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  • "I was very pleased with Mr. Meyer’s handing of my arbitration claim. Throughout the process, I felt that I was treated with respect and I always appreciated the extra effort David Meyer and his staff put forth to recover the money my stockbroker had lost. They did a tremendous job and when it was over, David was able to get back a lot more money for me than I ever expected. I have kept the firm’s number handy and would tell anyone that has been a victim of stockbroker misconduct to contact Meyer Wilson." C.F., Ohio
  • "Thankfully, we hired the law firm of Meyer Wilson - they skillfully guided us through the NASD (now FINRA) arbitration process and achieved an outstanding recovery for us. We do not know what we would have done without their help..."Mr. and Mrs. R.Springfield, Ohio
  • "Mr. Meyer and his staff was always professional and responsive to my calls and they really took their time with me to review paperwork and make sure that I remained well informed throughout the process. I feel like Mr. Meyer not only helped me to recover my investment losses, but he also helped me to get justice for my late husband..."  J.S., Ohio

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Did Your Ohio Stockbroker Breach his Fiduciary Duty and Cause You Financial Harm?

You rely on the expertise, advice, and recommendations of your stockbroker. You trust your money and your family's security to your stockbroker. In return, your broker owes you a fiduciary duty. The definition of that duty and the exact obligations of the stockbroker to you, the investor, are defined by the courts in previous cases where investors have been hurt. At a minimum, your broker has an obligation to act in good faith because of his expertise and his trusted position.

3 Signs Your Broker May Have Breached His or Her Fiduciary Duty

A breach of fiduciary duty claim is one of the most common claims against stockbrokers. Thus, it is important to understand the potential warning signs. Specifically, be aware that the following may indicate a breach of fiduciary duty:
  1. Your Broker Can't Answer Questions About How Investment Decisions Were Made. If your broker cannot identify how he or she acted in good faith and with a duty of care then it could be a sign that the broker did not act with the requisite fiduciary duty.
  2. There is a Change in Your Broker's Communication Habits. If your broker previously communicated with you and then consistently avoids communication with you after you suspect a breach of fiduciary duty, then you might want to investigate your broker's actions a little more closely.
  3. Your Broker Has Exceeded the Authority You Provided. For example, your broker may have made future unauthorized trades that were not based on your financial interest. Often, breach of fiduciary duty claims overlap with other types of investment fraud claims, such as negligence, unauthorized trading, or unsuitability.

Call a Columbus Investment Fraud Attorney for Help

While the harm caused by Ohio stockbroker breach of fiduciary duty cases is significant and real, not every lawyer can effectively represent you in this type of matter. Meyer Wilson is the only law firm in Ohio that is exclusively dedicated to individual investor claims and class actions. Our experienced Ohio investment fraud lawyers represent Ohio investors in stockbroker mediation, arbitration, and litigation claims.

If you think you may be the victim of a stockbroker's breach of fiduciary duty, then please contact a Columbus investment fraud lawyer today via our online contact form or call us at 1.866.827.6437 for more information. Please also download our free e-book: Five Signs of Investment Fraud and What to Do If It's Happened to You.

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Quick Facts

  • Our six lawyer firm is devoted solely to investor claims and class actions.
  • Every securities arbitration/litigation client that hires our firm is assigned two lawyers to their case.
  • Our lawyers have over 50 years of collective legal experience.
  • Mr. Meyer won the largest jury verdict ever in the state of Ohio - $260 million verdict against Prudential Securities.
  • The firm employs a full time investigator on staff.

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