Securities Arbitration Lawyers BlogBroker Paul Richard Meyer Suspended By FINRA
Paul Richard Meyer (CRD# 3062534) is a previously registered broker and investment advisor last employed with RBC Capital Markets, LLC (CRD# 31194) of Minnetonka, MN. His previous employers include MORGAN STANLEY (CRD# 149777 and CRD# 8209) of Minneapolis, MN. He has been in the industry since 1998.
Meyer is the subject of a customer dispute filed on 4/10/2026. The customer alleges “his account was placed into a call and put strategy without his knowledge or authorization,” and requests $5,000 in damages. This claim is currently “pending.”
RBC terminated Meyer’s employment on 12/30/2025 for “violating the RBC Order Execution Policy, Time and Price Discretion Policy and the Electronic Communications Policy.” In its subsequent investigation, FINRA found that Meyer exercised discretion in customer accounts without written authorization in connection with 334 trades in 45 accounts belonging to 32 customers from September 2021 through February 2024.
FINRA found that although Meyer did discuss trading with his customers, RBC did not designate those accounts as “discretionary.” Furthermore, Meyer did not speak with his customers on the dates of the transactions in question.
In the Acceptance, Waiver & Consent (AWC) Letter, FINRA issued Meyer a six-week suspension and a $5,000 fine, to which he agreed, signing the letter on December 10, 2025.
In late 2022, four customers filed disputes against Meyer with similar allegations of unauthorized trading and that their accounts were mis-handled. Of the four, one claim was denied, and the other three were settled for a total of $ 192,540.42.
What Is Unauthorized Trading?
It’s simple: you and your broker have an agreement as to how you want your account handled, and what kinds of trades and transactions you are interested in making. If your broker makes one or more trades either without your permission or in spite of your specific requests not to trade, they have usually engaged in trading that is unauthorized.
A broker may engage in unauthorized trading to increase their commissions, conceal a previous mistake, or because they genuinely believe that the trade would be beneficial for the client. Unfortunately, it’s also a clear violation of securities laws and a breach of their fiduciary duties.
If your broker has engaged in unauthorized trading in your account, you’ll need to act immediately as soon as you discover anything. Gather your statements, trade confirmations, emails, and other written broker correspondence, and report this to the firm’s compliance department. If the firm does not offer help or resolve the claim, you can next file a complaint with the SEC, or with FINRA. You can also engage with the assistance of a securities law firm that can review your account and assist with filing complaints.
Did You Invest With Paul Richard Meyer?
Silver Law Group represents investors in securities and investment fraud cases. Our lawyers are admitted to practice in New York and Florida and represent investors nationwide to help recover investment losses due to stockbroker misconduct. If you have any questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases are handled on a contingent fee basis, meaning that you won’t owe us until we recover your money for you. Contact us today at (800) 975-4345 and let us know how we can help.