Bruce Meyers, of New York, New York, a stockbroker formerly registered with Meyers Associates, L.P., is the subject of a Wells Notice issued by Financial Industry Regulatory Authority (FINRA), wherein enforcement action is pending against Meyers based upon allegations that he willfully violated NASD Rules 3010, 2440, IM-2440, 1031, IM-1000-3, 1021; FINRA Rules 4511, 4530, 3310, 3110, 2121, 2020, 2010; Securities Act of 1933 Section 17(a), SEC Rule 17a-3 and SEC Rule 17a-4; and Securities Exchange Act of 1934 Section 10(b) and SEC Rule 10b-5. Wells Notice Examination #20160489127 (Nov. 14, 2016).
On June 3, 2016, the Securities and Exchange Commission issued an Order denying Meyers and his firm’s move to stay a decision made by FINRA which disallowed Meyers from associating with Meyers Associates, L.P. Particularly, on June 2, 2015, FINRA denied a Membership Continuance Application submitted by Meyers Associates, L.P., supported by accusations that Meyers was subject of statutory disqualification according to a State of Connecticut Securities and Business Investments Division Consent Order, No. CFNR-14-8132-S.
FINRA concluded that the possibility of harm was too great for investors for Meyers’ association with Meyers Associates, L.P. to continue. FINRA noted Meyers’ extensive disciplinary history and regulatory infractions, demonstrating that Meyers had a history of failing to comply with FINRA rules and federal securities. FINRA also held that Meyers was not capable of being properly supervised in consideration of the firm’s regulatory infractions and unsuitable supervisory staff.
FINRA Public Disclosure reveals that a customer filed an investment related arbitration claim involving Meyers’ conduct, where the customer requested $383,000.00 in damages founded on allegations of unauthorized trading, suitability and churning of the customer’s over-the-counter equities portfolio from February of 2016 to November of 2016. FINRA Arbitration No. 17-00884 (Apr. 5, 2017).
Meyers has not been associated with Meyers Associates, L.P. since June 8, 2016, when he fired himself.
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