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- "The law firm of Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me. I was impressed with the professional manner in which they handled our relationship and kept me aware of developments in the case. I highly recommend them." R.G., M.D., Cincinnati, Ohio.
- "I had spoken to a local attorney about my investment losses and he didn't know how to help me, so he referred me to David Meyer. David and his staff were not only professional, but they were also really congenial and pleasant to speak with. ..."S.T., Canton, Ohio
- "I was referred to Meyer Wilson to file an arbitration claim against my former brokerage firm. Mr. Meyer and his associates and staff were great to work with. They explained everything to me, walked me through each stage of the arbitration, worked hard to prepare my case, and I am very happy with the outcome." L.B., Tennessee
Library
Investor Articles
- Equity Index Annuities: Good for the Broker; Not so Good for the Client
- The Truth About Financial Designations Revealed
- Understand the Type of Annuity You Are Purchasing
- Smart Tips for Hiring a Financial Advisor
- Investments in Limited Partnerships Can Be Complex & Risky
- Options for Investors Stuck in the Still-Frozen Auction Rate Securities Market
Recent Blog Posts 
- Elderly Victim Speaks Out after Alleged Ponzi Scheme2/2/2012
- Bank Owes Financial Fraud Victims after Rothstein Ponzi Scheme1/28/2012
- Connecticut Man Pleads Guilty to 1 point 9 Million Dollar Investment Fraud Scheme1/30/2012
- Operation Broken Trust Leads to 52-Month Sentence for Michigan Woman in One Million dollar Ponzi Scheme Case1/30/2012
- Retired NBA All-Star Loses Nearly $86M in Alleged Investment Fraud1/27/2012
- Illinois Man Sentenced to More Than 5 Years in Prison for $9 Million Dollar Ponzi Scheme1/25/2012
Retirees Often Suffer From The Misconduct Of Their Brokers
Losing money on investments is never a good thing – no matter your age. However, it is even more detrimental for the older population, as they depend on their retirement savings to cover their living expenses. Simply stating that brokers need to recommend the appropriate investments for this age group is an understatement. It is critical that the investments are appropriate and allocated properly to prevent financial loss. Unfortunately, the number of older investors who have been defrauded has gone up significantly in recent years.Older investors are ideal clients for brokers, as there is generally a large amount of money that is invested upon retirement. Financial professionals will frequently hold retirement seminars to attract investors, but a lot of their motivation is commission-driven. That means that some of the investment advice that is given might not be right for everyone.
Six Common Broker Fraud Claims
Some of the common broker fraud claims that arise among retirees include the following:
- Unsuitability
- Unauthorized trading
- Broker negligence
- Poor asset allocation
- Breach of fiduciary duty
- Failure to supervise
When a retiree loses money on an investment, it is more than disappointing. It frequently means a major change in lifestyle and the end of retirement. Many people are forced back into the workplace, simply to earn enough money to pay their household bills.
Read our other article, What Is Being Done To Protect Senior Investors, to find out what securities regulators are doing to prevent investment fraud among older investors.
Our Stockbroker Arbitration Attorneys May Be Able To Help You
If you have lost money due to your broker’s actions, you may be able to recover your losses. For a free case evaluation, contact our office by calling 866-827-6537 or filling out our online form. Our securities arbitration attorneys are licensed in Ohio and Californiaand represent investors nationwide in securities arbitration and litigation claims. We have successfully recovered millions of dollars for our clients.
Be sure to order a FREE copy of attorney David Meyer’s book, Five Signs of Investment Fraud…And What to Do if it's Happened to You.
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Quick Facts
- Our six lawyer firm is devoted solely to investor claims and class actions.
- Every securities arbitration/litigation client that hires our firm is assigned two lawyers to their case.
- Our lawyers have over 50 years of collective legal experience.
- Mr. Meyer won the largest jury verdict ever in the state of Ohio - $260 million verdict against Prudential Securities.
- The firm employs a full time investigator on staff.