Should I Call an Attorney?
| November 18, 2019
I’ve recently lost a substantial amount of money on my investments. Should I call an attorney?
The truth is that it can be challenging to recover damages after a Ponzi scheme or investment scam—especially if you try to do it yourself. However, an experienced investment fraud attorney may be able to help you fight for the money that is rightfully yours. An investment scam lawyer can investigate what happened to you. If the investigation reveals that you have been the victim of financial fraud, then we can fight for your recovery through a settlement or FINRA arbitration.
Investment fraud attorneys understand that you are unwilling to risk more money pursuing money that you have already lost. For that reason, Meyer Wilson does not request a retainer of any kind and is only paid if you recover damages. You have lost enough. You do not need to be further victimized by people who mean well but discourage you from pursuing justice. Instead, you can call an experienced and empathetic lawyer at Meyer Wilson for a free consultation.
Keep an Eye Open for Red Flags
Most investments carry a certain degree of risk, and losing money does not automatically mean that you have been taken in by investment fraud. On the other hand, you don’t always know you’re losing money in an investment scam until it’s too late.
Along with the research you do before investing in an opportunity, it’s important to continue to pay attention to your statements and keep your eyes open for “red flags,” such as:
- Returns that are consistently good. It sounds counterintuitive, but it’s when your investments are doing really well that you should pay the most attention. If you notice your returns constantly going up, or if you notice that the returns are exceptionally steady given the state of the economy, you could be involved in a scam.
- Missing documentation or information. You should always be able to obtain documentation for the securities you are purchasing. If you are having trouble getting it all in writing, you may be dealing with unregistered securities or something equally fishy.
- Account discrepancies, such as unauthorized trades, money that’s gone missing, or anything that is not in line with your instructions and wishes.
- Confusing strategies. Beware of the advisor who claims to use a special technique and can’t—or won’t—explain it to you. For any legitimate investment, you should understand how the investment works, who you are giving money to, and what the risks really are.
Ultimately, you should call an experienced investment fraud lawyer with Meyer Wilson as soon as you sustain losses or suspect fraud. We offer a completely free consultation, and we never request a retainer of any kind. Give us a call today and let us help you recover your losses.