Investors apparently complained about securities broker Paul Richard Meyer [CRD: 3062534, Minnetonka, Minnesota], according to publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Meyer has worked for RBC Capital Markets LLC beginning on October 11, 2017, where he has been registered as both a broker and investment adviser. Keep reading to discover more about disclosures involving Meyer that may be relevant to investors.
FINRA Sanctioned Meyer For Unauthorized Trading
Particularly, on December 10, 2025, FINRA issued Case: 2023078776201 sanctioning Paul Meyer for infractions, including a six-week suspension in all capacities and a $5,000 fine. Notably, FINRA alleged that Meyer exercised discretionary authority without written authorization. The regulator stated that between September 2021 and February 2024, Meyer placed trades in multiple client accounts without obtaining prior written consent or having the accounts approved as discretionary by RBC Capital Markets LLC. FINRA concluded that this conduct violated its rules requiring written authorization for discretionary trading and standards of commercial honor. Meyer accepted the findings without admitting or denying them and consented to the sanctions.
Paul Meyer Disclosed Failure To Follow Instructions Allegations By RBC Capital Markets LLC Client
Specifically, a client of RBC Capital Markets LLC contested Meyer’s sales practices, according to FINRA Arbitration No. 22-02942. Allegedly, Meyer failed to follow instructions regarding the sale of stocks. It appears that Meyer allegedly caused the client to sustain damages involving stocks. Therefore, RBC Capital Markets LLC opted to settle the matter on July 26, 2023, by compensating the client in the amount of $72,500.
RBC Capital Markets LLC Investor Accused Meyer Of Mismanagement
Notably, on November 16, 2022, an RBC Capital Markets LLC client filed a complaint about Paul Meyer. Primarily, the client alleged that Meyer engaged in unauthorized trading and mismanaged investment accounts. For this reason, the client allegedly incurred damages linked to exchange traded funds. Consequently, the client requested $5,000 in compensation from RBC Capital Markets LLC or Meyer. However, the firm denied this complaint.
Paul Meyer Disclosed Unauthorized Trading Allegations By RBC Capital Markets LLC Client
Also, a client of RBC Capital Markets LLC contested Paul Meyer’s sales practices, according to a complaint. Allegedly, Meyer engaged in unauthorized trading. It appears that Meyer allegedly caused the client to experience damages linked to stocks. Therefore, RBC Capital Markets LLC opted to settle the matter on April 14, 2023, by paying the client $20,040.42.
Do you have concerns or questions regarding investments you made with Paul Meyer? If so, reach out to Soreide Law Group at (888) 760-6552 or online and consult with a securities attorney about a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm takes cases on a contingency fee arrangement and advances all costs. Meyer and brokerage firms Meyer worked for deny allegations of sales practice violations.
