Attorneys As
trusted advisors for clients, business associates and friends,
attorneys are in a good position to help these groups of investors
protect against mismanagement of their investment accounts and to
recognize potential securities fraud claims. The securities business is
extremely complex, and individual investors are typically unfamiliar
with what types of broker conduct are proper. Investors are often quick
to blame themselves for the losses in their account and are embarrassed
to admit that they did not understand what the broker was doing with
their money. Your clients may unknowingly have claims and you are in a
position to point them in the right direction.
General
practitioners and attorneys who focus their practice in areas of the
law other than securities arbitration are encouraged to review the
information on this web site and share it with clients, friends and
colleagues. Mr. Meyer values his strong relationships with referring
lawyers and is available to consult (at no charge) with lawyers who
believe they have a client or colleague who may have suffered losses as
the result of securities fraud or other stockbroker misconduct.
Financial Professionals
Accountants - Schedule your firm's Continuing Education Seminar, approved by the Ohio Accountancy Board for 2 credit hours.
Download PDF Accountants
and financial advisors can play a vital role in assisting their clients
in recognizing the possibility that they may have been exposed to
investment fraud or broker misconduct.
Some clients do not
read, or infrequently read, regular statements generated from their
investment accounts until it is time to present the information to
their accountant for tax preparation purposes. In other instances, a
client simply does not understand these statements and brings them to
trusted accountants and financial advisors for help.
Whether
preparing tax documents, performing an audit, or giving general
financial advice to a client, accountants and other financial
professionals have access to clients' sensitive financial information.
This puts financial professionals in a good position to make an initial
evaluation as to whether certain investment transactions are consistent
with what they know about their clients. If the possibility of improper
conduct on behalf of the stockbroker is discovered through such an
analysis, the investor can then be advised to seek legal counsel
regarding options available to recover some or all of the losses.
The most common investment fraud tactics of which a financial advisor should be aware are:
- Breach of Fiduciary Duty
- Churning Unauthorized Trading Unsuitability
- Misrepresentations/Omissions
Our attorneys are available
to discuss these and other potential securities fraud claims or other
related issues with accountants and financial advisors who think their
clients may be unaware of potential stockbroker misconduct. We are
available to meet with the investor to determine if he or she may be
able to recover some or all of the losses.