Have you lost money with David Sheppard, a former registered broker at Meyers Associates in New York, New York? Sheppard has been accused of engaging in excessive trading, or churning, in four customer accounts, while he was registered with Meyers Associates. Churning is a tactic used by brokers to generate large commissions for themselves, and it is against industry rules. Brokerage firms like Meyers Associates have a responsibility to adequately supervise all brokers who are registered at the firm. Firms must also take steps to ensure that all of their brokers follow the rules and regulations of the securities industry. If they do not, the firm may be liable for losses sustained by the customers.
According to his Financial Industry Regulatory Authority (FINRA) BrokerCheck report, Mr. Sheppard was registered with AS Goldmen, The Boston Group, Painewebber Inc., Kimball & Cross, A.G. Edwards, Oppenheimer, Petersen Investments, Capitol Securities Management, Bishop, Rosen & Co., Aegis Capital in New York, New York from February 2014 until December 2015 and Meyers Associates in New York from December 2015 until October 2016. He has three customer disputes against him, one pending and is not currently registered within the industry.
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