Norman Hugh Meyer, of St. Louis, Missouri, a stockbroker registered with Vestech Securities Inc., is the subject of a customer initiated investment related complaint filed on July 18, 2024, in which the customer requested $650,000.00 in damages based upon allegations that Meyer made the unsuitable investment recommendation of variable annuities and real estate investment trusts or REITs when Meyer was associated with Vestech Securities Inc.
Financial Industry Regulatory Authority (FINRA) Public Disclosure shows that Meyer is referenced in three other customer initiated investment related disputes concerning Meyer’s conduct while associated with securities broker dealers. On October 28, 2010, a customer initiated investment related FINRA securities arbitration claim involving Meyer’s conduct was settled for $85,000.00 in damages based upon allegations that Meyer made unsuitable recommendations, breached his fiduciary duties, and was negligent in connection with the sale of mutual funds when Meyer was associated with Silver Oak Securities Inc. FINRA Arbitration No. 10-01411.
On October 28, 2010, a FINRA securities arbitration claim involving Meyer’s conduct was settled for $75,000.00 in damages based upon allegations that Meyer breached his fiduciary duties, was negligent, and made unsuitable recommendations in mutual funds when Meyer was associated with Silver Oak Securities Inc. FINRA Arbitration No. 10-01410.
Meyer was also referenced in a customer complaint filed on April 19, 2013, in which the customer requested $14,000.00 in damages based upon allegations that Meyer made unsuitable recommendations in variable annuities. This complaint was denied.
Meyer has been associated with NI Advisors in Milpitas, California since September 20, 2021. Meyer has also been associated with Vestech Securities Inc. in St. Louis, Missouri since June 3, 2016, and Vestech Asset Management Inc. in Wildwood, Missouri since April 24, 2018.
