Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Criminal Investment Schemes Aren’t the Only Risk Senior Investors Face

In this slow moving economy, countless retirees have watched their nest eggs shrink. Many have become fearful that they won’t have enough money to live out their retirement years. Some are worried that they won’t have anything to pass on to their heirs. It is these very concerns that put older investors at risk of investment fraud. Yet, criminal scams aren’t the only threat to investors.

There are several other issues that retirees face. According to an article by The Associated Press, “Protecting Elderly Parents From Financial Catastrophe,” in addition to Ponzi schemes and other types of investment fraud, inappropriate investments are also a problem for senior investors.

These inappropriate investments can create many complications for investors:

  • Money may be tied up for prolonged periods of time
  • Investments may be high risk
  • Investments might not match the investors’ financial goals

As an investor, there are some tactics you can take to reduce your risk of financial loss:

  • Know the types of investments you currently have
  • Organize your paperwork
  • Ensure you are receiving regular account statements
  • Use FINRA’s BrokerCheck to research your broker

With all that being said, it is important not to minimize the serious risk of investment fraud. According to The Associated Press, there have been at least a dozen cases in recent weeks in which advisors supposedly stole money from investors. These alleged cases of fraud involved $416 million and occurred in as many as 22 states.

When Choosing an Attorney, Results Matter

  • $30M
    $30,000,000 Recovered in Confidential Settlement for 100-Year-Old-Widow
  • $10M
    Retirees Recover in Excess of $10,000,000 of Retirement Losses
  • $6.5M
    $6,500,000 Recovered for a Large Group of Individual Investors
  • $5M
    $5,000,000 Recovered for Group of Midwest Clients
  • $3.8M
    Meyer Wilson Recovers More than $3,800,000 for Elderly Victim in Ponzi Scheme Case
  • $3.2M
    $3,200,000 of Losses Recovered by Meyer Wilson for More Than 50 Families of Ponzi Scheme in California

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