years, we have helped more than a thousand victims of investment misconduct secure the compensation they are entitled to from those responsible for their losses. Here’s what sets us apart from other investment fraud firms:
- Extensive experience: Our team boasts over 75 years of combined experience in handling investment fraud cases.
- Balanced caseload: We maintain a manageable caseload that allows us to focus attention on each client and case.
- Trial-ready approach: From the outset, we treat every case as if it will go to trial or a FINRA arbitration hearing, giving us leverage in negotiations and ensuring we are fully prepared for trial if needed.
- Responsiveness and transparency: We prioritize clear communication and transparency in all client interactions.
- Advanced technology: We utilize cutting-edge technology in every aspect of our practice.
- Contingency fee basis: You won’t owe us anything for our legal services unless we successfully recover damages on your behalf.
- Significant recoveries: We have successfully obtained more than $350 million for our clients.
Our firm is knowledgeable in investment fraud cases where the wrongdoer is associated with an investment firm. Our excessive trading/churning attorneys in Tampa, FL, can help you recover your losses resulting from misconduct by a financial advisor or stockbroker.Â
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Common Signs of Investment Churning
If you think your investment is being mismanaged, there are things to look for that can help you identify misconduct. Some of the most common signs of stock churning include:
- Any irregularities with your account
- Poor returns on your investment
- Returns that don’t match market trends
- Unexpected fees and commissions on your statement
- Lack of diversification in your portfolio
- A high turnover rate for your investment
- Unprofessional behavior from your financial advisor
- Unsuitable investments
- Excessive notifications
- Lack of communication about how your money is being invested
Any of these things can be a red flag that your money is not being handled properly. If you notice any of these red flags, you should reach out to an experienced attorney as soon as possible. Your lawyer can help you determine whether your investment advisor is churning your investment or engaging in any other form of misconduct.
Reach Out to an Experienced Excessive Trading / Churning Attorney Serving Tampa Today
Our experienced team can help you pursue compensation through FINRA arbitration or by bringing a civil lawsuit against the liable party. At Meyer Wilson, we have a long history of helping our clients get the money they need to put the pieces of their lives back together.
Get in touch with us by phone or through our website to schedule a free case evaluation with a member of our legal team. You can also check out our reviews to get a better idea of the quality of service we ensure our clients receive.
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