Thomas Alan Meier, of Miami, Florida, a stockbroker formerly registered with Morgan Stanley, is the subject of a customer initiated investment related complaint on May 2, 2016, which settled for $497,245.90 in damages based upon allegations that between 2013 and 2016, he made misrepresentations concerning the terms and conditions of the customer’s liquidity within the customer’s equity holdings.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Meier has been identified in ten more customer initiated investment related disputes pertaining to allegations of his wrongdoing while employed with Morgan Stanley Smith Barney. Specifically, between May 2, 2016, and June 1, 2016, two customer initiated investment related complaints concerning Meier’s conduct were settled for a total of $712,245.90 in damages based upon allegations that Meier made misrepresentations to the customers about investments.
Subsequently, on September 1, 2016, a customer initiated investment related written complaint regarding Meier’s activities was resolved for $366,577.25 in damages based upon allegations that he effected stock trades in the customer’s account on an excessive and unauthorized basis. Moreover, on April 19, 2016, a customer filed an investment related written complaint regarding Meier’s activities, based upon allegations against him of trading equities without the customer’s consent.
On July 8, 2016, another customer initiated investment related written complaint involving Meier’s conduct was settled for $40,580.00 in damages based upon allegations that Meier made misrepresentations to the customer concerning stock transactions effected in the customer’s account. Further, on August 17, 2016, a customer initiated investment related written complaint regarding Meier’s activities was resolved for $90,000.00 in damages, wherein the customer’s claim was supported by allegations that Meier invested the customer’s funds without any regard to suitability.
Additionally, on January 5, 2017, a customer initiated investment related written complaint involving Meier’s conduct was resolved for $300,000.00 in damages supported by allegations that Meier negligently serviced the customer’s equity account and breached his fiduciary duties to the customer. Then, on March 14, 2017, another complaint involving Meier’s conduct was settled for $60,000.00 in damages based upon allegations that he effected unsuitable transactions in the customer’s account between 2010 and 2016. Another customer arbitration claim involving Meier’s conduct was settled for $250,000.00 in damages on March 24, 2017, founded upon allegations that Meier made structured products recommendations that were not suitable for the customer.
Meier’s registration with Morgan Stanley has been terminated as of April 5, 2016.
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