Michigan Investment Loss Attorneys

Michigan is home to a number of cities known for their wealth and vibrant communities, including Detroit, Ann Arbor, Bloomfield Hills, Traverse City, and Novi. Unfortunately, those same cities are often targets for financial fraud, particularly among retirees and elderly investors. Malecki Law is a nationally recognized firm that has represented investors across the country, including in Michigan, helping them recover millions of dollars lost to financial scams and advisor misconduct. For over 25 years, our Michigan investment loss attorneys have worked to uncover negligence, fraud, and abuse in the investment industry.

Older investors are often the victims of scams because they tend to rely more on financial professionals and may not have the same level of comfort with digital tools as younger generations. Loneliness, isolation, and cognitive decline can make the elderly even more vulnerable to unethical financial advisors who misrepresent products or place them into risky investments that are against their best interests. A Michigan investment loss lawyer at Malecki Law can help you or a loved one review your account activity, financial statements, and brokerage records to look for red flags.

Michigan’s Department of Licensing and Regulatory Affairs (LARA) and the Corporations, Securities, and Commercial Licensing Bureau (CSCL) both work to prevent financial exploitation. The Michigan Uniform Securities Act (MUSA) regulates broker-dealer activity and securities registration in the state. However, even with these rules in place, fraud still occurs. That is why individual legal action is often necessary to hold firms accountable.

Brokerage firms have a duty to supervise their employees and to ensure that brokers are recommending products that are in their clients’ best interest. FINRA Rule 3110 requires firms to implement and enforce procedures that ensure brokers comply with all relevant rules and regulations. This includes monitoring account activity and flagging anything that seems inconsistent with the customer’s investment profile. FINRA Rule 2090, the Know Your Customer rule, further requires brokers to maintain current, accurate information about their clients’ investment goals, income, age, risk tolerance, and liquidity needs.

If you are a senior investor and you experienced significant losses after relying on advice from a financial professional, a Michigan securities lawyer can assess whether the firm violated these rules. Even subtle signs of misconduct—such as overly risky strategies, investment recommendations that don’t make sense for your age, or misstatements—could mean you have a case worth pursuing.

Most securities disputes do not go to court. Instead, they are resolved through arbitration with the Financial Industry Regulatory Authority (FINRA). FINRA arbitration can be quicker and less costly than litigation. The Michigan investment loss attorneys at Malecki Law have extensive experience handling arbitrations across the country, including for Michigan residents. We can represent you whether your case proceeds in arbitration, state court, or federal court.

Importantly, arbitration awards typically cannot be appealed, which means successful outcomes result in final decisions and prompt payment. Our attorneys also seek expedited case status whenever possible, especially for seniors or those dealing with medical issues, so that recovery is not delayed.

If you or a family member in Michigan suffered losses from a fraudulent investment, recommendation that was against their best interest, or mismanaged account, it is important to act quickly. There are time limits for bringing claims, and waiting too long could limit your options. A Michigan investment loss lawyer at Malecki Law can review your situation, explain your rights, and help you determine the best path forward.

Our team takes each case seriously and works to uncover wrongdoing at both the broker and firm levels. Schedule a free consultation today by calling (212) 943-1233 or emailing jenice@maleckilaw.com. We’re here to help Michigan investors protect what they’ve worked so hard to earn.