UPDATE! Continuing Investigation of JEFFREY MEYER and UNITED PRIVATE CAPITAL
Jeffrey Meyer and United Private Capital
We are continuing our investigation into allegations made against Jeffrey Brian Meyer from Lake in the Hills, Illinois. We currently represent a client who invested in United Private Capital at the recommendation of Jeffrey Meyer.
FINRA (the Financial Industry Regulatory Authority) recently filed a regulatory complaint against Jeffrey Meyer. FINRA alleges that Meyer participated in a number of private securities transactions in several companies, including United Private Capital, K&M Oil, and Strategic Lending Solutions. FINRA further alleges that Meyer participated in more than $1.5 million sales of notes of these three companies. Many investors who invested in United Private Capital, K&M Oil, and Strategic Lending Solutions have not been able to get their money back from these companies. We believe that investors who put money in United Private Capital, K&M Oil, and Strategic Lending Solutions may have lost significant money in these companies.
Jeffrey Meyer was a registered representative and financial advisor with Waddell & Reed from January 2006 to September 2009. He was also a financial advisor with WRP Investments from September 2009 to August 2012, when he was terminated from WRP Investments for failing to disclose his involvement with K&M Oil.
Our firm, along with Stoltmann Law Offices in Chicago, co-represents an investor in United Private Capital who invested after a recommendation from Jeffrey Meyer. The case is currently proceeding in FINRA Arbitration against Waddell & Reed.
Broker-dealers like Waddell & Reed and WRP Investments 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, as well as internal firm policies. When broker-dealers fail to adequately supervise their registered representatives, they may be liable for investment losses sustained by customers. If you have lost money through Jeffrey Meyer, United Private Capital, K&M Oil, or Strategic Lending Solutions and want to hear about ALL legal options, please visit https://www.israelsneuman.com/ or call us at 720-599-3505.
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