Meyer Wilson Law Firm Contacted by Victims of Alleged Investment Scheme
Run by Former Missouri Stockbroker Joseph A. Likens
Investment fraud attorneys investigating case believe investors may be
able to recover losses.
The securities lawyers at Meyer Wilson have been contacted by victims of
an alleged investment scheme operated by former stockbroker Joseph A.
Likens of St. Louis, Missouri. Likens was a broker with LPL Financial
in 2015 and Merrill Lynch from 2009-2015. He has been permanently barred
from acting as a broker by the Financial Industry Regulatory Association
(FINRA) as of November 21, 2016.
Contact us today to discuss your potential claim.
Based on the information provided by the victims to Meyer Wilson, it appears
as though Likens convinced his elderly clients in or around 2012 to invest
in a Missouri company called Chapiter, LLC. Although a company with this
name does formally exist, it appears as though the investments sold by
Likens may have nothing more than a sham. It is likely that these investments
were not approved for sale by LPL or Merrill Lynch to elderly clients
who were on a fixed income.
When a broker sells an investment to his/her client that is not approved
by the brokerage firm it is referred to as “selling away.”
Watch Meyer Wilson’s informational video about recovering investment
losses in cases of selling away here:
The law firm has been told that several government agencies are conducting
investigations but the investors have been told that if they wish to pursue
a civil claim to recover their lost investments, they should hire a securities
attorney to pursue those claims. To learn more about the difference between
filing a complaint with regulatory agency versus pursuing a claim to recovery
investment losses, watch Meyer Wilson’s informational video here:
Please understand that Meyer Wilson's investigation is ongoing and
there remains a lot of information and details that require additional
review and analysis. It is important that victims speak to an experience
investment fraud attorney before the victims speak to the brokerage firm's
compliance or legal departments.
The team of investment fraud attorneys at Meyer Wilson has successfully
represented approximately 1,000 individual investors from across the country
who have suffered financial harm at the hands of stockbrokers and brokerage
firms. They have recovered more than $350,000,000 for their clients.
Learn more about Meyer Wilson here:
Investors who lost money as a result of alleged misconduct by former stockbroker
Joseph A. Likens are encouraged to contact attorney David Meyer toll free
at 888-390-6491 for no-cost evaluation of their situation. All of our
cases are handled on a contingence fee basis, meaning we only charge a
fee if we win your case.