Voted "Best Lawyers" and "Best Law Firms" in America
Information for Attorneys and Financial Professionals
As trusted advisors, attorneys are often in the best good position to
help their clients, friends and colleagues protect against mismanagement
of their investment accounts and to recognize potential securities fraud
claims. The securities industry is extremely complex, and individual investors
are typically unfamiliar with what types of broker conduct are proper.
Investors are often quick to blame themselves or "the market"
for the losses in their account that may be caused by their broker's
misconduct and they are often embarrassed to admit that they did not understand
what the broker was doing with their money. Your clients may unknowingly
have legitimate claims and you are in a position to point them in the
General practitioners and attorneys who focus their practice in areas of
the law other than securities arbitration and litigation are encouraged
to review the information on this web site and share it with clients,
friends and colleagues. Mr. Meyer, Mr. Wilson, and the other lawyers at
our firm value their strong relationships with referring lawyers and are
available to consult (at no charge) with lawyers who believe they have
a client or colleague who may have suffered losses as the result of securities
fraud or other stockbroker misconduct. Many of our clients are referred
by lawyers we often enter into co-counsel arrangements. Please call Mr.
Meyer or Mr. Wilson directly to discuss any potential claims.
Accountants and financial advisors can play a vital role in assisting
their clients in recognizing the possibility that they may have been exposed
to investment fraud or broker misconduct.
Some clients do not analyze statements generated from their investment
accounts until it is time to present the information to their accountant
for tax preparation purposes. In other instances, a client simply does
not understand these statements and brings them to trusted accountants
and financial advisors for help. In many cases, individuals are alerted
to investment misconduct claims when they seek the advice of new financial
advisor who reviews the trading activities of the prior broker. Many financial
advisors refer their new clients to our firm to determine if there may
be suspicious or fraudulent activities by the prior broker or brokerage firm.
Whether preparing tax documents, performing an audit, or reviewing financial
papers for a client, , accountants and other financial professionals have
access to clients' personal financial information. This puts financial
professionals in a good position to make an initial evaluation as to whether
certain investment transactions are consistent with what they know about
their clients. If the possibility of improper conduct on behalf of the
stockbroker is discovered through such an analysis, the investor can then
be advised to seek legal counsel regarding options available to recover
some or all of the losses.
The most common investment fraud tactics of which a financial advisor should
be aware are:
- Breach of Fiduciary Duty
- Churning Unauthorized Trading Unsuitability
Our attorneys are available to discuss these and other potential securities
fraud claims or other related issues with accountants and financial advisors
who think their clients may have suffered losses as a result of stockbroker
misconduct. We are available to meet with the investor to determine if
he or she may be able to recover some or all of the losses. All of our
cases are handles on a contingency fee and all of our consultations are
without charge or obligation.