Misleading or Omitted Information

Investor Claims Is What We Do - All Day, Every Day

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

What Happens if a Broker Provides Misleading or Omitted Information?

When a financial advisor sits down with a client ready to make a recommendation, many times the advisor has sales or promotional literature to present to the client that includes performance reports of whatever they’re trying to sale. When discussing the recommendation, a broker will often use performance data and projections to give the client an understanding of how the product will perform in the future.

One of the main ways regulators try to protect investors is by prohibiting brokers from misleading clients with untrue or false statements, or leaving out material facts. There are specific things that brokers must disclose to their clients when using this past performance data.

For instance, the performance data often does not reflect transaction costs, fees, and the volatility of the investment, all things that are important considerations when making a purchase. When a fancy chart shows that a particular fund has made an average of 6% over the last 4 years, it may not be that simple. It could have actually lost 5% the first year, made 22% the second year, made 9% the third year, and then lost 2% the fourth year.

So the average performance of 6% sounds great, but it doesn’t account for the fund’s volatility. It also may not account for the 1% or more per year you would be paying in fees for an actively managed mutual fund. That 6% that you thought you would be getting is already inflated if it doesn’t account for expenses and fees.

If your broker has in the course of selling you a security, suggested to you to expect an investment to perform a certain way based on how it has performed in the past, he or she may have violated industry rules, especially if you were not given an understanding of how that performance data was calculated.

If you find yourself in that situation, give our firm a call to discuss your potential legal options. I hope this has been helpful.

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


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.

  • “I primarily worked with Courtney Werning throughout the process and she was informative and knowledgeable. I trusted and fully recommend Courtney and her team.”

    - S.R.
  • “The communication throughout the process was on par - and they took the time to indulge me with the various questions and opinions.”

    - R.G.
  • “What I truly appreciated was getting a great result for my Mom with limited involvement/stress on her.”

    - S.W.
  • “We went to arbitration with the other respondent and I got to see firsthand the level of professionalism and expertise the Meyer Wilson firm can deliver.”

    - D.V.
  • “Chad would take the time to call and talk with me. His explanations were always clear and concise. I also appreciate all the effort put into the details and statistics required to argue this case.”

    - P.N.
  • “Meyer Wilson was able to produce the results that we felt were obvious and warranted while several other firms and even state offices simply had trouble understanding let alone moving the case forward.”

    - B.K.
  • “My overall experience was positive and I would encourage anyone who even thinks they have been a victim of stockbroker misconduct to call David.”

    - S.T.
  • “Meyer Wilson represented me in a suit brought last year against my brokerage firm, securing a very fair and equitable settlement for me.”

    - R.G., M.D.
  • “Right from the start, you had the passion and desire to win this case for us. I have never worked with an attorney or firm as compassionate as yours. I would highly recommend your firm to anyone.”

    - G.A.

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