If you’ve lost money due to investment fraud, you’re probably upset and wondering how you’ll regain your financial footing and bring the offending brokerage firm or financial advisor to justice. At Meyer Wilson, we understand the frustration you must be feeling. That’s why our investment fraud lawyers are here to help.
An Illinois investment fraud lawyer from our firm can investigate your situation and take action against the financial advisor. Ultimately, we’ll aim to obtain the compensation you need to replace your losses and move forward with your investment career. We’ve won over $350 million for investors like yourself, so you can count on us to win your case.
Key Takeaways
- An Illinois investment fraud lawyer actively investigates and prosecutes cases of financial deception.
- They possess the necessary knowledge and experience in investment fraud cases and understand the intricacies of the Illinois legal system.
- They are well-versed in common defenses used in investment fraud cases and conduct detailed investigations to gather evidence against fraudsters.
- If you suspect investment fraud in Illinois, it is important to document and gather evidence, report the suspected fraud, consult with an experienced investment fraud lawyer, and educate yourself about warning signs to avoid falling victim to scams.
How Our Illinois Investment Fraud Attorneys Can Help You
At Meyer Wilson, we actively investigate and prosecute cases of financial deception, protecting investors from fraudulent schemes. Hiring an experienced Illinois investment fraud lawyer is of utmost importance when dealing with such cases.
Our firm is able to investigate your case thoroughly. We have access to resources and connections that enable us to gather evidence and build a strong case against the offending party. By conducting a detailed investigation, we can uncover crucial information that may not be readily apparent to the average investor.
We also understand the common defenses used by fraudsters in these cases. They are well-prepared to counter these defenses and protect their own interests. They have the legal acumen to identify any loopholes or inconsistencies in the defense’s argument and effectively challenge them.
Our team can file a legal claim on your behalf and take the advisor or brokerage firm to arbitration. During arbitration, we’ll present your side of the story and work with an arbitrator to reach a resolution. If all goes well, you’ll receive a settlement that covers your financial losses.
Types of Investment Fraud Cases in Illinois
With over 75 years of combined experience, our team has seen nearly every type of investment fraud case you can think of. You can count on our investment fraud attorneys serving Illinois to pursue comprehensive compensation for losses incurred due to any of the following forms of fraud or broker negligence:
- Unauthorized trading
- Unsuitable investment advice
- Excessive trading
- Ponzi schemes
- Failure to supervise
- Affinity fraud
- Overconcentration
- And more
If you’ve fallen victim to one of these acts of fraud, don’t panic. A securities fraud lawyer can take care of your case. We can file a claim for fraud and pursue the financial remedies you need to move past this unfortunate incident.
Steps to Take if You Suspect Investment Fraud in Illinois
If you suspect investment fraud, there are several steps you can take to combat it. While hiring a skilled investment fraud attorney serving Illinois is the best defense against securities fraud, you can also take the following actions to recuperate from serious investment losses:
- Document and gather evidence: Keep records of all investment-related documents, including contracts, statements, and correspondence. Take detailed notes of suspicious conversations or interactions with investment advisors. This evidence will be invaluable when reporting the fraud and seeking legal action.
- Be aware of common red flags: Educate yourself about the warning signs of investment fraud. Some common red flags include promises of high returns with little to no risk, pressure to invest quickly, and unregistered investment professionals. Recognizing these signs can help you avoid broker fraud.
- Consult with an experienced investment fraud lawyer: Seek legal advice from a securities fraud lawyer. They can guide you through the legal process, help you understand your rights, and represent your interests in pursuing a claim against the perpetrators.
Damages Our Illinois Investment Fraud Lawyers Can Recover
One of the most important steps a skilled lawyer can take for you is recovering damages for your investment fraud losses. Our team understands securities law and has a track record of success with these types of cases. We can guide you through your claim, explore various compensation options, and obtain a settlement that meets your unique needs.
Depending on the specific details of your case, we may pursue any of the following forms of financial compensation:
- Restitution: This involves seeking the return of the original investment amount plus any additional losses incurred due to the fraud.
- Compensatory Damages: These are monetary awards intended to compensate for any financial losses, such as lost profits, that occurred as a result of the fraudulent investment.
- Punitive Damages: In some cases, punitive damages may be awarded to punish the wrongdoer and deter others from engaging in similar fraudulent activities.
- Legal Costs and Attorneys’ Fees: In successful investment fraud lawsuits, the court may order the defendant to cover the plaintiff’s legal costs and attorneys’ fees.
It is important to note that the recoverable damages will depend on various factors, including the extent of the fraud, the losses suffered, and the defendant’s ability to pay. An experienced investment fraud lawyer will work diligently to maximize your chances of recovering the compensation you deserve.
How Long Does it Typically Take to Resolve an Investment Fraud Case in Illinois?
As a victim of investment fraud, you’re probably eager to obtain financial compensation for the losses you’ve incurred. One of the first questions you’ll probably ask your legal representation is, “How long will my case take?”
An experienced attorney will tell you that resolving an investment fraud case can take time. Common challenges in resolving cases include gathering evidence, negotiating settlements, and navigating legal processes. A lawyer can review the specifics of your case and give an estimation of how long it might take to recover compensation.
Is It Necessary to File a Lawsuit to Recover Damages in an Investment Fraud Case in Illinois?
Filing a lawsuit to recover damages in an investment fraud case is not always necessary. Alternative recovery options are available, like arbitration, which is governed by the Financial Industry Regulatory Authority (FINRA). Our team can handle your FINRA arbitration claim and answer any questions you have about the process.
Our securities fraud attorneys have extensive experience handling these types of claims. We can draw on our in-depth knowledge and connections to ensure your case goes as smoothly as possible. You can count on our investment fraud law firm to make the right choices for your case at every stage of the process.
Schedule a Free Consultation With a Lawyer From Our Investment Fraud Firm
When you lose money at the hands of dishonest investment advisers, it can wreak havoc on your finances and impact your confidence in future investments. Luckily, you have legal options at your disposal that can be used to recover your losses. At Meyer Wilson, our experienced securities fraud lawyers are here to help you take the right path to compensation.
We’ve handled securities fraud claims for decades and have helped countless victims of securities fraud get the results they deserve. We aim to level the playing field between you and powerful interests, ensuring you get the compensation you need to move forward. Contact us today to schedule a free consultation with an Illinois investment fraud lawyer.
