Entrusting your savings and investments with a financial advisor may come with some level of financial risk. That said, no reasonable person would expect their advisor to engage in fraudulent or improper practices that cost them a fortune.
If you’ve lost money due to the unlawful actions of a financial advisor, you must hire a trusted investment fraud lawyer who can pursue compensation on your behalf. An award–winning financial advisor misconduct lawyer from Meyer Wilson can build a strong case and work tirelessly to hold your advisor liable for the monetary losses you’ve suffered.
How a Financial Advisor Misconduct Attorney Can Help You Recover Losses
Holding an advisor or brokerage firm responsible for misconduct can be difficult. The process typically involves an investigation and arbitration. Fortunately, the team at Meyer Wilson is closely familiar with the steps required to obtain financial remedies from dishonest advisors.
Here’s what a lawyer from our firm can do to help you recuperate from financial advisor misconduct losses:
- Investigate the acts of misconduct, collect evidence, and analyze findings
- Establish that you were part of a legitimate advisor-client relationship and that the advisor was legally required to uphold specific obligations
- Use evidence to show that your advisor failed to live up to the legal duties they owed you
- Show that the advisor’s actions caused you financial losses
- File a claim with the Financial Industry Regulatory Authority (FINRA)
- Initiate the arbitration process and represent your best interests throughout it
- Work tirelessly to recover full compensation for the losses you incurred
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Cases a Financial Advisor Misconduct Lawyer Can Take On
When financial advisors knowingly defraud their clients or engage in negligent practices that result in monetary loss, action must be taken. Whether your advisor’s actions were intentional or accidental, our financial advisor misconduct attorneys, who are licensed in California and handle cases throughout the nation, can help you seek fair compensation.
Our team has over 75 years of combined experience representing investors like yourself, so we can combat nearly any offense. Depending on the type of fraud or misconduct you’ve fallen victim to, we may refer you to one of the following attorneys on our team:
- Unsuitability claims lawyer: An unsuitable recommendation occurs when a financial advisor pushes you to make an investment that is inappropriate for or misaligned with your financial situation and investment goals. These recommendations can result in losses that require legal action.
- Breach of fiduciary duty lawyer: When you enter a client-advisor relationship, your advisor takes on certain fiduciary duties or legal responsibilities to act in your best interests. If your advisor fails to live up to these obligations and causes you to incur losses, our lawyers can hold them accountable.
- Churning (excessive trading) lawyer: If your advisor has bought and sold securities at an excessive rate in order to generate extra commission money for themselves, our attorneys may take action against them for churning, which is a form of financial advisor misconduct.
- Poor asset allocation and failure to supervise lawyer: This form of misconduct occurs when firms mismanage investments and neglect oversight of advisors. This can lead to excessive risk, unsuitable investments, or misconduct like unauthorized trading.
- Unauthorized trading lawyer: Unauthorized trading occurs when a financial advisor executes trades without the client’s consent, violating regulations and leading to unexpected losses. If you’ve fallen victim to unauthorized trading, our team is here to fight for the damages you’re owed.
The above-listed examples of misconduct only scratch the surface of the financially detrimental practices that negligent and ill-intentioned advisors are capable of. Luckily, our firm has experience in a variety of areas of representation. Reach out to our financial advisor misconduct lawyers today to learn more about how we can help your case.
Damages Our Financial Advisor Misconduct Lawyers Can Pursue for You
When you work with our financial advisor misconduct attorneys, we’ll review all the details of your case and determine which forms of compensation you should receive. Depending on your unique situation and investment losses, we may pursue any of the following damages for you:
- Investment losses
- Interest
- Money you would have made if your advisor hadn’t engaged in fraudulent acts
- Attorney’s fees
- Punitive damages, if appropriate
Taking on investment losses in excess of $100,000 due to fraud or misconduct can turn your life upside down and have a significant impact on your confidence in future investments. The good news is that our team can fight for the justice and damages you deserve, giving you the confidence you need to move forward with your investment portfolio.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
Don’t Wait to Get in Touch With a Financial Advisor Misconduct Attorney
If you believe your financial advisor has failed to uphold their fiduciary duties to you, you’ll want to get in touch with a trusted lawyer ASAP. That’s because, depending on the circumstances, FINRA may limit the amount of time you have to initiate the arbitration process.
Under FINRA Rule 12206, your arbitration claim must be filed within six years of the misconduct. Failure to abide by this procedural statute of limitations could jeopardize your financial recovery. The good news is that as long as you reach out to an attorney from our legal team soon, they’ll likely be able to meet this time requirement and fight for your compensation.
Our lawyers are nationwide leaders in investment fraud cases.
Our Skilled Financial Advisor Misconduct Attorneys Are Here for You
Losing a large chunk of your savings after being deceived by an advisor you trusted can be a devastating experience. If that has happened to you or your loved one, you might not know who you can turn to for help. At Meyer Wilson, our highly experienced attorneys are eager to come to your aid and assist you in recuperating your losses.
Our lawyers have recovered over $350 million in case results for clients like yourself. You can rest assured that when you hire a financial advisor misconduct lawyer from our firm, your case will be in excellent hands. Contact us today to schedule a free consultation with a skilled lawyer and get started on your case.
Recovering Losses Caused by Investment Misconduct.
