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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.

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  • 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.

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

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The Signs of an Energy Stock Scam

The current state of the environment and economy, ranging from rising gas prices to an outcry for reduced pollution, has surged the interest in energy and alternative energy stocks. Per FINRA, this interest appears to have sparked an increase in energy-related stock scams.

FINRA issued a warning to investors regarding this type of investment fraud. Energy stock scams tend to involve a company that is not known and is typically small. There are often a lot of misrepresentations and predictions made in an attempt to attract investors. Scam artists use these schemes to get people to invest, which bump up the price of the stock. They then sell their shares, leaving investors with stock that is basically of no value.

There are legitimate energy investments out there, but it can be difficult trying to separate the good from the bad. Here are a few of the warning signs of an energy stock scam:

  • Promises of immediate payoffs
  • Unsubstantiated claims regarding new products, contracts or future stock price
  • Stock doesn’t meet the requirements of one of the major national exchanges, such as the NASDAQ Stock Market or the New York Stock Exchange (NYSE)
  • Predictions of huge returns

It is important to mention that there are some schemes out there that promote interests in fraudulent oil and gas limited partnerships. You need to be cautious when considering investing in such a limited partnership. If you think that you may have a claim, do not hesitate to contact us.

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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