Detroit Securities & Investment Fraud Lawyer

If an investment firm, stockbroker, or financial advisor has engaged in fraudulent practices, causing you to incur losses exceeding $100,000, the team at Meyer Wilson can help you.

Our Michigan investment fraud lawyers have won over $350 million for our clients, including those  who have fallen victim to fraud, and we’re prepared to fight for a fair payment on your behalf.

A Detroit securities & investment fraud lawyer from our team can investigate your case, gather valuable information and evidence, and fight for the compensation you need to replace your losses. With our firm by your side, you’ll have the support and resources you need to make a full financial recovery. 

Notable Settlements and Verdicts Our Team has Achieved

At Meyer Wilson, we strive to get the best possible outcomes for the clients we work with. We do everything we can to help victims of investment fraud make full financial recoveries, and this is evident when you consider the impressive settlements and verdicts we’ve won in the past. 

Some of our most notable recoveries include the following:

• $10,000,000 for a retirement loss case
• $6,500,000 won for a large group of individual investors
• $3,800,000 won for an elderly investor who lost money to a Ponzi scheme
• $262,000,000 verdict won in case against Prudential Securities
• $30,000,000 won for 100-year-old widow who suffered investment losses

These are only a few of the case results we’ve delivered in the past. We encourage you to take a moment to review all of our past case results. Once you do, you’ll realize that our team is capable of getting the high-value settlement you need to move forward after a devastating investment fraud loss. 

Understanding Investment Fraud in Detroit

As investment fraud lawyers serving Detroit, we have encountered numerous cases involving individuals who have fallen victim to fraudulent investment schemes in the city.

Recognizing the red flags of investment fraud is crucial in protecting oneself from becoming a victim of investment fraud. There are several common types of investment fraud that are prevalent in Detroit, which we will discuss.

Ponzi Schemes

One of the most common types of investment fraud is Ponzi schemes. These schemes involve paying returns to earlier investors using funds obtained from new investors rather than from actual profits. This creates the illusion of a successful investment, attracting more people to invest their money. 

However, once new investors stop entering the scheme, it inevitably collapses, causing significant financial losses for those involved. 

Pyramid Schemes

Pyramid schemes are also prevalent in Detroit. These schemes involve recruiting individuals to invest in a business opportunity with the promise of high returns. However, the primary source of income for participants comes from the recruitment of new investors rather than from the sale of a product or service. 

As the pyramid grows, it becomes unsustainable, and the majority of participants end up losing their money. If you’ve fallen victim to a pyramid scheme or another form of investment fraud, our securities & investment fraud lawyers serving Detroit can help you get your money back.

Why You Need a Detroit Investment Fraud Lawyer

Hiring a securities fraud attorney who serves the Detroit area is important when dealing with an investment fraud case. There are several benefits of hiring an attorney, as they have a great deal of experience handling cases like yours and can provide the necessary guidance. 

Here are some reasons why you need a securities & investment fraud lawyer who takes cases in Detroit:

• Experience: The right attorney for your case will have experience dealing with investment fraud cases, specifically in the Detroit area. They’ll be familiar with relevant laws, regulations, and legal procedures, giving them an advantage in representing you effectively.
• Investigation and evidence gathering: A securities fraud lawyer serving Detroit will have the resources and connections required to conduct thorough investigations and gather relevant evidence to support your case. They can work with forensic accountants and financial experts to uncover any fraudulent activities.
• Legal representation and advocacy: When facing investment fraud allegations, you need a skilled lawyer who can provide strong legal representation and advocate for your rights. An attorney from our firm will fight on your behalf, working tirelessly to obtain the compensation you deserve.

By hiring an investment fraud lawyer serving Detroit, you can protect your interests, seek justice, and potentially recover your losses. Their experience and dedication can make a significant difference in the outcome of your investment fraud case.

Key Qualities to Look for in a Securities & Investment Fraud Lawyer Serving Detroit

When selecting an attorney, it is important to look for a lawyer who has qualities that will ensure effective representation and protection of your interests.

Finding the right lawyer can be a daunting task, but by focusing on certain important skills, you can increase your chances of finding a lawyer who will be able to handle your investment fraud case effectively.

Legal Knowledge

First and foremost, a securities fraud attorney serving Detroit should have a deep understanding of the complex laws and regulations surrounding investment fraud.

This includes knowledge of federal and state securities laws, as well as a familiarity with the various types of investment fraud schemes. Without this knowledge, a lawyer may struggle to build a strong case.

Analytical and Communication Skills

In addition to legal knowledge, a good investment fraud lawyer should possess excellent analytical and problem-solving skills. Investment fraud cases often involve sifting through large amounts of financial documents and data, so being able to identify patterns or discrepancies is important. 

A lawyer with strong analytical skills will be able to effectively evaluate the evidence and develop a solid legal strategy. Furthermore, communication skills are essential for a securities fraud lawyer serving Detroit. They should be able to clearly and concisely explain complex legal concepts to clients and present arguments persuasively. 

Integrity and Strong Work Ethic

Lastly, integrity and diligence are qualities that cannot be overlooked when choosing an investment fraud lawyer. A lawyer with high ethical standards and a strong work ethic will always prioritize their client’s best interests and work tirelessly to achieve the desired outcome.

