Meyer Wilson

Recovering Losses Caused By Investment Misconduct

Unsuitable Investments

My broker recommended an investment that didn't fit my financial situation and I lost money. Can I hold the brokerage firm responsible?

When a broker recommends investments that are inappropriate for your financial situation, you may be able to recover your losses by holding the brokerage firm responsible. This type of broker misconduct claim is known as “unsuitability.” Your broker has the legal duty to recommend and sell investments that are consistent with your investment objectives and goals, risk tolerance and financial situation.

In order to comply with their legal duty to recommend only suitable investments, brokers must continuously reevaluate the needs of their investor clients before making additional investment recommendations. Using outdated or incorrect information as a basis for current recommendations may render the broker liable for losses that occur as a result of unsuitable recommendations.

Unsuitability claims are almost always handled in mandatory securities arbitration before the Financial Industry Regulatory Authority (FINRA). If you choose to pursue a claim, it is crucial that a broker fraud attorney who is knowledgeable in this area of law represents you. Our broker fraud lawyers have experience in arbitration, litigation, mediation and class action lawsuits. For a free case evaluation, contact us by filling out our online form.

When Choosing an Attorney, Results Matter

  • $30M
    $30,000,000 Recovered in Confidential Settlement for 100-Year-Old-Widow
  • $10M
    Retirees Recover in Excess of $10,000,000 of Retirement Losses
  • $6.5M
    $6,500,000 Recovered for a Large Group of Individual Investors
  • $5M
    $5,000,000 Recovered for Group of Midwest Clients
  • $3.8M
    Meyer Wilson Recovers More than $3,800,000 for Elderly Victim in Ponzi Scheme Case
  • $3.2M
    $3,200,000 of Losses Recovered by Meyer Wilson for More Than 50 Families of Ponzi Scheme in California

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