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Meredith Lyon Allegedly Breached Her Fiduciary Duty

Meredith Lyon (CRD #: 6021833), a broker registered with United Planners’ Financial Services of America A Limited Partner, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on July 25, 2024. Investors may have engaged her services through Masterman Agency. 

Investor Allegations 

On May 17, 2024, an investor alleged Meredith Lyon breached her fiduciary duty. The investor further alleged that she engaged in negligence. The investor is seeking $99,999. 

Fiduciary Duties

Brokers are often dually registered as Registered Investment Advisers (RIAs) with the SEC. RIAs are fiduciaries, and fiduciaries are required to act in their clients’ best interests. Brokers are not fiduciaries but must abide by FINRA Rule 2111 and Regulation Best Interest. (To learn more about the differences between brokers and Registered Investment Advisers, click here.) 

Negligence

Many types of broker misconduct may qualify as negligence. Typical examples include unsuitable investment recommendations, misrepresentations or omissions of material fact, and failure to follow instructions.

Investors who believe their losses are the result of broker negligence may be able to recover their funds through FINRA arbitration.

Background Information 

Meredith Lyon has passed the following exams: 

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

She is a registered broker in 12 states and is a registered investment adviser in Maine. 

Kurta Law Can Help 

If you have worked with Meredith Lyon and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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. Do not let securities fraud go unchecked. Start your recovery process today.

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