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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

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  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

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  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

NEXT Financial Group

Our Investment Law Attorneys Uphold Your Rights

NEXT Financial Group is an independent broker-dealer providing investment services focused on retirees and baby boomers. NEXT Financial, operating as a subsidiary of NEXT Financial Holdings, Inc., is entirely owned and managed by its representatives and employees. Founded in 1998, NEXT Financial is headquartered in Houston, TX. In 2009, the company was fined $1 million by FINRA for its failure to properly supervise a number of client accounts and over 100 branch managers.

High Amount of Disciplinary Fines in Recent Years

In the last two years, NEXT Financial has been burdened with large fines by the Financial Regulatory Authority (FINRA) for various reasons, all of which should seem problematic to a potential or current investor. In 2013, for example, they were fined $250,000 for failing to retain/monitor correspondence between brokers and investors. Email retention is vital for accountability purposes; as most interaction between representatives and clients is electronic, emails are often the clearest and strongest way that firms and regulatory bodies can oversee and investigate fraudulent or negligent transactions and habits.

In 2014, two separate disciplinary fines were levied against NEXT Financial. One fine amounted to $88,000 for failing to supervise brokers effectively. The second fine, which amounted to $265,000, was for trading agency securities at “unfair or unreasonable” prices. At its heart, this was a fine for being dishonest. In addition to the punitive fine, FINRA required NEXT to pay $177,000 to the investor they had defrauded.

Helping Recover Losses Caused by Investment Misconduct

As a FINRA-licensed firm, NEXT Financial Group has a legal obligation to supervise their brokers and provide transparent, accurate records of their activities. Both of these measures are necessary for a healthy, equitable financial industry. If an unethical broker is unsupervised, they will eventually cause their clients significant losses. For this reason, FINRA has made NEXT Financial legally liable for any damages caused by their brokers. That means you have the right to file a claim against NEXT Financial for the negligence of their representatives, even if that representative no longer works for NEXT Financial Group.

Meyer Wilson investment fraud attorneys have the experience and skill to help you reclaim your financial assets. We recovered $350 million for our clients. No matter the size or history of the investment firm, we can make sure your voice is heard in court, arbitration, or negotiation of any kind. While FINRA allows you the right to file claims against negligent firms, it’s our role as investment fraud lawyers to help you bring those claims to bear, recovering what is rightfully yours and bringing justice to negligent behavior.

To determine if you have a case against NEXT Financial Group, contact us today for a free case evaluation. We will not let any financial institution get away with fraud or negligence.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

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