If you have invested with Jeffrey Meyer, you may be able to recover your loses through Financial Industry Regulation Authority (FINRA) arbitration or securities litigation.
According to a FINRA report, Jeffrey B. Meyer allegedly engaged in 37 securities transactions outside the scope of his employment with a FINRA member firm without providing prior written notice to the firm. According to these reports, stockbroker Jeffrey Meyer was engaged in the sales of corporate guarantees issued by United Private Capital, Inc. totaling approximately $1 million.
FINRA's report goes on to reveal that in January 2010 Jeffrey Meyer also engaged in private securities transactions by participating in the sales to 13 investors of Strategic Lending Solutions LLC by promissory notes totaling $300,000. FINRA's report goes on to note between August 2010 and July 2011 Meyer participated in sales to eight investors of K & M Oil Company, Inc. by promissory notes totaling approximately $238,000.
Brokerage firms like the one that Jeffrey Meyer was registered with have a regulatory duty to strictly supervise stockbrokers like Jeffrey Meyer to ensure that they follow FINRA rules and only sell securities approved by the firm. In cases where a stockbroker sells securities not-approved by the firm, the brokerage firm itself may be held liable for “selling away” if investors suffer losses in unapproved investments. As a result, investors who lost money with Jeffrey Meyer may be able to recover their investment losses through FINRA arbitration.
If you are an investor that has suffered losses investing with Jeffrey Meyer, United Private Capital, or in the Strategic Lending Solutions, you may be able to recover your losses through FINRA arbitration or securities litigation. Please call Kons Law Firm at (860) 920-5181 for a FREE, NO OBLIGATION consultation to discuss your investment loss recovery options.
Kons Law Firm represents investors nationwide in securities arbitration and litigation matters. To learn more about the Firm’s securities litigation and FINRA arbitration practice, please visit www.investmentfraudattorneys.com.
