Unsuitability Claims

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
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  • Million Dollar Advocates Forum
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  • AVVO 10.0
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Ohio Unsuitability Claims Against Financial Advisors

It is unethical and against the law for a financial advisor in Ohio to recommend an investment to a client that is not in the investor’s best interests to pursue. While even a prudent advisor may recommend a bad investment, if the financial advisor negligently or intentionally made an unsuitable recommendation, he or she could be financially responsible for the client’s subsequent losses.

At Meyer Wilson, our investment fraud attorneys have years of experience representing clients in civil investor claims. Please contact us right away if you believe unsuitability caused your recent economic injury in Ohio.

Why You Should Choose Us

  • We have an exceptional track record of success in investment fraud cases. We have secured more than $350 million in compensatory awards for our nationwide clients.
  • We have a founding partner, David P. Meyer, who was named Lawyer of the Year by Best Lawyers. He has also earned the highest legal rating (AV Preeminent) by Martindale-Hubbell 12 years in a row.
  • We are happy to offer our legal services for unsuitability claims against financial advisors on a contingency fee basis in Ohio. You will only have to pay for us to represent you after we win your case.

Why Clients Turn to Lawyers for Assistance With Unsuitability Claims in Ohio

Unsuitability claims against financial advisors and other types of investment fraud lawsuits involve extremely complex laws. State and federal regulatory organizations have rules in place for how financial advisors and stockbrokers must treat their clients. Navigating the laws related to your case while also going up against a large or powerful brokerage firm could prove difficult without legal representation. Hiring a lawyer from Meyer Wilson, on the other hand, could give you peace of mind while a licensed professional handles your case.

What Is an Unsuitability Claim?

The basis of an unsuitability claim against a financial advisor is the breach of fiduciary duty. Fiduciary duty is an advisor’s obligation to act in the best interests of a client. As part of an advisor’s fiduciary duties, he or she must abide by the Know Your Customer Rule (New York Stock Exchange Rule 405). This rule requires financial advisors to use reasonable diligence in counseling clients and supervising accounts. Advisors must thoroughly review an account and the client’s needs before making investment recommendations.

When an advisor does recommend an investment, he or she must have a good faith belief that it will earn the client money. The investment opportunity should be suitable for the client based on his or her financial status, portfolio, investing strategy and goals. Making an unsuitable investment recommendation could be an act of negligence on the part of a financial advisor if he or she failed to exercise reasonable care in maintaining the account. It could also be intentional if the financial advisor planned to defraud the client.

Your attorney could base an unsuitability claim against a financial advisor on either negligence or scienter (intent to harm). Either way, you could be eligible for financial compensation from the at-fault financial advisor in Ohio for unsuitability. A successful civil claim with help from the lawyers at Meyer Wilson could reimburse you for part or all of the money you lost in the bad investment. You could also be eligible for additional compensation, such as a punitive damage award.

Find Out What Your Unsuitability Case in Ohio Could Be Worth

Schedule a free consultation at Meyer Wilson to discover what your unsuitability claim could be worth in Ohio. We can evaluate your case and listen to the story of how you believe a financial advisor took advantage of you or negligently made an unsuitable investment recommendation. Then, we can calculate your damages and help you demand a fair amount from the defendant. Whether you have a case based on negligence or fraud, we can help. Contact us today at (800) 738-1960.

The Meyer Wilson Way

Results-Focused Representation
  • More than $350,000,000 Recovered
  • Voted Best Lawyers in America┬« for Ten Years Running
  • David Meyer is 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

TRUSTED BY OVER 1,000 INVESTORS

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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