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 Financial Advisor Misconduct
It is a financial advisor’s job to look out for a client’s best interests. Doing otherwise is against federal law. Unfortunately, not every professional advisor upholds the level of care and integrity required of their legal duty. Financial advisors of all types may engage in fraud or misconduct that results in significant financial losses for investors.
At Meyer Wilson, our award-winning advisor misconduct lawyers represent clients across Los Angeles, the state of California, and the U.S. in their pursuit of investment losses caused by negligence and misconduct.
Backed by a deep bench of attorneys with over 120 years of collective experience, we know how to fight back against advisors and companies that fail to meet their legal duties, and help clients seek the justice and recompense they deserve. To speak with an attorney about your financial advisor misconduct claim in California, contact us for a FREE consultation.
Why Choose Meyer Wilson?
- We exclusively handle fraud claims and class / mass torts, giving us specific subject-matter knowledge and a unique ability to handle complex claims.
- We have a group of proven professionals and highly accomplished attorneys recognized among The Best Lawyers in America® 2021.
- We have spent more than 20 years successfully representing wronged investors, and have recovered over $350M on their behalves.
- We have a wealth of resources to help each client, including strong relationships with expert witnesses and securities regulators in California.
What is Advisor Misconduct?
Advisor misconduct can involve a range of fraudulent and negligent actions. Financial advisors, by law, are obligated to act in their clients’ best interests. A negligent or intentional failure to do so may constitute a breach of this obligation, and give rise to claims from wronged investors who suffered financial losses as a result.
At Meyer Wilson, our securities litigation and arbitration team fights for investors in a range of advisor misconduct claims, including those involving:
- Breach of fiduciary duty. Depending on the client-counselor relationship, the advisor will have varying degrees of fiduciary duties. Breaching these duties in any way is misconduct.
- Best execution abuse. If the advisor or broker fails to use reasonable care in executing a client’s order at the best possible price given market conditions, it may constitute misconduct.
- Churning. Churning refers to buying and selling securities at an excessive or unnecessary amount, typically in order to earn commissions.
- Fraud. Knowingly or intentionally deceiving or manipulating a client to induce the purchase or sale of any financial security for the advisor’s gain.
Other forms of advisor misconduct include:
- Unsuitable recommendations
- Undisclosed conflicts of interest
- Unauthorized trading
- Misrepresentation and false information
- Ponzi and pyramid schemes
- Real estate scams
- Failure to supervise
Do You Have a Case?
If a financial advisor engages in acts of misconduct, he or she could face civil penalties. Although some forms of misconduct may qualify as crimes, a civil case brought against the individual by the injured client could result in payment for the latter.
If you have grounds for a case, you could receive a recovery of investment losses and other damages. However, prevailing in a civil claim requires Plaintiffs to prove four main elements:
- First, your attorney from Meyer Wilson must prove that an advisor-client relationship existed at the time of the misconduct, giving the advisor certain duties of care to you.
- Second, your attorney must show the advisor breached this duty of care to you, either carelessly or intentionally.
- Third, your lawyer must establish that the breach of duty caused your damages.
- Fourth, you must have proof of the losses you suffered.
Contact a California Financial Advisor Misconduct Lawyer
Advisor misconduct is not something to take lightly. You may have lost thousands of dollars because of your financial counselor’s mistake or fraud scheme. If an advisor or stockbroker compromised your future financial stability, you have rights.
To discuss your potential claim and available options, contact Meyer Wilson. Our legal team has helped thousands of clients since 1999, and is prepared to help you. With an office in Los Angeles, our advisor misconduct attorneys serve clients across California and beyond. Contact us for a free consultation.
More than $350,000,000 Recovered
Voted Best Lawyers in America® for 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
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.