Brad Meyers Subject of an Unsuitable Investment Dispute

Brad Meyers (CRD #: 6455807), a broker registered with Arete Wealth Management, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on September 22, 2023. Details are provided below. 

On July 17, 2023, an investor alleged that Brad Meyers recommended unsuitable investments in July 2020. The investor is seeking $50,000. 

FINRA Rule 2111 

FINRA Rule 2111 requires brokers to evaluate whether an investment fits their investor’s financial goals.

Some common violations of this rule include:

• Excessive trading, which violates the need for quantitative suitability. This means that the number of trades must suit an investor’s goals.
• Recommendations of unsuitable investment strategies. For instance, overconcentration of securities in a certain stock or sector is typically unsuitable due to the degree of risk.
• Recommendations of high-risk or illiquid investments. These investments may lead to high fees for the investor.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. Violations of FINRA Rule 2111 also violate this rule. 

Background Information 

Brad Meyers has passed the following exams: 

• Series 66 – Uniform Combined State Law Examination 
• SIE – Securities Industry Essentials Examination 
• Series 7 General Securities Representative Examination 

He is a registered broker in ten states and is a registered investment adviser in California, Missouri, and Texas. 

During his eight years of experience, Brad Meyers has registered with the following firms: 

• Arete Wealth Management (CRD #: 44856) 
• 25 Financial (CRD #: 317916) 
• Arete Wealth Advisors (CRD #: 145488)
• Larson Financial Group (CRD #: 140599) 
• Larson Financial Securities (CRD #: 152517) 

Kurta Law Can Help

If you worked with Brad Meyers and have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.