Recently, Meyers Associates was issued a Disciplinary Report by the Financial Industry Regulatory Authority (FINRA) in February 2017 in which the firm was fined $350,000 and required to retain, within 60 days of the decision, an independent consultant to conduct a comprehensive review of each of the firm’s policies, related to branch supervision. Meyers Associates was found to have failed to adequately supervise a representative’s efforts to increase the reported price and trading volume of common stock of a company that was financially distressed. The firm did not adequately review emails sent and received by the branch office, and did not adequately review third-party research reports and other public communications, among other things. It is because of these failures that Meyers Associates may be responsible for investment losses. If you were a customer of Meyers Associates, please call our securities law firm today to speak to an attorney about your options of bringing a legal claim against the firm in the FINRA arbitration forum on a contingency fee basis. The call to us is free with no obligation.
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