You’ve worked hard to build your savings and trusted a financial advisor to protect and grow your money. When that trust is broken through negligence or misconduct, the consequences can be devastating.
If you’ve lost $100,000 or more because an advisor mismanaged your securities portfolio, you could recover your losses. Our experienced securities lawyers help investors across Maine hold financial professionals accountable.
At Meyer Wilson, we’ve recovered more than $350 million for people who were harmed by dishonest or careless advisors. Our nationwide securities lawyers will protect your financial security. Call us today for a free consultation and let us hear your story.
Types of Securities Claims We Handle
Investing always comes with some level of risk, but being taken advantage of by a financial professional you trust shouldn’t be one of them. Unfortunately, some brokers and advisors act carelessly or dishonestly with their clients’ money.
Our securities lawyers serving Maine handle cases involving:
- Misrepresentation: Leaving out key details or failing to explain the risks involved.
- Unsuitable investments: Recommending investments that don’t match your financial goals or risk tolerance.
- Ponzi schemes: Using money from new investors to pay earlier ones, giving a false appearance of returns.
- Churning: Making unnecessary trades just to earn more commissions.
- Lack of supervision: Failing to monitor brokers who are making poor or unethical decisions with client accounts.
- Overconcentration: Putting too much of your money into one investment, increasing your risk.
- Margin abuse: Encouraging risky margin trading without fully explaining the potential losses.
- Unauthorized trading: Making trades without your permission or proper authority.
If you think your advisor or broker acted improperly in any of these ways, we’re here to help. Contact us today for a free consultation. Our securities attorneys will explain your rights and explore your options for recovery.
Our Maine Securities Attorneys Can Help
Losing your hard-earned savings because of a financial advisor’s bad decisions can leave you feeling powerless. Financial advisors are legally required to act in your best interest. When they break that trust and mishandle your money, you have the right to take action.
Our securities lawyers serving Maine can help you hold those responsible accountable and recover your losses. We will tell you everything you need to know to make informed decisions about your case.
Review Your Case
We’ll go over your financial records, your agreement with your advisor, and any other key documents to understand exactly what went wrong. We’ll look for any violations of securities rules or laws to build a strong case on your behalf.
Represent You in Arbitration
Most securities disputes are handled through arbitration, not in court. We’ll help you file your claim, usually with the Financial Industry Regulatory Authority (FINRA), and stand by you through every step of the process.
No Upfront Costs
At Meyer Wilson, we work on a contingency fee basis, so you don’t pay anything unless we recover money for you. Your first consultation is free, so there’s no risk in reaching out to learn about your options.
How to Recognize Securities Misconduct
It’s not always easy to spot when a financial advisor or broker is acting improperly. Many times, they seem professional, friendly, and trustworthy on the surface. However, things can go wrong behind the scenes without you even realizing it at first. Pay close attention to how your money is being managed.
Some common red flags that could point to securities misconduct:
- Unusual or unexplained losses: If your account is losing money and your advisor can’t give you a clear explanation, it may be a sign of mismanagement.
- High-pressure sales tactics: If you feel rushed or pushed into making decisions about your securities portfolio, your advisor may not be acting in your best interest.
- Frequent or excessive trading: Too many trades in your account could be a sign of “churning,” where an advisor makes unnecessary trades to earn more commissions.
- Investments that don’t match your goals: If you’re retired or close to retirement, your money should be in safer investments. Risky recommendations could be unsuitable.
- Missing or unclear account statements: If your advisor avoids showing you statements or they don’t make sense, it could be a way to hide losses or wrongdoing.
- Promises of guaranteed returns: All investments come with some risk. If an advisor promises high returns with no risk, it’s a major red flag.
If you notice any of these warning signs, don’t wait. The longer you wait, the harder it may be to recover your losses or gather the evidence needed for your case. Our Maine securities attorneys can review your account statements, investment history, and any communication you’ve had with your advisor.
Compassionate Securities Lawyers Serving Maine
You’ve worked hard to save for retirement and protect your future. It’s common to rely on financial advisors or stockbrokers for help managing your securities portfolio. These professionals are supposed to act in your best interest, but sometimes they don’t.
Whether through carelessness or dishonest behavior, a broker’s actions can cause serious financial harm. If you’ve suffered losses because of an advisor’s mistake or misconduct, our experienced securities lawyers serving Maine will help you take the next step.
At Meyer Wilson, we’ve spent more than 25 years helping older investors recover what they’ve lost. Contact us today for a free consultation to learn how we can help you move forward.