Thomas Meier – Thomas Alan Meier, Financial Advisor Barred from Securities Industry

Goodman & Nekvasil P.A., May Recover Investor Losses | Thomas Meier – Thomas Alan Meier, Financial Advisor Barred from Securities Industry

Thomas Meier was licensed with Morgan Stanley from 2009 to 2016 in Miami, Florida. FINRA reports that Thomas Meier was barred from the securities and investment banking industry in March 2018.  

ACCORDING TO FINRA:  Thomas Meier consented to the sanction and to the entry of findings that he effected approximately 1,290 unauthorized transactions, including both purchases and sales of equity securities, in eight accounts belonging to six customers. The findings stated that none of the eight accounts were discretionary accounts and Thomas Meier did not have discussions with the customers about the trades prior to the transactions and did not obtain the customers’ authorization prior to executing any of the transactions. Thomas Meier received approximately $265,000 in commissions for those transactions. Two of the customers realized losses of approximately $78,000. In addition, there were unrealized losses in the accounts. To date, the Thomas Meier’s member firm has paid a total of approximately $1,087,610 to five of the customers in connection with complaints about Meier. The findings also stated that Thomas Meier exercised discretion in five accounts belonging to four separate customers. None of the customers gave Thomas Meier written authorization to exercise discretion in their accounts, and the firm had not accepted any of the accounts as discretionary. None of the transactions were designated as discretionary in the firm’s system. The four customers suffered unrealized losses since inception totaling approximately $1.4 million in their accounts. In addition, one of the customers realized a loss of approximately $120,000 and another realized a net loss of approximately $520,000. In addition, there were unrealized losses in the accounts. To date, the firm has paid a total of approximately $1,078,828 to three of the customers in connection with complaints about Thomas Meier. The findings also included that Thomas Meier made inaccurate statements on four annual compliance questionnaires that he did not have any accounts in which business was transacted on a discretionary basis.

According to Thomas Meier’s CRD, 14 Customer Disputes involving Thomas Meier’s conduct have been settled. According to Thomas Meier’s CRD, one of these customer disputes settled for as much as $497,245.90.

If you lost any money on investments with Thomas Meier, you may be able to recover your losses. If you lost money on investments with Thomas Meier 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 Thomas 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 $180 million on behalf of victimized investors. If you lost money on investments with Thomas Meier 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.  

 

Investment Fraud Attorney, Stockbroker Misconduct Disciplinary Actions, Unsuitable Investment Advice, Investment Fraud, Churning, Misrepresentation and Omission of Material Facts, Elder Fraud, Unauthorized Trading, Theft, Selling Away, Unapproved Outside Business, Nationwide, PIABA, SEC, Securities Exchange Commission, NASD, National Association of Securities Dealers, NASDAQ, Dow Jones, Wall Street, New York Stock Exchange

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