Investing has become an important part of planning for the future. Making informed investment decisions can be critical for ensuring your financial well-being. Unfortunately, entrusting your money to the wrong person can result in big financial losses due to investment fraud. If you sustained losses to your investment, an investment fraud attorney serving Jacksonville can help.
At Meyer Wilson, we understand the challenges faced by those who have lost money due to investment misconduct. Our experienced team of investment fraud lawyers serving Florida can help you collect compensation from the liable party. Set up your free initial case evaluation by giving us a call or using our online contact form today.
Our Firm Handles All Types of Investment Misconduct Cases
Since founding our firm over 25 years ago, we have assisted clients in recovering compensation after suffering losses caused by all sorts of different investment fraud schemes. Our Jacksonville team includes:
- Broker negligence lawyers
- Asset allocation misconduct attorneys
- Failure to supervise lawyers
- Unauthorized trading attorneys
- Breach of fiduciary duty lawyers
Brokers are required to take every possible precaution to ensure they are investing their clients’ money in the best possible manner. If you suffered financial losses caused by your broker neglecting to do their duty to properly research the areas into which they are investing your money, a securities fraud attorney can help you pursue damages through a lawsuit.
Asset Allocation Misconduct
One of the most important things for a financial advisor to consider when deciding how to invest the money of a client is their risk tolerance level. The amount of risk a client can take on is the biggest factor when deciding how to distribute a client’s investment among different asset types. The asset classes a broker may split your money between include:
- Foreign currency
- Real estate
- Natural resources
Most older investors are not as tolerant of risk as many younger investors. Because of this, using a more conservative approach to allocating your investment between different asset classes is typically the best approach for older investors. To help increase stability and ensure yearly gains, distributing their money between numerous asset types is preferable.
Meanwhile, it might be in the best interest of certain younger investors to group their investments into a small number of asset types. With this approach, there can be dips in their investment at times, but as balance is restored to the market, losses may be recovered. There is also a chance for greater financial gain if investing in asset classes with greater growth potential.
If your investment advisor fails to distribute your money between asset types in a manner that aligns with your risk tolerance, you can hold them liable for any resulting losses.
Failure to Supervise
Following a financial loss caused by investment fraud, the brokerage where your financial advisor works may be liable for damages. Brokerage firms must take measures to ensure their employees are complying with all financial industry regulations and laws.
If your advisor breaks the law or in any other way behaves unethically while handling your investment, an investment fraud attorney serving Jacksonville, FL, can help you file lawsuits against both your financial advisor and the firm that employs them to recover the money you need.
When making trades with the money of a client, financial advisors must first receive authorization from the investor. This authorization is typically granted in one of two ways.
The first method for authorizing trades is by approving each individual trade proposed by your financial advisor on a case-by-case basis. Alternatively, you may choose to grant your advisor discretion to buy and sell on your behalf through executing a power of attorney. .
If your advisor trades your money without obtaining your authorization, you can hold them accountable for any losses you suffered as a result of the trade.
Breach of Fiduciary Duty
There is a high standard of fiduciary responsibility to which investment advisors are held. Since these investment professionals frequently handle the majority of the savings for their clients, the potential to ruin them financially if they mismanage their investments is high.
Before a financial advisor can present an investment opportunity to a client, they must perform due diligence, familiarizing themselves with the potential risks and rewards of the investment and ensuring that the investment aligns with their client’s investment objectives.
Furthermore, they must provide their client with complete and accurate information about the investment. Failure to do so could leave them open to legal action.
We Have Recovered Over
$350 Million for Our Clients Nationwide.
How to Know if Investment Fraud Caused Your Financial Losses
When you suffer financial losses after investing your money with a brokerage firm, it is not always clear what caused the losses. In addition to investment fraud, a variety of other factors can also have a negative impact on your investment.
To determine whether investment fraud was the cause of your losses, you should consult this checklist of investment fraud red flags put together by the Securities and Exchange Commission (SEC). If you notice anything on this list that seems similar to what you experienced, it may be time to contact an experienced securities fraud lawyer.
The Award-Winning Team at Meyer Wilson Makes Us One of the Leading Investment Fraud Legal Firms in the Nation
With more than 75 combined years of experience as investment fraud lawyers, our legal team has won $350+ million in damages. Some of the things that set us apart from other investment fraud firms include:
- Our guarantee to our clients is that they will not have to pay us if we are unable to recover damages on their behalf.
- The way in which we go about preparing each case we handle for court from the start, as this ensures that we are ready if your case ends up going to trial while giving us leverage in settlement negotiations.
- Our commitment to maintaining a small caseload which allows us to give every client and every case the attention required.
- Our use of state-of-the-art technology in every aspect of what we do to help ensure that things go smoothly and increase our chances of winning your case.
Our lawyers are nationwide leaders in investment fraud cases.
Get Assistance From an Experienced Jacksonville Investment Fraud Attorney Today
Following financial losses resulting from investment fraud, you can find yourself in a difficult financial position. Your best option is to hire an experienced lawyer to recover your losses and protect your financial future. At Meyer Wilson, our investment fraud lawyers representing clients in Jacksonville will work tirelessly to help get you the money you deserve.
Contact us to set up your free initial case consultation today. You can reach us by phone or through this website to get started.
Recovering Losses Caused by Investment Misconduct.