Bruce Meyers, of New York, New York, a stockbroker and former president of Meyers Associates, L.P., was named in a customer initiated investment related arbitration claim on April 7, 2016, in which the customer requested $545,000.00 in damages based upon allegations that Meyers effected unsuitable trades in the customer’s account.
FINRA Public Disclosure reveals that Meyers has been subject eighteen disclosable events including at least seven additional customer initiated arbitration claims. Particularly, on February 21, 2007, a customer initiated investment related arbitration action involving Meyers’ conduct was settled for $150,000.00 in damages based upon allegations that Meyers excessively traded in the customer’s account.
On June 13, 2014, a customer initiated investment related arbitration claim involving Meyers’ actions was resolved for $8,500.00 in damages based upon allegations that Meyers made poor investment recommendations to the customer. On May 26, 2015, a customer filed an investment related arbitration claim involving Meyers’s conduct, in which the customer requested $125,424.00 in damages based upon allegations that Meyers effected transactions in the customer’s account which were not suitable, and made misrepresentations to the customer concerning investments.
Meyers has also been subject to eight regulatory actions concerning misconduct. Myers has been associated with thirteen different broker-dealers, eleven of which are defunct or have been expelled by securities regulators for violation of the federal securities laws, including the infamous Blinder & Robinson. In May 2016, Myers was barred by the State of Connecticut, and on November 11, 2016, Financial Industry Regulatory Authority made a preliminary determination to recommend that disciplinary action be brought against Bruce Meyers alleging potential violations, specifically: willful violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5; willful violations of Section 17(a) of the Exchange Act and Rules 17a-3 and 17a-4; violations of FINRA Rules 2010, 2020, 2121, 3110, 3310, 4511, and 4530 and NASD Rules 1021, 1031, IM-1000-3, 2440, IM-2440, and 3010.
Guiliano Law Group
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