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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
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Current Investigations
- Meyer Wilson Files Second FINRA Arbitration Against World Group Securities on Behalf of Large Group of Ponzi Scheme Victims
- Law Firm of Meyer Wilson Investigating Apple REIT Investments
- UPDATE - Investigation Against St. Louis Stockbroker Joshua Gould and Woodbury Financial Services
- Potential Investor Claims Against Summit Brokerage Services Relating to its Former Stockbroker Timothy Cochrane from Eureka, California
- Claims Against St. Louis Stockbroker Joshua Gould and Woodbury Financial Services
- Claims against Pacific West Securities, Inc. Relating to Several Alternative Investments, including DPPs, Equipment Leasing and Oil and Gas Investments.
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
Selling of private investments by brokers
The improper practice of an investment professional in selling securities to their clients that are not held at, or offered by, the brokerage firm with which they are associated and outside the client's account with the firm is often referred to as "selling away." These often involve investments in private limited partnerships, privately held companies, promissory notes, and real estate.Brokers marketing such securities are required to obtain prior approval from the broker-dealer with whom they are associated and the brokerage firm is required to adequately supervise its brokers to prevent the unauthorized selling of these investments.
Your broker may be engaging in "selling away" if they tell you of a "secret" investment opportunity, offer securities that may not be typically available through the brokerage firm, or ask for payment to be rendered to a third party (or themselves).
If a client is concerned that the practice of "selling away" is occurring, the customer should immediately contact their broker's supervisor. In many cases, the brokerage firm is liable for the activity and needs to take appropriate action. Any losses that may occur as a result of the failure of the brokerage firm to supervise its brokers may be recoverable from the brokerage firm through the pursuit of a securities arbitation claim.
The investment fraud law firm of Meyer Wilson represents clients nationwide with claims arising from the failure of brokerage firms to supervise its brokers and allow sales of inappropriate or unlicensed securities to investors. Contact the law firm of David Meyer & Associates toll-free at 1.866.827.6537.
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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.