Gary Alan Meier of Vancouver Washington a stockbroker formerly employed by Cambridge Investment Research Inc. is referenced in a customer initiated investment related arbitration claim which was resolved for $15,000.00 in damages based upon allegations that misrepresentations had been made to the customer by the stockbroker as it pertained to low priced securities including penny stocks during the time that Meier was associated with Cambridge Investment Research. Financial Industry Regulatory Authority (FINRA) Arbitration No. 19-00582 (June 12, 2020).
FINRA Public Disclosure confirms that Meier has been identified in seven additional customer initiated investment related disputes concerning accusations of his bad sales practices while employed by Cambridge Investment Research. On March 25, 2019, a customer initiated investment related arbitration claim regarding Meier’s activities was settled for $93,500.00 in damages founded on allegations that a fiduciary duty that was owed to the Cambridge Investment Research customer had been breached and that the stockbroker’s unsuitable sales resulted in the customer’s losses. FINRA Arbitration No. 17-02769 (Mar. 25, 2019). According to the claim, the penny stocks sold by Meier were misrepresented when they had been purchased by the customer. The claim also alleges Meier’s negligence at Cambridge Investment Research.
Meier is also the subject of a customer initiated investment related arbitration claim where the customer sought $188,000.00 in damages supported by accusations that Meier effected the sale of penny stocks which were not appropriate for the customer when Meier was associated with Cambridge Investment Research. FINRA Arbitration No. 19-00763 (Mar. 22, 2019). Another customer initiated investment related arbitration claim concerning Meier’s actions was resolved for $37,500.00 in damages based upon allegations including breach of fiduciary duty and the sale of penny stocks which were in no way suitable for the customer. FINRA Arbitration No. 18-01983 (July 16, 2019).
On November 16, 2019, a customer initiated investment related arbitration claim pertaining to Meier conduct was settled for $68,750.00 in damages founded on accusations that unsuitable exchange traded funds and over-the-counter equities had been sold to the Cambridge Investment Research customer. FINRA Arbitration No. 18-01128.
Meier has also been issued an Order by Washington Securities Division in which he was obligated to cease and desist violating the Washington Securities Act supported by allegations of him providing bad advice to customers and misrepresenting information pertaining to the value of penny stocks which he sold to clients while registered with Pacific West Securities. Case No. S-16-2029-17-CO0 (Nov. 6, 2017). Meier allegedly executed securities transactions outside of Pacific West Securities’ auspices. These private securities transactions had allegedly been concealed by Meier from Washington Securities Division.