Paul Meyers Allegedly Made Unsuitable Investment Recommendations

Paul Meyers (CRD #: 2158879), a broker registered with LPL Financial, allegedly recommended unsuitable investments, according to his BrokerCheck record, accessed on June 1, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

In a dispute filed on March 10, 2023, an investor alleged that Paul Meyers gave unsuitable investment recommendations between January 3, 2022, and March 8, 2023. They sought $106,430 in damages but the firm denied the dispute.

Investors should be aware, however, that firms don’t need to permit an external review before denying a dispute. Investors can still seek out FINRA arbitration after a denial and may be able to recover their losses.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must consider the information in the investor’s profile, such as their tax status, age, and risk tolerance when recommending investments.

Investors who feel their losses were caused by unsuitable investment recommendations may be able to recover their funds by pursuing FINRA arbitration.

Background Information

Paul Meyers has passed the following exams:

• Series 65 – Uniform Investment Adviser Law Examination
• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

Paul Meyers is a registered broker in 13 states and a registered investment adviser in North Dakota.

He has also worked for the following firms:

• Woodbury Financial Services (CRD#:421)
• LPL Financial (CRD#:6413)
• Wealth Enhancement Brokerage Services (CRD#:130139)
• Citigroup Global Markets (CRD#:7059)
• Lehman Brothers (CRD#:7506)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)

Kurta Law Can Help

If you worked with Paul Meyers and you 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 and 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.