Financial advising is not always about what the advisor says, but what he or she does not say. Omitting certain facts or information about an investment could be a ruse to make the advisor money at your expense. Misrepresentation is a common type of investment fraud scheme that puts you at the mercy of your advisor. If you lost money because you could not make an informed decision due to misrepresentation by a financial advisor in Pennsylvania, you may be eligible for compensation. Contact Meyer Wilson to explore your legal options for free with one of our attorneys.
Misrepresentation by a financial advisor is a serious act of fraud or misconduct that could lead to life-changing economic injuries for victims. If you or a loved one suffered significant financial losses due to misrepresentation, trust the future of your claim with an attorney from Meyer Wilson. Hiring a lawyer is the best way to protect your rights and optimize the odds of securing a financial award for an advisor’s wrongdoing. Our attorneys can take you through each step of the claims process, from identifying the defendant(s) to demanding fair compensation, while advocating for your best interests.
Misrepresentation is the omittance of important facts about an investment. Misrepresentation within a financial advisor-client relationship could be either negligence or investment fraud. An advisor could negligently commit misrepresentation by carelessly omitting facts about an investment or breaching another duty of care owed to the client. Misrepresentation could be fraud if the advisor intentionally omitted facts to turn a profit. Either way, the victim may have the right to bring a civil lawsuit against the advisor for misrepresentation of material facts in Pennsylvania.
Misrepresentation of material facts is one of the most common complaints against financial advisors and brokers in America, according to the Financial Industry Regulatory Authority (FINRA). FINRA has a special dispute resolution process for such cases, typically involving arbitration. You may have grounds to engage in the FINRA resolution process and/or file a civil claim against the at-fault party in Pennsylvania if your lawyer can prove certain elements.
These four elements make up the basis of most investment fraud claims. At Meyer Wilson, we have more than 20 years of experience bringing these types of cases and defending fraud victims throughout the country. We know precisely how to handle misrepresentation claims to each client’s greatest advantage. Our attorneys may be able to help you prove your case and resolve your claim.
Negligent or intentional misrepresentation by a financial advisor could derail your investment strategy and lead to significant (and preventable) financial losses. While no advisor can guarantee returns, he or she lawfully must recommend investments based on what will be in your best interests.
Misrepresentation is one of many potential types of misconduct an advisor could engage in that compromises your ability to make sound investments. If you suspect your advisor of misrepresentation or another form of investment fraud in Pennsylvania, contact Meyer Wilson for assistance.
