10.0David P Neuman
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ALERT! Robert Meyer of Monmouth Capital SUSPENDED – Colts Neck, NJ

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29
Sep

ALERT! Robert Meyer of Monmouth Capital SUSPENDED – Colts Neck, NJ

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ALERT! Robert Meyer of Monmouth Capital SUSPENDED – Colts Neck, NJ

Robert Meyer, with Monmouth Capital Management, Suspended by FINRA

Have you lost money with financial advisor Robert Steven Meyer from Colts Neck, New Jersey?  We are looking into allegations made by FINRA (the Financial Industry Regulatory Authority) against Robert Meyer. FINRA filed a complaint against Meyer regarding allegations while he was affiliated with Monmouth Capital Management.  FINRA suspended Meyer for 3 months, fined $7,500, and ordered to pay restitution of $25,030.

Meyer was being investigated regarding allegations that he engaged in unsuitable and excessive trading (churning) in two customers’ accounts.  FINRA alleged that two of Meyer’s customers had accounts with a cost-to-equity ratios of 50% and 150% while at Monmouth Capital Management.  To put this in perspective, if an account had a cost equity ratio of 50%, that means the trading in the account would have to make a 50% profit annually just to break even from the costs of trading.

Robert Steven Meyer was a registered representative and financial advisor with Monmouth Capital Management from July 2018 to September 2020.  He also was affiliated with Woodstock Financial Group from 2013 to April 2017.  He worked out of a branch office in Colts Neck, New Jersey.  Meyer has also been the subject of four other regulatory actions.

Broker-dealers like Monmouth Capital Management have a responsibility to adequately supervise all representatives who are registered through their firm, including investments sold by their registered representatives.  Broker-dealers also must take steps to ensure that their financial advisors follow all securities rules and regulations.  When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. 

Israels & Neuman PLC is a securities and investment fraud law firm with offices in Denver, Colorado; Seattle, Washington; Phoenix, Arizona; and Ann Arbor, Michigan.  We represent investors in FINRA arbitration proceedings in all 50 states, including investors in New Jersey.  Our attorneys have represented over one thousand investors against many brokerage firms in the past.

IF YOU HAVE LOST MONEY WITH ROBERT MEYER OR MONMOUTH CAPITAL MANAGEMENT, AND WANT TO HEAR ABOUT ALL LEGAL OPTIONS, CONTACT ISRAELS & NEUMAN AT 720-599-3505.

Israels & Neuman, PLC is a private law firm and is not affiliated with any government or law enforcement agency. Any investigation referenced in this blog is independent in nature and is being conducted by our law firm privately, not in conjunction with any government or law enforcement agency. All information contained in this blog should be deemed statements of opinion derived from the author’s review of public records, not statements of fact. This blog is advertising material and does not create an attorney client relationship, nor does it constitute legal advice. Everyone’s situation is different and the question of whether or not you have a claim will vary on a case-by-case basis. In contingent representation, clients may still be liable for costs.
10.0David P Neuman

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