Financial Industry Regulatory Authority (FINRA) barred securities broker Robert Steven Meyer [CRD: 3074785, Point Pleasant Beach, New Jersey], and some of his former clients complained about him, according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Meyer worked for Monmouth Capital Management LLC from July 25, 2018, to June 9, 2023. Here’s more on the disclosures about Meyer.
Evidently, on April 9, 2024, FINRA issued Case: AWC No. 2023045346401 sanctioning Robert Meyer. He consented to a permanent bar from associating with any FINRA member in all capacities due to his refusal to testify as requested by FINRA. This refusal directly violated FINRA Rules 8210 and 2010. The testimony was crucial as FINRA sought to investigate his activities while under a previously ordered FINRA suspension. In September 2020, Meyer was suspended in all capacities for three months, fined $7,500, and ordered restitution totaling $25,030 plus interest.
Also, a client filed a complaint about Robert Meyer. Supposedly, Meyer engaged in excessive trading and made unsuitable recommendations. Because of this, the client allegedly sustained damages on over-the-counter equities. For this reason, on February 23, 2006, JP Turner Company LLC settled this matter by paying the client $7,679 in damages.
Additionally, a client of Grayson Financial LLC contested Robert Meyer’s sales practices, according to a complaint dated February 27, 2002. Allegedly, Meyer made unsuitable recommendations of over-the-counter equities, churned accounts, and made misrepresentations. Therefore, the client sought damages from Grayson Financial LLC or Meyer in the amount of $133,100 in this matter. However, the securities firm denied this dispute.
Suffer losses due to financial advisor / securities broker Robert Meyer's actions? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk to a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has successfully recovered losses for investors nationwide, operates on a contingency fee basis, and advances all upfront costs. Robert Meyer and the brokerage firms he was associated with have denied allegations of sales practice violations.
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