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
Pennsylvania Broker Misconduct
Broker misconduct is a significant wrongdoing that has cost investors millions of dollars in damages. Failing to conduct oneself in a prudent and reasonable manner while maintaining and supervising an investor’s accounts could be disastrous. Some stockbrokers negligently commit misconduct while others intentionally break the law to defraud clients. Either way, wronged clients with economic losses may be able to bring civil lawsuits in Pennsylvania.
If you or someone in your family recently suffered an economic injury due to broker misconduct, consult with the lawyers from Meyer Wilson. We offer free consultations to prospective clients in Pennsylvania. You could be eligible for compensation.
Why Choose Meyer Wilson?
- We believe communication is key. Our goal is to return any correspondence from clients within 12 hours of receiving them.
- We have the experience you need. Our attorneys have represented over 800 investors and won more than $350 million in collective settlements and trial awards.
- We have five attorneys, a vast support team and ample resources to put toward building your claim.
- We accept Pennsylvania broker misconduct claims on a contingency fee basis. You do not have to pay attorney’s fees if we lose the case.
How Can a Broker Misconduct Lawyer Help?
If you are a victim of stockbroker misconduct or another form of investment fraud in Pennsylvania, an attorney from Meyer Wilson could be instrumental in winning your case. Securities litigation and investment fraud law are some of the most complex practice areas in the civil justice system. These cases often involve nuanced state and federal laws, as well as rules from organizations such as the U.S. Securities and Exchange Commission. Hiring an attorney can enable you to successfully navigate these laws and put your case in the strongest position possible to win.
What Is Broker Misconduct in Pennsylvania?
Broker misconduct can refer to either negligent or intentional acts by a stockbroker that cause the client economic harm. Broker misconduct often takes the form of unethical practices such as front running or churning an account for commissions. It could also involve illegal activities such as forging financial documents. If you suffered harm due to any type of broker misconduct in Pennsylvania, consult with an attorney right away.
- Unauthorized trading
- Unsuitable investments
- Excessive trading
- Excessive 401(k) fees
- Insider trading
- Real estate scams
- Oil and gas scams
- Ponzi schemes
- Breaches of fiduciary duty
Your attorney may be able to hold a stockbroker liable for negligent, careless, reckless or intentional misconduct. A negligence claim will come with the burden to prove that the broker failed to exercise reasonable care, while a fraud claim requires proof of scienter, or intentional wrongdoing. Either way, you could be eligible for compensation to pay for your losses if your attorney can prove your case.
Signs of Broker Misconduct
While losing money alone is not a reason to pursue a claim, any unusual activity on your account could point to broker misconduct. This could give you grounds for a damage claim. You might be the victim of stockbroker misconduct if you notice a dramatic change in the composition of your portfolio, you receive excessive trade confirmations, your portfolio concentrates on only one product, the broker is pressuring you into acting quickly, you struggle to obtain funds from your account or your returns do not match the market (consistent returns in a downward-turning market, for example).
The moment you notice anything suspicious on your account, contact an attorney. Pennsylvania law gives you two years maximum to initiate a fraud action. The clock starts ticking the day you discover the fraud. Prompt legal action could allow your attorney to name the defendant and file your claim before the deadline. It can also help your case to act while key evidence is still intact.
Start Your Broker Misconduct Case Today
Working with an attorney from Meyer Wilson can make the process of obtaining compensation for your losses much easier. Your lawyer will take over complicated legal processes while you look toward your future. Start a case today with a free consultation in Pennsylvania. Call us at (800) 738-1960 or contact us online.
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
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.