Primevest Financial Services, Inc. Investor Claims Is What We Do - All Day, Every Day

PrimeVest Financial Services, Inc.

Our Investment Attorneys Recover Your Losses

Formerly known as Bankers Systems Brokerage Services, PrimeVest Financial Services, Inc. is a self-clearing broker-dealer company. As a subsidiary of ING Group, the company operates with its headquarters in St. Cloud, Minnesota. PrimeVest was founded in 1984 and provides banking, insurance, and asset management services to private, corporate, and institutional clients.

Like many large investment firms, PrimeVest Financial has far too many brokers to monitor at any given time, and thus has a disciplinary record with the Financial Industry Regulatory Authority (FINRA). In 2006, FINRA fined PrimeVest over $1 million for accepting commissions in return for illegal favoring of certain investment funds. PrimeVest was actually 1 of 4 companies who were fined for a total of $7 million. According to FINRA regulations, no investment firm can favor share distribution in return for commissions. This dishonest transactions rightly earned a large fine.

More recently, in 2011 PrimeVest Financial was fined $10,000 for failing to accurately report dozens of TRACE-eligible trades during the 3rd quarter of 2010. TRACE, or the Trade Reporting and Compliance Engine, ensures that there is total transparency between investment firms and their clients. TRACE is an important part of holding financial institutions accountable, so accurate reporting is part of what keeps the financial industry healthy and ethical. TRACE prevents fraud, so FINRA fines ensure that investment firms are creating accurate records of their activities.

Your Rights as an Investor

PrimeVest Financial Services, Inc. and all other FINRA-licensed investment firms are required by law to oversee their brokers to ensure ethical action on behalf of each investor. Monitoring the activity of each broker is designed to prevent fraud and negligence, but that level of oversight is not always maintained. If a PrimeVest broker acts in such a way that wrongfully deprives an investor of substantial financial assets, intentionally or unintentionally, FINRA regulations give investors the right to hold PrimeVest legally responsible to recover those losses.

Meyer Wilson Fights for Underdog Investors

While FINRA laws provide rights to investors in the event of negligence or fraud, they are essentially a police force for the financial industry and are not concerned with fighting on behalf of victims. That’s what Meyer Wilson does. We have the experience and resources to go toe-to-toe with the nation’s largest, oldest investment firms on your behalf. You may feel like you’re facing a Goliath, but Meyer Wilson can help you become a David, with the precision to defeat financial giants like PrimeVest. We conduct claims in federal and state court as well as in private arbitration through FINRA and the American Arbitration Association.

To find out if you have a case against PrimeVest Financial Services, Inc. for your losses, call us or submit an online contact form to request a free case evaluation.

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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