You’ve spent years building your retirement savings and planning for the future. You count on financial advisors to manage your securities wisely. However, when those professionals make careless or dishonest decisions, it can lead to serious financial loss.
At Meyer Wilson, we have over 75 years of combined experience protecting the rights of our clients. Call us today for a free consultation and tell us what happened. An experienced Delaware securities lawyer will tell you everything you need to know about your claim.
If you’ve lost $100,000 or more because a financial advisor mishandled your securities portfolio, you may be able to get that money back. Our nationwide securities lawyers take action against brokers and advisors who act carelessly or dishonestly.
How Our Delaware Securities Lawyers Can Help
It’s frustrating and overwhelming to lose the money you’ve worked hard to save, especially because of a financial advisor’s poor choices. Advisors are legally required to put your interests first.
If they fail to do that and mismanage your portfolio, you have the right to hold them accountable. Our securities lawyers serving Delaware will build a strong, evidence–based claim to recover your losses.
No Upfront Fees
Our team understands that you are already in a difficult financial situation. This should not stop you from getting the help you need. You won’t pay us anything unless we recover money for you. No win, no fee. We also offer a free consultation, so there’s no cost or risk in finding out if you have a case.
We’ll Review Your Case
At Meyer Wilson, we’ll carefully examine your records, your agreement with your advisor, and any other important documents. Our team will identify where things went wrong and check for any legal and financial violations.
We’ll Handle Arbitration for You
Most securities disputes are settled through arbitration instead of going to court. We’ll help you file your claim, usually with the Financial Industry Regulatory Authority (FINRA), and guide you through every step of the process.
The Early Signs of Negligence or Misconduct in Your Securities Portfolio
It’s not always clear when a financial advisor or broker is doing something wrong. They often come across as polite and trustworthy, but problems can happen behind the scenes without your knowledge. Stay informed and keep a close eye on how your money is being handled.
Early red flags that can signal something wrong with how your securities portfolio is handled include:
- Unexplained losses: If your portfolio starts losing value and your advisor doesn’t give a clear or reasonable explanation, this could be a sign of mismanagement or risky investments that does not align with your goals.
- Frequent or excessive trading: A high volume of trades, especially when you didn’t request them, may indicate churning, where an advisor makes unnecessary trades just to earn more commissions at your expense.
- Lack of communication or avoiding questions: If your advisor stops returning calls, gives vague answers, or avoids explaining your account activity, it’s a red flag. Clear, open communication is a key part of a trustworthy relationship.
- Promises of high returns with little or no risk: No legitimate investment is guaranteed. If your advisor claims you’ll earn high returns without risk, it could be a sign of fraud or a scam.
- Pushy sales tactics: If you feel pressured to act quickly or invest in something you don’t understand, your advisor may be more focused on their commission than your financial well-being.
Our Delaware securities lawyers can look over your account statements, financial records, and any messages between you and your advisor. If you’ve seen any warning signs, act quickly. Waiting too long can make it more difficult to collect the proof needed to support your case.
We Handle Different Types of Securities Claims
As experienced securities attorneys serving Delaware, we have handled a wide range of cases. We can easily adapt our strategies around the details of your case and to meet your unique needs.
Types of securities cases we have handled include:
- Misrepresentation: This happens when a financial advisor or broker gives false information, leaves out important facts, or fails to fully explain the risks of an investment. You may be led to believe an option is safe or guaranteed when it’s actually high-risk or not right for your needs.
- Unsuitable investments: Advisors are required to recommend investments that align with your financial goals, age, income, and risk tolerance. If you’re close to retirement, you likely need safer, income-focused options. Pushing you into risky products that don’t fit your profile is considered unsuitable and can lead to serious losses.
- Ponzi schemes: In these fraudulent setups, money from new investors is used to pay returns to earlier investors. It creates the illusion of a profitable and stable investment. But eventually, the scheme collapses when there isn’t enough new money coming in, leaving later investors with major losses.
- Churning: This is when an advisor makes frequent or excessive trades in your account just to earn more commissions. These trades may not benefit you and can reduce the overall value of your portfolio through unnecessary fees and poor performance.
If you believe your advisor or broker did something wrong, we’re ready to help. Call us for a free consultation. Our Delaware securities attorneys will go over your situation, explain your rights, and discuss how you may be able to recover your losses.
Call a Securities Attorney Serving Delaware Today
You spent years building your savings and relied on a financial advisor to manage your money wisely. When that trust is broken by carelessness or wrongdoing, it can cause serious harm.
At Meyer Wilson, we have recovered more than $350 million for our clients, and we continue winning cases. Contact us today for a free consultation and find out how we can help you take the next step.