{"id":3088,"date":"2014-04-16T00:00:00","date_gmt":"2014-04-16T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/"},"modified":"2017-12-22T14:22:46","modified_gmt":"2017-12-22T19:22:46","slug":"connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/","title":{"rendered":"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut"},"content":{"rendered":"<\/p>\n<p>If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling securities in Connecticut. A February 2014 Order to Cease and Desist issued by the Department, charges Meyers Associates and Bruce Meyers (\u201cRespondents\u201d) with numerous violations of Connecticut securities laws.\u00a0 The Order states the Department\u2019s intent to fine Respondents and revoke their registration to sell securities in Connecticut.<\/p>\n<p>The present charges against Respondents stem from a 2012 examination by the Department, out of which the Department claims to have discovered multiple violations of the Connecticut Uniform Securities Act and FINRA rules.\u00a0 Notably, the Department alleges that Respondents <a title=\"failure to supervise\" href=\"https:\/\/www.silverlaw.com\/failure-to-supervise.html\"  target=\"_blank\">failed to properly supervise<\/a> employees with known disciplinary histories, violated an order from the Vermont securities regulator, and failed to completely respond to both the Department\u2019s and FINRA\u2019s requests for information and documents.<\/p>\n<p>In seeking fines and revocation of Respondents\u2019 licenses, the Department cites to Meyers Associates\u2019 history of run-ins with the Department over allegations that it employed unregistered agents, offered and sold unregistered securities, engaged in fraud in connection with the sale of securities, engaged in <a title=\"sales practice violations\" href=\"https:\/\/www.silverlaw.com\/securities-arbitration\/finra-sales-practice-violations\/\"  target=\"_blank\">dishonest and unethical practices<\/a>, violated FINRA conduct rules, and failed to enforce and maintain adequate supervisory procedures.\u00a0 FINRA\u2019s BrokerCheck report for Meyers Associates shows 14 final regulatory events, two pending regulatory events, and nine final arbitrations.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/\"  title=\"Continue Reading Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling securities in Connecticut. A February 2014 Order to Cease and Desist issued by the Department, charges Meyers Associates and Bruce Meyers (\u201cRespondents\u201d) with numerous violations of Connecticut securities laws.\u00a0 The Order states [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[589,607,588,595,609,596,580],"tags":[301,499,131,428,456],"class_list":["post-3088","post","type-post","status-publish","format-standard","hentry","category-churning-2","category-failure-to-supervise","category-finra-arbitration","category-investment-fraud","category-sales-practice-violations","category-securities-concentration","category-stockbroker-misconduct","tag-churning","tag-failure-to-supervise-2","tag-finra-arbitration-2","tag-securities-violations","tag-stockbroker-misconduct-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut &#8212; Securities Arbitration Lawyers Blog &#8212; April 16, 2014<\/title>\n<meta name=\"description\" content=\"If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling &#8212; April 16, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut &#8212; Securities Arbitration Lawyers Blog &#8212; April 16, 2014\" \/>\n<meta name=\"twitter:description\" content=\"If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling &#8212; April 16, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut &#8212; Securities Arbitration Lawyers Blog &#8212; April 16, 2014","description":"If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling &#8212; April 16, 2014","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/","twitter_card":"summary_large_image","twitter_title":"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut &#8212; Securities Arbitration Lawyers Blog &#8212; April 16, 2014","twitter_description":"If the Connecticut Department of Banking (the \u201cDepartment\u201d) has its way, Meyers Associates and its owner, Bruce Meyers, will be barred from selling &#8212; April 16, 2014","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut","datePublished":"2014-04-16T04:00:00+00:00","dateModified":"2017-12-22T19:22:46+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/"},"wordCount":274,"keywords":["churning","failure to supervise","finra arbitration","securities violations","stockbroker misconduct"],"articleSection":["Churning","Failure to Supervise","FINRA Arbitration","Investment Fraud","sales practice violations","Securities Concentration","Stockbroker Misconduct"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/","url":"https:\/\/www.silverlaw.com\/blog\/connecticut-securities-regulator-seeks-to-bar-meyers-associates-from-selling-securities-in-the-state\/","name":"Connecticut Securities Regulator Seeks to Bar Meyers Associates from Selling Securities in Connecticut &#8212; 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