Former Morgan Stanley Miami Broker, Thomas Alan Meier Barred by FINRA

Soreide Law Group, based in South Florida, obtained the following information from FINRA’s May 2018 Disciplinary Report on Miami broker: 
Thomas Alan Meier (CRD #1146044, Miami, Florida)
Meier was barred by FINRA for allegedly effecting approximately 1,290 unauthorized transactions, including both purchases and sales of equity securities, in eight accounts belonging to six clients.
FINRA’s findings stated that none of the eight accounts were discretionary accounts and Meier did not have discussions with the clients about the trades prior to the transactions and did not obtain the clients’ authorization prior to executing any of the transactions. Thomas Alan Meier received approximately $265,000 in commissions for those transactions. Two of the clients had losses of approximately $78,000.
Thomas Alan Meier’s member firm has paid a total of approximately $1,087,610 to five of the clients in connection with the complaints about Meier.
Also, FINRA’s findings stated that Meier exercised discretion in five accounts belonging to four separate clients. None of the clients gave Meier written authorization to exercise discretion in their accounts, and the firm had not accepted any of the accounts as discretionary. None of the transactions were designated as discretionary in the firm’s system. The four clients suffered losses in their accounts of approximately $1.4 million. Additionally, one of the clients lost approximately $120,000 and another had a net loss of approximately $520,000.
To date, the firm has paid a total of approximately $1,078,828 to three of the clients in connection with complaints about Thomas Alan Meier.
FINRA’s findings also included that Meier made inaccurate statements on four annual compliance questionnaires that he did not have any accounts in which business was transacted on a discretionary basis.
(FINRA Case #2016049628301)
According to FINRA’s BrokerCheck, Thomas Alan Meier has 15 Disclosures on his report, with 14 of these Disclosures listed as “Customer Disputes.” All of the Customer Disputes have been settled.
Meier was in the securities industry for 32 years and had been listed with 7 firms, the two most recent listed below: 
06/01/2009 - 04/05/2016  MORGAN STANLEY - MIAMI, FL
10/28/1992 - 06/01/2009  CITIGROUP GLOBAL MARKETS INC - MIAMI, FL
If you were one of the many alleged victims of Thomas Alan Meier formerly with Morgan Stanley of Miami, and you experienced losses due to his actions or recommendations, contact the Soreide Law Group, conveniently located in South Florida, for a no-cost consultation regarding the possible recovery of your investment losses through a FINRA arbitration at:  888-760-6552.
Soreide Law Group operates on a contingency fee basis.  We represent clients nationwide before FINRA.