Excessive Activity

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

Excessive Activity Claims

Fighting Back Against Broker Misconduct

Brokers have a duty to place their clients' interests ahead of their own. When a broker engages in excessive activity, typically for the purpose of generating additional commissions, the broker violates that duty. This violation means that both the broker and the brokerage firm may be held liable for any losses that arise out of such excessiveness.

What is excessive?

Excessiveness is typically determined by evaluating your account's annual turnover rate and the "break even" or "cost-equity" ratio of the account. According to both the SEC and the courts, a turnover rate of over 6% is excessive per se. However, with a vast majority of standard turnover rates being below 1%, excessive activity may be proven at a significantly lower rate. Standards also exist that determine that most accounts requiring at least a 15% annual return to "break even" meet the definition of "excessively traded."

However, even if it can be established that your account has experienced excessive activity, for liability to exist, an investment fraud lawyer must prove that the broker had effective control of your account. Proof of control may be established through a written document granting the broker control of your account or by showing that you relied so completely on the advice and recommendations of your broker that the broker was effectively responsible for the number of transactions in your account and their frequency.

Meyer Wilson: Your Investment Fraud Attorneys

To ensure your excessive activity claim is handled effectively, you need investment fraud lawyers with a proven track record of excellence. Meyer Wilson has years of experience practicing solely in our field, assisting the victims of stockbroker fraud as the focus of our firm. As a result, we have honed the strategies and skills needed to aggressively pursue the largest investment firms in the nation. Despite the best efforts of brokerage firms to make themselves out-of-reach of litigation, Meyer Wilson has helped over 800 clients recover hundreds of millions of dollars from the firms that mishandled their investments and assets.

Smart trading is based largely on quantifiable data. Trading simply because you've been inactive lately or trading based primarily off of impulse or hunches more closely resembles gambling than wise investing. Your financial advisor should be able to explain to you the reasons for every move they make with your hard-earned money. If they are engaging in activity simply to increase their commissions, then a stockbroker fraud attorney can step in.

Meyer Wilson has successfully served the interests of clients nationwide, including major U.S. cities like Cleveland, Los Angeles, San Diego, Dallas and Tampa. We typically help investors who have suffered financial losses in excess of $100,000. For assistance with your excessive activity claim, call an investment fraud lawyer at our firm or complete our online contact form to request your free case evaluation.

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 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.

  • “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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