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, it’s crucial that you hire a trusted attorney 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.
Forms of Financial Advisor Misconduct Our Lawyers Can Combat
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 licensed in California and who 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. You can turn to Meyer Wilson if you’ve lost money to any of the following forms of misconduct:
Fraud occurs when your advisor intentionally misleads you in order to get you to buy or sell a financial asset, resulting in personal benefit for your advisor.
An unsuitable recommendation occurs when a financial advisor pushes you to make an investment that is inappropriate for or misaligned with your unique financial situation and needs. If you’re unsure whether a recommendation was suitable or not, an attorney can investigate the situation and provide the clear answers you’re looking for.
Breach of Fiduciary Duty
When you enter a client-advisor relationship, your advisor may take 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 financial advisor misconduct lawyers can hold them accountable.
Many forms of misconduct qualify as a breach of fiduciary duty. If you’re unsure whether your advisor has failed to live up to their contractual duties or U.S. Securities and Exchange Commission regulations, a lawyer from our firm can help you understand your situation.
Best Execution Abuse
Your advisor might be guilty of best execution abuse if they failed to use reasonable care to carry out a trade order in a way that aimed to achieve the most favorable price under the market conditions that were present at that point in time.
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.
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.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
How a Financial Advisor Misconduct Attorney Can Help You Recover Losses
Holding an advisor or broker responsible for misconduct can be difficult. The process typically involves an investigation, negotiations, and in some cases, arbitration or litigation. 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 appropriate forum, including 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
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. While not all cases require arbitration, it’s best to play it safe and get started on your case sooner rather than later.
Under FINRA Rule 12206, your arbitration claim must be filed within six years from 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 timely reach out to an attorney from our legal team, they’ll likely be able to meet this time requirement, depending on the circumstances of your case.
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 now 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. Although we can’t promise you’ll receive as much as our past clients have, we promise to demonstrate the same commitment and client-focused advocacy that has allowed us to change thousands of lives.
Contact us today to schedule a free consultation with a financial advisor misconduct lawyer and get started on your path to compensation.
Recovering Losses Caused by Investment Misconduct.