Investment Loss Claims Against Royal Alliance Associates, Inc.
Did you lose money investing with Royal Alliance Associates?
Royal Alliance Associates, Inc. is a securities firm that operates out
of New York but has offices throughout the United States. There are four
office locations in Ohio alone, including two Columbus locations, one
Mayfield Heights location and another in Cincinnati. Royal Alliance is
a subsidiary of AIG Advisor Group, Inc.
Royal Alliance is a relatively new investment firm, founded in 1989. This
securities firm offers a variety of different products, such as
mutual funds, variable annuities, insurance and some alternative investments such as
KBS Realty and American Realty Capital.
If you invested your hard-earned money with Royal Alliance Associates,
Inc. and lost a substantial amount of money, an investment fraud lawyer
at Meyer Wilson may be able to help you. Our firm exclusively pursues
investor claims and class actions on behalf of investors who suffered
financial losses through investment misconduct.
Royal Alliance Associates Investment Misconduct
NASD fined Royal Alliance Associates, Inc. for $250,000 for industry violations and ordered the investment firm to pay approximately
$1.6 million in restitution to its clients (plus interest). The violations
concerned clients of Royal Alliance Associates who had "purchased
shares of mutual funds during the period of January 1, 2002 through December
According to FINRA,
Enforcement actions were brought against these securities firms because
they failed to have adequate supervisory systems and procedures to identify
opportunities for investors to purchase Class A mutual fund shares at
net asset value (NAV), or without a front-end sales charge. Each firm
was ordered to provide remediation to certain eligible clients who qualified
for, but did not receive the benefit of available NAV Transfer Programs.
Investors who suffered losses because of Royal Alliance's
failure to supervise and other investment misconduct could qualify for the remediation plan
– money paid out of the $1.6 million settlement. However, individual
investors who qualified and received a settlement could still pursue arbitration
or mediation for additional damages against Royal Alliance Associates.
Securities Fraud Lawyers Help You Recover Your Losses
If you lost a substantial amount of money, $75,000-$100,000 or more, by
investing with Royal Alliance Associates, then an investment fraud attorney
at Meyer Wilson may be able to help you. Our law firm pursues investor
claims and class actions –
it's all we do. We have been included in the list of
Best Lawyers® and have won
millions of dollars in verdicts and settlements on behalf of investors.
Meyer Wilson has the experience you need to help you with an investor claim
in state or federal court, in arbitration through FINRA, arbitration through
the American Arbitration Association (AAA) and private arbitration. We
will even represent international clients who have claims against U.S.
brokerage firms through FINRA. Again, if you suffered significant financial
losses after investing with Royal Alliance Associates, Inc. contact a
securities fraud lawyer at Meyer Wilson today for a