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

Pennsylvania Unsuitability Claims Against Financial Advisors

As an investor, you should be able to trust your financial advisor to give you sound counsel about your account and investments. Unfortunately, not all advisors are deserving of this trust. Financial advisors in Pennsylvania may be guilty of negligent or intentional misconduct, including unsuitable recommendations, that costs you money.

If you suffered an economic injury due to misconduct on a financial advisor’s part, contact Meyer Wilson for a consultation with a Pennsylvania investment fraud attorney.

Why Clients Choose Us

  • We have recovered more than $350 million in successful case results for past clients.
  • We strive to respond to all texts, calls, and emails within 12 hours of receipt.
  • We have represented over 800 investors across the country in the last 20 years.
  • We have strong connections to securities regulators and expert witnesses.
  • We represent unsuitability claims in Pennsylvania on a contingency fee basis.

Do You Need an Unsuitability Claims Lawyer in Pennsylvania?

An unsuitability claim falls under the umbrella of securities litigation. Securities and investment fraud are complex practice areas with many state and federal laws surrounding them. A lawyer from Meyer Wilson can help you navigate these laws and optimize your chances of securing a compensatory award from a financial advisor or brokerage firm. Your lawyer can handle complicated legal matters while you focus on moving forward.

What Does Unsuitability Mean?

One of the many important duties a financial advisor owes you as a client is to make suitable recommendations. A suitable recommendation is one that aligns with your unique needs and investment objectives. A financial advisor must take the time to get to know your portfolio and create a strategy based on how best to achieve your goals. Although advisors do not always have to suggest investments that make money, they must make recommendations with a good faith belief that the opportunity will be profitable for the client.

A financial advisor may intentionally make an unsuitable recommendation to defraud you. Investment fraud is a crime that has cost investors millions of dollars. Intentional misconduct could take the form of Ponzi schemes, pyramid schemes, oil and gas scams, real estate scams, churning, misrepresentation or insider trading. If an advisor has purposely committed fraud against you through an unsuitable recommendation, he or she could be civilly liable for damages. The advisor could also owe you money if he or she negligently suggested an unsuitable investment.

Duties of Care a Financial Advisor Owes

Negligence is breaching a duty owed to a client. Financial advisors must take proper care to uphold their duties when advising investors. State and federal securities laws control what an advisor may and may not do when working with clients. An advisor may not, for example, engage in unauthorized trading on a client’s account.

  1. Fiduciary duties. Not all advisors are fiduciaries, but those who are, have a legal obligation to act within the client’s best interests.
  2. Duty to make suitable recommendations. All financial advisors must make recommendations that are appropriate for the client’s needs and goals, according to New York Stock Exchange Rule 405.
  3. Duty of loyalty and care. An advisor must develop a reasonable understanding of a client’s goals, then make decisions according to what would meet these goals.

If you believe a financial advisor has breached a duty of care to you by making an unsuitable investment recommendation, contact a lawyer from Meyer Wilson immediately. The advisor could owe you financial compensation for negligently or knowingly omitting information, misrepresenting facts or otherwise engaging in misconduct that caused you financial harm.

Contact a Pennsylvania Unsuitability Claims Attorney

The investment fraud lawyers at Meyer Wilson have years of experience handling cases involving all types of financial advisor misconduct, including unsuitability. We have a 99% success rate. Learn how we might be able to help you during this difficult time. Request a free consultation using our online contact form or by calling (800) 738-1960 today.

The Meyer Wilson Way

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