Investment Fraud Attorneys in Northern Michigan

For more than 30 years, Mika Meyers, PLC has been fighting for the rights of defrauded investors in Traverse City and other northern Michigan communities. Our team of experienced and skilled investor advocates represent investors in litigation and arbitration proceedings against investment advisors, stock brokers, and other securities industry professionals. We work tirelessly to ensure that our clients can recover their investment losses and peace of mind. If you have suffered damages due to investment fraud or negligence, contact us immediately for a free, no-obligation consultation with a top-rated Traverse City investor rights attorney.

Here Are Some Common Investment Loss Claims We Handle for Grand Rapids Investors

We regularly litigate investment disputes in state and federal courts in Michigan, including courts in northern Michigan, where we have two office locations (Manistee and Empire). We also represent investors in arbitration proceedings in forums such as FINRA Dispute Resolution and the American Arbitration Association. Some of the more common claims that we handle for investors include the following:

• Securities Fraud: A person who intentionally induces another to purchase or sell a security through misrepresentations or omissions of material fact may be liable for damages in a securities fraud action. In most cases, the defendant is the issuer of the security, or a securities industry intermediary, such as an investment advisor or stockbroker. If you are a northern Michigan investor with questions about a possible securities fraud case, call Mika Meyers now to speak with a knowledgeable and experienced investment fraud attorney.
• Violations of the Michigan Uniform Securities Act (2002): Investors can bring claims under the Michigan Uniform Securities Act for various types of misconduct in connection with the sale of securities. The claims range from registration violations to deceptive acts and practices. They can be asserted against the primary violator and against anyone who materially aided the primary violator.
• Regulation Best Interest: Reg BI establishes the standard of care that brokers owe to their retail customers. As its name suggests, Reg BI requires brokers to make investment recommendations and decisions that are in their clients’ best interests. Prior to Reg BI, the standard of care for brokers was “suitability.” Under that standard, an investment could be suitable even if it was inferior to available alternatives. If your broker has failed to act in your best interests, call to speak with one of our investment loss attorneys now.
• Breach of Fiduciary Duty: Certain investment intermediaries, including Registered Investment Advisors, are held to a fiduciary standard. The fiduciary standard is the highest standard of honesty, loyalty, prudence and care known to the law. If you have suffered investment losses at the hands of a fiduciary financial advisor, call Mika Meyers to speak with a Traverse City investor rights lawyer about your recovery options.
• Ponzi Scheme Losses: A Ponzi scheme is a type of fraudulent investment scheme that relies on funds from new investors, rather than profits, to pay back earlier investors. The perpetrator of the scheme typically siphons off some of the funds for their own personal use. If you have questions about investment losses from a Ponzi scheme or other fraudulent investment scheme, call one of our northern Michigan investment fraud lawyers for a free, no-obligation consultation.
• Unauthorized Trading: Securities laws and regulations prohibit financial advisors from making discretionary trades in a client’s account unless the client has signed a discretionary trading authorization. If you have questions about losses from unauthorized trading in your account, call Mika Meyers to speak with a Traverse City investment fraud lawyer.
• Churning: Churning occurs when a stockbroker engages in excessive and unnecessary trading in a client’s account in order to generate commissions. It is an unlawful practice that disregards the client’s best interests in order transfer wealth from the client to the broker. Our Traverse City investment fraud attorneys are available to consult with investors who have suffered losses from churning.
• Selling Away: A broker engages in selling away when he sells a security that is not approved for sale by the firm that holds his registration.  Selling away violates FINRA rules, but it can also be a sign that the broker is engaged in the sale of fraudulent or unsuitable high-risk investments. If you have suffered losses from selling away, call Mika Meyers to speak with a Traverse City investor rights attorney.
• Excessive Concentration: Prudent investing requires diversification. When a portfolio manager fails to adequately diversify an investment portfolio, the portfolio is exposed to non-systemic risk. At a very basic level, this means that the broker has put all the client’s eggs in one basket, which can have disastrous consequences if the basket drops. If you have suffered investment losses due to a overconcentration of your investment portfolio in a small number of securities or market sectors, call our northern Michigan investor rights attorneys now.
• Dodd-Frank Whistleblower Retaliation Claims: The Dodd-Frank Act of 2010 makes it unlawful for employers to retaliate against employees who blow the whistle on securities fraud and other violations of securities laws and regulations. The employee can sue for damages caused by the retaliation, as well as non-monetary relief.
• Dodd-Frank Whistleblower Award Program: The Dodd-Frank Act established the SEC’s whistleblower award program. Under this program, the SEC has discretion to issue monetary awards to whistleblowers whose information has contributed to a successful SEC enforcement action. The award can range anywhere from 10 percent to 30 percent of the penalties imposed by the SEC.
• Class Action Securities Claim: A securities class action is a legal proceeding brought by a group of similarly situated investors who have been damaged by securities fraud. Class action lawsuits are a useful tool when individual investors have small claims that might not justify independent legal action.

Why Choose Our Traverse City Investment Fraud Attorneys

Our securities litigation and arbitration practice is recognized as a “Tier 1” practice by U.S. News, and our attorneys have been individually recognized as “Best Lawyers in America©” and “Super Lawyers©” by leading industry publications. Practice group chair, Daniel J. Broxup, is also a CFA charterholder. Review our impressive case results.

When you entrust your case to a Mika Meyers attorney, you will receive the highest level of client service. Our dedicated investor rights attorneys will represent you zealously in all phases of litigation or arbitration to ensure you get the compensation you deserve. Among other things, our attorneys will:

• Investigate your claims.
• Explain your dispute resolution options.
• Gather supporting evidence.
• Implement a strategy for success.
• Counsel you regarding settlement.
• Zealously advocate on your behalf.

Contact a Northern Michigan Investment Loss Attorney at Mika Meyers Now

Our northern Michigan investor rights attorneys are a phone call or email away. Call us at (616) 632-8000 or click to connect with us online. Our firm represents investors throughout northern Michigan and the Upper Peninsula, including Traverse City, Manistee, Cadillac, Alpena, Ludington, Arcadia, Bellaire, Boyne City, Cedar, Cross Village, Ellsworth, Frankfort, Good Hart, Harbor Springs, Interlochen, Northport, Pellston, St. Ignace, Elberta, Empire, Glen Arbor, and Williamsburg.