At Meyer Wilson Werning, our FINRA arbitration lawyer in Detroit helps investors recover losses due to misconduct on the part of their financial advisors. With over $350,000,000 recovered for clients, we focus on claims involving unsuitable investments, unauthorized trading, excessive use of margin, and other financial advisor negligence.
FINRA arbitration is where most disputes with advisors and financial firms are resolved, offering a structured process to pursue compensation. Our Detroit securities & investment fraud lawyers thoroughly prepare cases by reviewing account statements, gathering evidence, and consulting financial experts to present a strong claim.Â
Contact Meyer Wilson Werning to discuss how we may assist in recovering your investment losses through FINRA arbitration.
Types of Financial Advisor Misconduct Addressed in FINRA Arbitration
Our Michigan securities & investment fraud lawyers handle cases involving different forms of financial advisor misconduct. Misconduct occurs when financial advisors fail to act in their clients’ best interests, resulting in impactful financial harm.Â
In some cases, multiple forms of advisor misconduct may be present, compounding the losses experienced by investors. Examples of cases our investment fraud lawyers have experience handling include:
- Unsuitable investments: Recommending investments that do not align with the client’s financial goals, risk tolerance, or overall circumstances.
- Churning: Engaging in excessive trading within a client’s account to generate commissions, disregarding the client’s financial well-being.
- Overconcentration or lack of diversification of assets: Focusing too much of a portfolio in a single asset, sector, or type of investment, creating unnecessary risk.
- Unauthorized trading: Executing trades in a client’s account without their knowledge or approval.
- Failure to disclose risks: Failing to provide key information or misleading clients about the risks of certain investments.
Our team of attorneys in Detroit works to demonstrate the link between an advisor or financial firm’s negligence and their clients’ losses through FINRA arbitration.Â
How Investors Benefit From FINRA Arbitration
FINRA arbitration offers several advantages for investors seeking to recover financial losses caused by advisor misconduct. Unlike court litigation, arbitration provides a more efficient and streamlined process, allowing disputes to be resolved more quickly. This can help investors avoid the prolonged timelines often associated with court cases.
The arbitration process is private, meaning hearings are not open to the public. The decisions are not confidential, but the private setting provides a level of discretion that many clients prefer when addressing sensitive financial matters.
Additionally, decisions made by the arbitration panel are binding, eliminating the possibility of lengthy appeals. This finality allows investors to move forward with clarity and confidence once the case has been resolved.
Why Choose Meyer Wilson Werning for FINRA Arbitration in Detroit?
Meyer Wilson Werning has the resources and experience needed to pursue recovery for Detroit investors through FINRA arbitration. With our team of seven attorneys and a large legal support staff, we have the infrastructure to take on major brokerage firms and financial institutions.
Other accolades that set us apart include:
- Over $350 million recovered: We have recovered significant financial losses for thousands of investors across the country.
- Extensive experience: With over 75 years of combined experience, our team includes seven attorneys supported by a large legal staff to handle even the most challenging arbitration cases.
- Leadership in investor protection: Founding partner David Meyer has served as president of PIABA, working with FINRA, the SEC, and other policymakers to advocate for stronger investor protections.
- Focused representation: By maintaining a low caseload, we dedicate the time and attention necessary to thoroughly prepare each case for arbitration.
Our firm is prepared to represent Detroit investors in FINRA arbitration and guide them through the process of recovering their financial losses.
Steps to Take if You Suspect Financial Advisor Misconduct
Investors who believe their financial advisors have acted improperly should take immediate action to protect their rights to file for FINRA arbitration. Our attorneys suggest taking the following actions:
- Consult a FINRA arbitration lawyer: Retain the representation of a securities lawyer before contacting regulators. Filing complaints prematurely or without legal guidance may harm your case.
- Gather documentation: Collect account statements, trade confirmations, and any communication you’ve had with your financial advisor. These records may help identify unauthorized trades, unsuitable investments, or other misconduct.
- Track investment losses: Keep a detailed record of your financial losses, noting when they occurred and how they relate to your advisor’s actions.
Acting promptly and seeking legal advice ensures your claim is properly evaluated and filed within the required time limits. Meyer Wilson Werning is ready to review your situation and help you pursue recovery through FINRA arbitration.
Our Detroit FINRA Arbitration Lawyer Works on Contingency
At Meyer Wilson Werning, we handle all FINRA arbitration cases on a contingency fee basis. You will not have to pay any upfront fees to hire our firm, and we only receive payment if we successfully recover compensation for you.
We also advance most case-related expenses, so you don’t need to worry about the costs of building your claim, such as expert consultations or filing fees. Our contingency-based approach reflects our commitment to making legal representation accessible for investors who have suffered financial losses due to advisor misconduct.
Our Detroit Lawyers Handle Cases Involving Brokers or Financial Advisors
Meyer Wilson Werning’s investor claims practice group focuses exclusively on cases involving financial losses caused by brokers or financial advisors. Unfortunately, we are unable to assist with losses from scams, cryptocurrency-related fraud, or other situations where a broker or advisor or brokerage firm was not involved.
If your losses were the result of misconduct or negligence by a licensed financial professional, our team may be able to help.
Let Our FINRA Arbitration Attorneys in Detroit Pursue Recovery for Your Losses
Financial advisor misconduct can derail your investments, causing preventable harm to your financial portfolio. Meyer Wilson Werning can pursue recovery for your losses through FINRA arbitration.
Contact us today for a free consultation. Our experienced attorneys can evaluate your case and guide you through the process of pursuing recovery.