Broker Misconduct Lawyers

Hiring Trusted Broker Misconduct Lawyers Can Maximize Your Chances of Financial Recovery

Customers of Emerson Equity Broker Robert Melberth Are Pursuing Over $12M in Damages

If you are a current or former customer of Emerson Equity financial advisor Robert Wyla Melberth, and you are wondering if your investor losses are due to alleged broker misconduct or negligence, please contact Shepherd Smith Edwards and Kantas ( to request your free, no-obligation case assessment.

Melberth, who has worked in the industry for nearly two decades, is a Florida financial advisor who is also CEO of Melberth Capital. According to his CRD on BrokerCheck, since July 2022 six FINRA lawsuits have been filed by customers over their investor losses. Collectively, the damages they are seeking are more than $12.1M, with individual claims ranging from $555K to nearly $3.3M. The allegations against Melberth include due diligence failures, unsuitable investment recommendations, breach of contract, negligence, best interest violations, and other claims.

Going after a broker and, most likely, suing their brokerage firm can be tough, which is why you need knowledgeable attorneys by your side. For over 30 years, our securities law firm has represented investors in arbitration, mediation, and litigation to recover many millions of dollars in awards and settlements for our clients.

What Is Broker Misconduct?

Stockbroker misconduct can refer to outright theft and misappropriation by a financial advisor. It can also refer to their wrongful or negligent actions that led to an investor’s losses. Here are some examples:

  • Making investment recommendations that are unsuitable for a customer.
  • Overconcentrating a customer’s account and failing to diversify it.
  • Omitting or misrepresenting key facts about the financial product or an investing strategy and the risks involved.
  • Excessive trading in a customer’s account to earn high commissions, which is also known as churning.
  • A financial advisor fails to act in your best interests, such as neglecting to disclose conflicts of interest or making unauthorized transactions in your account.

Why You Need Savvy Broker Fraud Lawyers By Your Side

In order to recover damages from your broker-dealer, you will likely have to sue them in FINRA arbitration. This is not the type of legal claim you want to pursue without trusted broker negligence lawyers representing you.

If we decide to work together, Shepherd Smith Edwards and Kantas will conduct a thorough investigation into your investor losses, gather the necessary evidence to prove you were the victim of broker misconduct, file your statement of claim, and represent you before the panel of arbitrators.

More than 90% of our clients have received for or partial financial recovery.

Contact our Broker Misconduct securities law firm online or call (800) 259-9010 today.


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