Investors Allege Paul Meyer Executed Unauthorized Trades

Paul Meyer (CRD #: 3062534), a broker registered with RBC Capital Markets, allegedly executed unauthorized trades in several clients’ accounts, according to his BrokerCheck record, accessed on January 5, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Disputes

On December 23, 2022, an investor alleged that Paul Meyer failed to follow instructions regarding the sale of stocks. The investor is seeking $250,000. 

On November 16, 2022, an investor alleged Paul Meyer executed unauthorized trades in July and August 2022, and that he mismanaged the client’s accounts. This dispute is currently pending.

In a dispute filed on October 19, 2022, an investor alleged that Paul Meyer provided poor advice with regard to the client’s securities from February 2021 through October 2022. The client additionally alleged that he executed unauthorized trades. The client seeks $271,000 in damages in this pending dispute.

FINRA Rule 3260

Unauthorized trading violates FINRA Rule 3260, which limits brokers to executing discretionary trades only in pre-authorized accounts. Both the firm and the client must approve an account before discretionary trading can occur.

Background Information

Paul Meyer 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 Meyer is a registered broker in 17 states and the District of Columbia. He is also a registered investment adviser in Minnesota and Texas.

He has also worked for the following firms:

• Morgan Stanley (CRD#:149777)
• Morgan Stanley & Company (CRD#:8209)
• RBC Capital Markets Corporation (CRD#:31194)

Kurta Law Can Help

If you worked with Paul Meyer 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.