The Financial Industry Regulatory Authority (FINRA) recently barred former Meyers Associates broker, David Sheppard after churning allegations surfaced. This is also referred to as excessive trading, and is when a broker trades in and out of stocks and securities many times over a short period of time. This is done to create large commissions for the broker and typically results in large fees for the client. It is against securities laws, and firms like Meyers Associates can be sued for broker misconduct. If you suffered losses because of Mr. Sheppard, please call our securities law firm today at 312-332-4200 to find out how you can reclaim those investment losses. The call is free with no obligation. We sue firms in the FINRA arbitration forum on a contingency fee basis.
David Leonard Sheppard was previously registered with AS Goldmen & Co., The Boston Group, Painewebber, Kimball & Cross Investment Management, AG Edwards & Sons, Oppenheimer & Co., Petersen Investments, Capitol Securities Management, Bishop, Rosen & Co, Aegis Capital Corp, and Meyers Associates in New York, New York from December 2015 until October 2016. He has three customer disputes against him, one of which is currently pending. He has been permanently barred from the industry.
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