Eureka, California, stockbroker Timothy D. Cochrane was terminated by his
employer, Summit Brokerage Services, Inc. on March 10, 2011. According
to documents filed with the securities regulators, the firm is investigating
allegations that Mr. Cochrane misappropriated funds from clients and deposited
the money into a bank account which he controlled.
The six attorney law firm of Meyer & Associates LPA has a long track
record of successfully representing individual investors who are the victims
of stockbroker fraud. Pursuing individual investor claims and class actions
is all we do every day. We are actively investigating both Timothy D.
Cochrane and Summit Brokerage Services, Inc. in order to recover losses
on behalf of investors. As his employer, Summit Brokerage Services, Inc.
may be liable for losses suffered by clients of Mr. Cochrane conduct.
The brokerage firm that employs stockbrokers can be held liable for the
losses suffered by clients if the firm failed to adequately supervise
the brokers' activities. Most of these claims are required to be pursued
through mandatory FINRA arbitration. Our law firm has certainly experienced
a dramatic increase is these types of cases over the past couple of years.
Within the just the last few months, we successfully settled the claims
of over 50 clients in disputes against the brokerage firm that employed
the broker who stole our clients' money. While every case is different,
it is important that victims of this type of investment fraud speak to
attorneys who are experienced in this specialized area of the law
All of our firm's cases are handled on a contingency fee and we never
request a retainer of any kind for these cases.
If you would like to learn more about how we may be able to help you recover
losses, please call and ask to speak directly to the firm's Managing
Partner, David P. Meyer, or complete the form on the website.