Robert Jay Myers (Rob Myers), Financial Advisor Suspended by FINRA | Goodman and Nekvasil May Recover Investors Losses

Goodman and Nekvasil May Recover Investors Losses | Robert Jay Myers (Rob Myers), Financial Advisor Suspended by FINRA 

Rob Myers was licensed with MML Investors Services, LLC from 2009 to 2015. FINRA reports that Rob Myers, was suspended from association with any FINRA member in any capacity for one year and fined $20,000.  FINRA reports Rob Myers consented to the sanctions and entry of findings that Rob Myers received $57,575 in compensation for an outside business activity that was not disclosed to his member firm.

According to the AWC, while Rob Myers was associated with MML Investors Services LLC, Rob Myers arranged with customer EC for Rob Myers to provide the customer quarterly reviews of the customer’s investment accounts in return for advisory fees. Apparently, Rob Myers procured $57,575.00 from EC pursuant to their arrangement. However, FINRA reports that during this period, MML Investors Services mandated that Myers provide the firm with notice of any outside business activities and obtain approval for those activities prior to engaging in them. FINRA reports that since Rob Myers’ arrangement with EC did not fall within the scope of his employment arrangement with MML Investors Services, LLC, Rob Myers was required to have followed that policy regarding his arrangement. FINRA found Rob Myers’ engagement in unapproved outside business activities to be violative of FINRA Rules 2010 and 3270.

Goodman & Nekvasil, P.A., a Clearwater, Florida, law firm with a national practice representing victimized investors, continues to investigate brokerage firms that placed elderly retirees and other conservative investors in high-risk investments.

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. We would like to discuss the possibility of your retaining our firm to represent you in an arbitration action.

Goodman & Nekvasil, P.A., has filed hundreds of cases against brokerage firms selling high-risk investments and has recovered more than $180 million dollars on behalf of victimized investors.  We allege in these cases that these investment recommendations were unsuitable for our clients in view of their financial situation, needs and investment objectives.  All our cases are handled on a purely contingency fee basis.

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. Finally, the filing of such a case should not affect your ownership of these investments in any way.

If you incurred losses on your investment with Robert Jay Myers, you may be able to recover your losses from MML Investors Services LLC. This is because MML Investors Services LLC, had a duty to supervise Robert Jay Myers. If you 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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