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.
Disclaimer
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.
