Investors Capital Corporation Investor Claims Is What We Do - All Day, Every Day

Investors Capital Corporation

Investment Fraud Lawyers Can Help Recover Your Losses

Investors Capital Corporation is a full-service, independent broker-dealer that was founded in 1992. This publicly traded firm provides trading, operations, legal, compliance, marketing, practice management, advisory, and technological capabilities and support to its almost 700 registered representatives nationwide. With its headquarters located in Lynnfield, MA, Investors Capital Corporation conducts business in over 400 branch offices in all 50 states.

Inadequate Supervisory Procedure

With 700 representatives, Investors Capital has a particularly crucial duty to supervise their brokers and hold them accountable when they behave unethically or out of compliance with the law. Unfortunately, disciplinary action for their lack of supervision and procedure indicates that this duty is sometimes overlooked by the firm. For example, in 2011, Investors Capital was fined $200,000 for failing to supervise a broker who traded securities that were unsuitable and inappropriate for the investor. In this particular case, the securities were Interest-Only CMOs, which are suitable only for “sophisticated investors with a high-risk profile,” according to the Financial Industry Regulatory Authority (FINRA).

The firm not only provided inadequate training and information regarding this particular type of security, but it failed to monitor the broker, allowing him to sell the securities without informing his investors appropriately, who were not informed of the trade’s high level of risk.

Investors Have Rights Granted to Them by FINRA

Because Investors Capital Corporation is licensed by FINRA, they are legally obligated to create and enforce measures of supervision over their brokers. Without supervision, brokers who act unethically or negligently can cause their investors large losses. When brokers cause losses, FINRA has granted investors the right to hold the firm directly responsible for repaying any lost assets due to the representative’s negligent actions.

Meyer Wilson’s Investment Fraud Attorneys Uphold Your Rights

If an Investors Capital Corp. representative caused you losses negligently or fraudulently, you have the right to hold Investors Capital accountable for their lack of supervision. Meyer Wilson has the financial resources to take on large investment firms, no matter how gigantic or well-equipped they are. Our sole aim in our practice is recovering our clients’ lost assets—we won back $350 million for our clients because we have the skill and determination to return what is rightfully yours. We represent clients nationwide in state and federal courts, as wells as in arbitration with FINRA and the American Arbitration Association.

You may have a claim against Investors Capital Corporation. Contact us for a free case evaluation so we can examine your options.

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 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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