Since 1999 our law firm has recovered more than $350,000,000 for victims of investment fraud and misconduct.
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
California Churning Fraud Lawyer
Churning is a dangerous type of stockbroker misconduct that could take a financial toll on the client for the broker’s personal gain. Churning is a fraudulent activity that may result in commissions for the broker. The client could lose money while the stockbroker profits. If you believe you have been the victim of churning in California, contact the attorneys at Meyer Wilson immediately. We may be able to help you get back on your feet with a financial award from the at-fault broker.
Why Choose Us?
- Our law firm has spent more than 20 years successfully helping clients recover financial losses they suffered due to stockbroker misconduct.
- Our lawyers are proud to have a 99% success rate with the cases they accept. We have earned more than $350 million in total for our past clients.
- Our law firm has ample resources to help you fight against stockbroker churning, including relationships with mediators, securities regulators and expert witnesses in California.
- Our investor claims fraud lawyers operate on a contingency fee basis. We only charge legal fees to represent churning cases if we secure the client an award.
Why You Need a California Churning Attorney
Discovering that your stockbroker has not had your best interests in mind when you put him or her in control of your finances can be frightening. When you are not sure whom to trust, contact a lawyer at Meyer Wilson for counsel. We will work for you, the client, and no one else.
Our main mission is to help you achieve justice and a compensatory award for your damages. We can take steps toward these goals for you while you focus on moving forward. Our lawyers can identify the defendant(s), bring your claim by California’s deadline and help prove your case. We will fight hard, including taking your case to trial, in pursuit of full compensation.
What Is Churning?
Churning is a type of stockbroker or financial advisor misconduct in which the professional unnecessarily or excessively buys and sells securities on behalf of a client to generate profit through commissions. Although a broker may trade securities if it is in the client’s best interests, it is misconduct for a broker to do so to generate commissions. Churning is an unethical stockbroker practice that could lead to civil penalties. It is also illegal according to the U.S. Securities and Exchange Commission (SEC) Rule 15c1-7.
SEC Rule 15c1-7 defines any securities purchase or sale by a stockbroker, dealer or municipal securities dealer that is excessive in size or frequency according to the circumstances of the account as fraud. Churning may only exist if the broker guilty of this misconduct had control over the investment decisions within the client’s account at the time of the trading. If you believe you have a case of churning, you may be eligible for financial compensation from the fraudulent stockbroker.
How to Pursue Compensation
The best way to pursue compensation after discovering churning is to hire an attorney from Meyer Wilson. Our lawyers have spent years speaking up for the best interests of victims of financial fraud and can help you work through your case. In California, you have three years from the date you discovered the fraud, or the date you reasonably should have discovered it, to bring your civil lawsuit against a stockbroker and/or investment firm. Contact a lawyer as soon as possible upon realizing that a broker may have taken advantage of you.
Contact a California Churning Attorney Today
Churning could cost a client thousands of dollars while the fraudulent stockbroker earns a profit in commissions. At Meyer Wilson, we are passionate about protecting vulnerable clients from fraud and deceit. We have committed our professional lives to preventing these crimes and assisting victims in bringing civil lawsuits. We may be able to help you bring a claim as well. Learn more about your right to bring a lawsuit today, during a free consultation at our California law office. Call (800) 738-1960 to speak to a lawyer now.
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
Meyer Wilson has represented over 1,000 individual investors in high-stakes claims across the country, and has recovered over $350 million on their behalves. See what former clients have to say about our team.