Goodman & Nekvasil P.A. May Recover Investor Losses – CytoDyn Inc. (CYDY)
CytoDyn Inc. (CYDY) is a penny stock that, historically, has had no revenues from operation and yearly net losses. Gary Alan Meier, formerly a licensed broker with Symetra Investment Services and Cambridge Investment Research, sold a considerable amount of this penny stock to Gary Alan Meier’s clients, many of whom were elderly. CytoDyn Inc.’s (CYDY) financial condition prompted CytoDyn Inc.’s (CYDY) auditor to draft a going concern opinion (a going concern opinion means that there is substantial doubt that the company can continue as an ongoing business for the next 12 months). CytoDyn Inc. (CYDY) has had less than five employees for a significant period of time. If you purchased CytoDyn Inc. (CYDY) from Gary Meier, our firm may be able to help you.
FINRA reports that the State of Washington filed an enforcement action against Gary Meier seeking to suspend Gary Meier’s securities license. The State of Washington alleged that Gary Meier made unsuitable investment recommendations of CytoDyn Inc. (CYDY) to Gary Meier’s clients, misrepresented and omitted material information about CytoDyn Inc. (CYDY), and provided clients with grossly exaggerated future values of CytoDyn Inc. (CYDY).
If you invested in CytoDyn Inc. (CYDY), and you lost money, you may be able to recover your losses from Cambridge Investment Research, Inc. and/or Symetra Investment Services, Inc. This is because Cambridge Investment Research, Inc. and Symetra Investment Services, Inc. had a duty to supervise Gary Meier.
If you lost money on CytoDyn Inc. (CYDY) stock, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action against Cambridge Investment Research, Inc. and/or Symetra Investment Services, Inc., concerning Gary Meier’s conduct. There is no charge for an evaluation of your case. Further, we handle our cases on a contingency fee basis. This means that unless we recover money for you, we charge no attorney’s fee. Unless you recover any money, you pay us nothing, not even the costs and expenses which the firm will advance on your behalf.
Kalju Nekvasil, Esq., formerly regional counsel with the NASD, now known as FINRA, has practiced in this area of the law for more than 35 years. Goodman & Nekvasil, P.A. has recovered more than $170 million on behalf of victimized investors. If you lost money on investments in CytoDyn Inc. (CYDY) stock and would like your case evaluated by a securities attorney (again, there is no charge for an evaluation and all cases are handled on a purely contingency fee basis), please contact us.
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