In May, 2015 Jeffrey Meyer was barred from the securities industry as a result of engaging in private securities transactions on behalf of several firms. FINRA’s Department of Enforcement filed a complaint alleging that between November 2008 and September 2009 Jeffrey Meyer engaged in private securities transactions by participating in sales to 20 investors of corporate guarantees issued by United Private Capital, Inc. totaling $1 million.
The Complaint further alleges that, between January 2010 and July 2012 Jeffrey Meyer engaged in private securities transactions by participating in sales to 13 investors of Strategic Lending Solutions promissory notes totaling $300,000, and that Meyer participated in the sales without providing prior written notice to his broker dealer. The Complaint also alleges that, between August 2010 and July 2011, Meyer engaged in private securities transactions by participating in sales to eight investors of K&M Oil Company, Inc. promissory notes totaling $238,000. The Complaint alleges that, by engaging in the actions alleged, Meyer violated NASD Rules 3040 and 2110 and FINRA Rule 2010.
Jeffrey Meyer’s registration and disciplinary history
Jeffrey Meyer was registered with the following firms
According to FINRA’s CRD disclosure report, Jeffrey Meyer has been the subject of two customer complaints and two regulatory investigations.
The Law Office of David Liebrader practices exclusively in the field of investment loss recovery and our securities attorneys have successfully resolved over 1000 investment loss cases over the past 20 years. Recoveries for clients top $40 million. The types of claims we have successfully handled include those involving unsuitable investments (suitability claims), excessive trading or “churning”, misrepresentations and omissions, unauthorized trading, over-concentration of illiquid or overly risky investments, pump and dump scams involving “penny stocks”, direct participation programs (private placements) involving real estate investment trusts (REITS), oil and gas exploration programs, leasing equipment deals and receivable financing, promissory notes whether sold through a broker dealer or as part of the outside business activities of a registered representative, ponzi scheme losses, failure on the part of the broker dealer to perform due diligence, state securities law (blue sky) violations and failure to supervise.
Investment losses can be recovered through a process known as FINRA arbitration. FINRA regulates broker dealers that sell investments, and provides an arbitration forum to resolve investor disputes. Investors can pursue claims against their brokerage firms in the FINRA arbitration forum. Common claims in the forum are those for suitability, breach of fiduciary duty, misrepresentations and omissions, negligence, violation of FINRA rules, state and federal securities laws violations, elder abuse, breach of contract and failure to supervise. On average, the recovery process takes approximately a year, from start to finish.
FINRA’s rules require that all investment recommendations made by licensed financial advisors be suitable in light of a customer’s needs, objectives and risk tolerance. In addition, all registered representatives are required to be properly supervised, with periodic inspections and reviews by qualified supervisors, whose job it is to vigorously investigate suspicions of wrongdoing (red flags).
If you have suffered investment losses please call The Law Office of David Liebrader at (702) 380-3131 for a free, confidential consultation