A Big Name Firm Doesn't Mean Little Risk Investor Claims Is What We Do - All Day, Every Day

A Big Name Firm Doesn’t Mean Little Risk

Trusting your investment portfolio with a big name firm may seem like a conservative decision. The common assumption is that the risk of investment fraud is lower with a big company versus a smaller brokerage. People frequently make the mistake of believing that investment fraud only results from the tactics of a scam artist, but it can happen even at the reputable firms.

According to a recent report, investing with a bigger firm could actually put you at a higher risk of fraud. The report, which was from the U.S. Securities and Exchange Commission (SEC), brings light to a problem facing investors. According to the report, which was covered by Investment News, 16 percent of fraud cases that were brought by the SEC involved broker-dealers. This number has gone up since 2008, as broker-dealers were tied to only 9 percent of fraud cases that year.

This report shows that scam artists aren’t the only culprits of fraud. Sometimes, the culprits are the large brokerage firms that many investors have come to trust. As an investor, it is imperative that you take the appropriate steps to protect yourself from fraud. For example:

  1. Closely monitor the activity of your account.
  2. Review monthly account statements.
  3. Don’t hesitate to ask your broker questions.
  4. Educate yourself on the signs of broker fraud.

Have more questions? Do not hesitate to contact our investment loss attorneys today!

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  • 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

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Helping You Take Back What Is Yours
  • 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

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