Steps to Take When Filing an Investment Fraud Claim in Detroit

One of the first steps you must take when filing an investment fraud claim is to gather the necessary evidence and documentation to support your case. This step is crucial in establishing the validity of your claim. Here are several key steps you should take to make your claim successful:

• Collect all relevant documents: We’ll start by gathering any documents related to your investment, such as contracts, statements, emails, and any other correspondence. These documents will serve as evidence to support your claim of fraud.
• Document all communication: It’s important that you keep a record of all communication with the individuals or entities involved in the investment. This includes phone calls, emails, and in-person conversations. These records can help provide a clear timeline of events and establish a pattern of fraudulent behavior.
• File the complaint: Once you have gathered all the necessary evidence and consulted with an attorney, it is time to file your claim and pursue compensation from the offending party. With an investment fraud attorney who serves Detroit on your team, you’ll have an excellent chance of recovering your losses.

By gathering all relevant evidence, documenting communication, consulting with an attorney, and properly filing your claim, you’ll increase the likelihood of obtaining a favorable outcome in your investment fraud case.

Frequently Asked Questions

How Long does it Typically Take for an Investment Fraud Case to be Resolved in Detroit?

Investment fraud cases can take a considerable amount of time to resolve. That said, the length of your case will depend on your losses and the circumstances surrounding your case. Meet with a securities fraud lawyer serving Detroit today to learn more about case length.

Are there Any Specific Laws or Regulations in Detroit that Protect Investors from Fraud?

Investor protection laws in Detroit play a crucial role in safeguarding investors from fraud. These regulations serve as a deterrent for individuals involved in investment fraud cases, and the consequences can be severe. Learn more about the laws that apply to your case during a free consultation with a knowledgeable attorney from our law firm.

What are the Potential Consequences for those Found Guilty of Investment Fraud in Detroit?

Potential consequences for those found guilty of investment fraud include criminal charges, fines, restitution, and imprisonment. That said, these penalties often fail to deter dishonest advisors and brokerage firms from taking advantage of unsuspecting investors.

If you’ve lost money to a fraudulent scheme, our team will work tirelessly to hold the offending party responsible for your losses. 

How Can I Gather Evidence to Support My Investment Fraud Case in Detroit?

Gathering evidence to prove our investment fraud case in court is an important step in the claims process. While you must gather all the documents and records you have access to, our team can also conduct a thorough investigation. We can collect documents, interview witnesses, and analyze the evidence we collect.

Key Takeaways

We’ve all heard the stories of hardworking individuals being taken advantage of through investment fraud schemes. That’s why having a Detroit investment fraud lawyer on your side is essential. In this article, we explored the ins and outs of investment fraud claims, why you need a trusted lawyer, and the key qualities to look for in an attorney. 

We also guided you through the steps of filing an investment fraud claim and how a skilled Detroit lawyer can help you recover your losses. As you move forward with your case, we encourage you to remember the following key takeaways:

• Our investment fraud lawyers serving Detroit have experience dealing with various types of investment fraud, such as Ponzi schemes, pyramid schemes, pump-and-dump schemes, insider trading, and churning.
• Our lawyers have a deep understanding of investment laws and regulations and can handle the complex legal issues related to your investment fraud case.
• We have the resources to conduct thorough investigations and gather relevant evidence to build a strong case on your behalf.
• Hiring an experienced attorney can increase the chances of achieving justice and recovering losses caused by an advisor’s fraudulent investment practices.

Securities Fraud News Updates

The Supreme Court recently ruled in a 6-3 decision that the Securities Exchange Commission’s (SEC) use of in-house proceedings in fraud cases violates the constitutional right to a jury trial.

Chief Justice John Roberts authored the majority opinion, which significantly impacts SEC enforcement practices and may have broader implications for other regulatory agencies. 

In her dissent, Justice Sonia Sotomayor argued that the ruling weakens federal oversight and forces agencies to depend on new legislation from Congress.

This decision originated from a case involving George Jarkesy, where the 5th U.S. Circuit Court found the SEC’s administrative penalties unconstitutional. 

Why is this Ruling Important?

The ruling restricts the SEC’s ability to opt for administrative proceedings over federal court trials. Critics of federal regulatory bodies see this as part of a larger trend aimed at curbing agency authority, following similar decisions on environmental and workplace safety regulations.

In response to this anticipated outcome, the SEC had already scaled back its use of administrative cases, marking a significant shift in enforcement strategies.

Reach out to our securities & investment fraud lawyers serving Detroit to learn more about securities fraud and get the help you need to pursue fair compensation for your investment losses. 

Schedule a Free Consultation with a Committed Securities Fraud Lawyer

Losing money because of a trusted financial advisor or brokerage firm’s fraudulent actions can turn your life upside down and make it difficult for you to support yourself, let alone participate in future investment opportunities.

Fortunately, the investor claims legal team at Meyer Wilson can pursue the compensation you need to replace your losses and move forward with your life.

Contact us today to schedule a free consultation with a dedicated securities & investment fraud lawyer serving Detroit from our team. We’ll meet with you to discuss your case and your best course of action moving forward.

If you decide to hire us, you’ll benefit from our 75+ years of combined legal experience.