Commonwealth Financial Network

Did You Suffer Losses Caused by Commonwealth or One of Its Registered Brokers?

Founded in 1979, Commonwealth Financial is now the second largest, privately held independent broker-dealer in the United States. Commonwealth Financial became a national broker-dealer with the 1992 acquisition of Kavanaugh Securities. Based in Waltham, MA and San Diego, CA, Commonwealth Fin has over 1,200 registered representatives operating throughout the United States.

Commonwealth Financial, as a securities firm licensed by FINRA, has a duty to care for its clients, to properly supervise and recommend suitable investments. If an individual broker registered with Commonwealth is negligent or acts in a way that is contrary to securities industry regulations, and his or her client suffers financial loss because of that misconduct, that client can take legal action to recover their losses.

Past Regulatory, Arbitration, and Bond Events

According to FINRA's BrokerCheck® report, Commonwealth Financial Network has a history of 20 regulatory events, 13 arbitration events, and 1 bond event.

Commonwealth's latest regulatory event was initiated in March of 2014. The allegations included findings that the firm failed to test its email supervisory system during a software update. The monetary fine ordered was $250,000. In May 2013, Commonwealth was accused, through its registered representatives, of selling non-traded REITs in excess of concentration limits. Monetary fine ordered was $300,000.

In October 2013, an arbitration involving Commonwealth sought $1 million in relief over allegations of breach of fiduciary duty, misrepresentation, omission of facts, and other alleged violations. Arbitration granted $580,375.01 in relief.

If you entrusted your money to Commonwealth Financial Network or one of its registered brokers and you lost a substantial amount of money, contact Meyer Wilson and speak with one of our investment loss attorneys.

Recover Your Losses with Meyer Wilson

As a firm, Meyer Wilson's goal is to help investors recover their losses caused by fraud and misconduct. As a registered brokerage and investment adviser firm, Commonwealth Financial Network has a duty to act in the best interests of its clients, rather than their own. Call us today or contact us online to learn how we can help you.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for over Ten Years Running
  • David Meyer is the Immediate Past-President of Public Investors Advocate Bar Association (PIABA)
  • Over a Thousand Investor Claim Cases Since 1999
  • Exclusive Focus on Investor Claims & Class/Mass Action Lawsuits
  • Deep Bench of Skilled Attorneys and Staff Members

We Recover Investment Losses

Helping You Take Back What Is Yours
  • Jury Verdict Won Against Prudential Securities $262 Million
  • Recovered for 100-Year Old Widow $30 Million
  • Recovered in Retirement Losses $10 Million
  • Recovered for a Large Group of Individual Investors $6.5 Million
  • Recovered for Elderly Victim in Ponzi Scheme Case $3.8 Million
  • Recovered for Elderly Ponzi Scheme Victim $3.2 Million
  • Recovered for More Than 50 Families of Ponzi Scheme in California $3.2 Million
  • Recovered for 35 Families in Northeast Ohio $3.1 Million
  • Losses Recovered for 20 Retirees $3 Million
  • Recovered for Retired Physician Against Major Wall Street Firm Prior to Filing FINRA Arbitration $2.5 Million

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