Northwestern Mutual Investment Services, LLC
Founded in 1857, Northwestern Mutual is the nation's largest direct
provider of individual life insurance in the United States. Securities
and investment advisory programs are offered through Northwestern Mutual
Investment Services, LLC, a wholly-owned company of The Northwestern Mutual
Life Insurance Company and a dually registered broker-dealer and investment
adviser. Based in Milwaukee, Wisconsin, Northwestern Mutual Investment
Services has been providing brokerage and advisory services, including
financial planning, for individuals and businesses since 1968.
A securities brokerage firm licensed by FINRA, Northwestern Mutual Investment
Services, LLC has a legal duty to supervise its brokers and its brokers'
recommendations to clients to ensure compliance with and prevent violations
of the rules of the security industry. When an individual broker is negligent
or acts in an unlawful manner against the interests of the client and
that client suffers damages as a result of such wrongdoing, the firm may
be held liable for the investor's losses.
Northwestern Mutual Investment Misconduct
Northwestern Mutual Investment Services and its registered brokers have
been fined and cited in the past for various misconduct which harmed or
could potentially have harmed its investors. For example,
in 2007 FINRA fined Northwestern along with three other investment firms over $1.2 million for misconduct
and failure revolving around the sale of certain
mutual funds. Specifically, FINRA stated that Northwestern did not "have adequate
supervisory systems and procedures" which would have protected clients
by providing appropriate NAV pricing updates.
FINRA reached a settlement with Northwestern and two other broker firms over the sale of auction rate securities (ARS).
The securities in question became illiquid in February 2008, and 12 total
firms were fined and cited by FINRA for sale violations. Northwestern
also agreed to a repurchase of these ARS that had become illiquid, amounting
to $103 million. In this case and many other cases like it, investors
lost money because they were not appropriately warned by their brokers
of the risks of ARS.
When investors suffer significant financial losses because of investment
firm and broker misconduct such as
failure to supervise,
providing false or misleading information, outright
fraud, they deserve a legal advocate who will stand up on their behalf and fight
to recover their losses. Meyer Wilson's job day in and day out is
to deal with investment fraud and class actions. We are passionate about
what we do and want to help you recover your losses against Northwestern
Mutual Investment Services, LLC.
Investment Fraud Attorney: Fighting to Recover Your Losses
Securities litigation attorneys with Meyer Wilson have the considerable
insight and resources required for recovering large settlements from Northwestern
Mutual Investment Services. Our work on behalf of victims of investment
fraud have allowed our firm to reclaim hundreds of millions of dollars
for nearly a thousand clients in our firm’s recent history. Our
investment loss attorneys achieved
$350 million in recovered losses. Our experienced attorneys can aggressively pursue
successfully claims in courts about state and federal levels nationwide,
but can also conduct claims in arbitration with FINRA, AAA, and privately.
Our firm even represents international clients with claims against U.S.-based
If Northwestern Mutual has negligently handled your assets, you deserve
reparations. Contact Meyer Wilson today for a
free case evaluation to discuss your options.