UPDATE! Investigation of JEFFREY MEYER and UNITED PRIVATE CAPITAL
Jeffrey Meyer and United Private Capital
Have you lost money with financial advisor Jeffrey Brian Meyer? We are continuing our investigation into allegations made against Jeffrey Brian Meyer from Lake in the Hills, Illinois. We have represented a client who invested in United Private Capital at the recommendation of Jeffrey Meyer.
FINRA (the Financial Industry Regulatory Authority) filed a regulatory complaint against Jeffrey Meyer in 2014. FINRA alleged 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 alleged that Meyer participated in more than $1.5 million sales of notes of these three companies. Because Meyer failed to respond to the investigation, FINRA barred him from the securities industry in February 2015.
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 have lost significant money in these companies. Meyer is alleged to be a co-owner of K&M Oil, along with Brian Knight.
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.
Broker-dealers like 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.
We have represented numerous clients throughout Illinois, and our attorneys are also licensed in Illinois. We have also represented other investors who invested with Jeffrey Meyer. 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/ and go to our CONTACT page or call us at 720-599-3505.
Click to view FINRA AWC: Meyer FINRA AWC2