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  • Attorneys David Meyer and Matthew Wilson have been selected to the list of Super Lawyers since 2011 and 2015 respectively.

  • Attorney David Meyer is a member of the Million Dollar Advocates Forum, an organization recognizing attorneys who have secured million dollar cases.

  • Martindale-Hubbell® Peer Review Ratings™ has recognized attorney David Meyer as an AV Preeminent® attorney in High Ethical Standing.

  • Attorneys David Meyer and Matthew Wilson have received a 10 out of 10 “Superb” rating on Avvo, calculated based on stringent and exhaustive criteria.

  • Attorney David Meyer was selected as the 2015 Lawyer of the Year for Professional Malpractice Law – Plaintiffs for Columbus, OH by Best Lawyers®.

  • Meyer Wilson was ranked as a Tier 1 Best Law Firm for both Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs by U.S. News.

  • Attorney David Meyerhas been selected to the list of the Best Lawyers in America® for Mass Tort Litigation / Class Actions – Plaintiffs and Professional Malpractice Law – Plaintiffs every year since 2011.

Breach of Fiduciary Duty Attorney

Investment & Securities Fraud Claims

Breach of fiduciary duty is one of the most common investor claims against stockbrokers and brokerage firms. Regarding their brokers as experts in the area of investments and money management, many investors rely entirely on the advice and recommendations of their brokers. Recognizing the profound level of trust this places in the broker, the courts have determined that brokers hold particular legal duties toward their clients.

Brokers and brokerage firms always have a duty to deal in good faith with their investors as long as they remain clients. Many jurisdictions also hold that brokers owe their securities customers a heightened duty known as a "fiduciary duty."

A broker's fiduciary duty to an investor may include:
  • The duty to place the client's interests ahead of the broker's or the brokerage firm's interests
  • The duty to monitor the changing markets for impact on the client's interests
  • The duty to act responsibly and with due care in serving the client's interests
  • The duty to advise the client on the potential benefits and risks involved with broker recommendations/actions, and
  • The duty to keep the client abreast of all transactions that affect the client's interests.

According to 29 USC § 1109:

"Any person who is a fiduciary... shall be personally liable to make good to such plan any losses to the plan resulting from each such breach, and to restore to such plan any profits of such fiduciary which have been made through use of assets of the plan by the fiduciary, and shall be subject to such other equitable or remedial relief as the court may deem appropriate, including removal of such fiduciary."

A breach of fiduciary attorney from Meyer Wilson can step in and fight to recover your losses if you were harmed by a breach of fiduciary duty. When financial advisors are found guilty of a breach of fiduciary duty they typically have to restore investor losses, but they may also face imprisonment and become barred.

Do You Have a Breach of Fiduciary Duty Claim?

If these duties are not met, both brokers and their firms can be held responsible for abusing the investor's trust and confidence and breaching their fiduciary duties. To ensure your claim for breach of fiduciary duty is handled effectively, you need the assistance of a law firm nationally recognized for its professional excellence. No matter how large or well-established the firm, Meyer Wilson securities fraud attorneys are prepared with the skill and experience to represent our clients aggressively and effectively. Our record speaks for itself: we have recovered over $350 million for our clients.

We have won hundreds of millions of dollars in losses for clients nationwide, including in cities such as Los Angeles, San Francisco, Columbus, Cincinnati, New York, Seattle, Boston and Tampa.

For help with your stockbroker misconduct claim, complete our online form to request a free evaluation.

Need More Information?

Investment misconduct can be complex and confusing. That’s why we’re here to help you. Visit our Common Questions page to find in depth answers directly from our attorneys. Get More Answers
Have You Been a Victim of Investment Fraud?

You trusted your financial advisor with your money, but now you're left wondering what went wrong. If you or a loved one suffered losses because of investment misconduct, Meyer Wilson can step in and fight to recover your losses. The team of investment fraud lawyers at the firm has been helping people like you since 1999 by winning judgments, settlements and verdicts worth hundreds of millions of dollars against brokerage firms, financial advisors and banks.

Get Help With Your Case Now

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