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Client Reviews
- "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
Unsuitability
Under New York Stock Exchange Rule 405 (the "Know Your Customer" rule), a broker's first duty to an investor is to gather all of the information necessary to ensure the recommendations made to the investor by the broker are suitable for the investor's goals and circumstances.This includes information about the investor's: financial situation, investment goals and objectives, future needs and risk tolerance. The broker must also know the history and facts of the recommended investment to ensure a suitable match. In certain circumstances, if a broker deems an order to be unsuitable for the investor, the broker may have a duty to refrain from taking that order.
To maintain the duty of suitability, brokers must continuously reevaluate the needs of their investor clients. Using outdated information as a basis for current recommendations may render the broker liable for losses that occur as a result of unsuitable recommendations.
With over fifty years of combined legal experience, and having successfully represented over 800 investors, the securities arbitration lawyers at Meyer Wilson have the expertise, experience and resources necessary to review, investigate and aggressively pursue investor claims of unsuitability.
We have won hundreds of millions of dollars in losses for clients nationwide, including in cities such as Los Angeles, San Francisco, Columbus, Cincinnati, New York, Detroit and Tampa. For assistance with your unsuitability claim, call us toll-free at 1.866.827.6537 or complete our online form for a free case evaluation.
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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.