Articles Posted in Stockbroker Misconduct

Thomas Meier (CRD #1146044) was barred from association with any FINRA member in all capacities. Without admitting or denying the findings, Meier consented to the sanction and to the entry of findings that he effected approximately 1,290 unauthorized transactions, including both purchases and sales of equity securities, in eight accounts belonging to six customers. The findings stated that none of the eight accounts were discretionary accounts and Meier did not have discussions with the customers about the trades prior to the transactions and did not obtain the customers’ authorization prior to executing any of the transactions. Meier received approximately $265,000 in commissions for those transactions. Two of the customers realized losses of approximately $78,000. In addition, there were unrealized losses in the accounts. To-date, Meier’s member firm, Morgan Stanley, has paid a total of approximately $1,087,610 to five of the customers in connection with complaints about Meier. The findings also stated that Meier exercised discretion in five accounts belonging to four separate customers. The findings also included that Meier made inaccurate statements on four annual compliance questionnaires that he did not have any accounts in which business was transacted on a discretionary basis.

Contact Our Firm if You’ve Invested with Thomas Meier

If you invested with Thomas Meier and believe you have lost money due to his misconduct, you may be able to file a claim to recover your losses through FINRA arbitration. For a free evaluation of your potential case by as securities attorney, please contact Silver Law Group. Our Florida securities arbitration lawyers can meet with you at our offices or at your home to discuss your potential claims.