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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.

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  • 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.

Fact vs. Fiction: Who's Really at Risk of Becoming a Victim of Investment Fraud?

Fiction:

Well-educated professionals with financial experience don't get scammed.

Fact:

Nearly 2/3 of investment fraud victims are college-educated, self-reliant individuals with higher-than-average incomes and levels of financial literacy.*

Research conducted by FINRA, AARP, and others has illuminated several key differences between investors who become victims of fraud and those who don't. Importantly, victims of financial fraud have more self-confidence in their financial knowledge than non-victims and are more likely to invest in new ideas and own high-risk investments.

Additionally, according to SaveandInvest.org, approximately 70% of known investment fraud victims have purchased investments based on a friend, family member, or colleague's recommendation. That's about twice the percentage of non-victims.

FINRA Foundation president John Gannon is quotes as saying: "Many investment fraud victims are professionals. They're doctors, lawyers, stockbrokers, businessmen. In fact, the typical investment fraud victim is a well-educated male between the ages of 55 and 65."

Robert Cialdini, a psychologist at Arizona State University and an expert on the psychology of persuasion and influence, may be able to shed some light on why well-educated professionals are at higher risk for investment fraud. In the article, he says: "If you think you're invulnerable..., your defenses come down.... So those individuals who have the background and experience, who think they know what constitutes a trick and what doesn't, then open themselves up to the possibility of being tricked because they're sure that they can spot it and resist it. Oftentimes they are wrong."

Research shows that conducting thorough research, staying on guard, and carefully monitoring your investments can help protect you from investment fraud.

To find out your level of risk, go to http://apps.finra.org/meters/2/riskmeter.aspx

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.

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