Robert Steven Meyer (Robert Meyer) – Financial Advisor/Broker Robert Meyer Suspended from Securities Industry | Goodman & Nekvasil, P.A. May Recover Investor Losses
Robert Meyer was a previously licensed financial advisor with Woodstock Financial Group, Inc. According to Robert Meyer’s BrokerCheck report, Robert Meyer was suspended from the securities industry for three months and fined $7,500 in October 2020.
According to FINRA Allegations:
Meyer consented to the sanctions and to the entry of findings that he engaged in quantitatively unsuitable trading in two customers’ accounts. The findings stated that Meyer recommended numerous trades in a customer’s account, which caused the customer to pay $10,462 in commissions and resulted in an annualized turnover rate of 42 and an annualized cost-to-equity ratio of more than 150 percent. Meyer also recommended numerous trades in another customer’s account, which caused the customer to pay $14,568 in commissions and resulted in an annualized turnover rate of 17 and an annualized cost-to-equity ratio of more than 50 percent. As a result of Meyer’s trading in their accounts, the customers suffered collective losses of $53,183 and paid $25,030 in commissions.
Goodman & Nekvasil P.A. May Recover Investor Losses
If you lost money on investments with Robert Meyer and believe the investments may have been unsuitable or otherwise improper for you, we would like to discuss the possibility of your retaining our firm to represent you in an arbitration action concerning Robert Meyer’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 $180 million on behalf of victimized investors. If you lost money on investments with Robert Meyer 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.
Some of the information in this blog post was obtained on 9/29/2020 directly from FINRA BrokerCheck, without any changes. If you believe this information was reported incorrectly, please contact our firm at 1-800-500-4442.