Paul Richard Meyer (CRD #3062534) Was Disciplined by FINRA
Paul Richard Meyer (CRD #3062534) has been the subject of one regulatory disclosure and four customer dispute disclosures. This blog is based on Paul Richard Meyer’s FINRA BrokerCheck report accessed on January 14, 2026. If you have worked with Paul Richard Meyer and you have concerns about his activity, keep reading.
BrokerCheck link: BrokerCheck
BrokerCheck report: BrokerCheck Report
Regulatory action (FINRA)
According to Paul Meyer’s FINRA BrokerCheck disclosure section, on December 10, 2025, FINRA entered into an Acceptance, Waiver & Consent (AWC) with Paul Meyer. The findings stated that between September 2021 and February 2024, Paul Meyer exercised discretion without written authorization in connection with 334 trades in 45 accounts belonging to 32 customers. The findings also stated that although Paul Meyer generally discussed trading with customers, his member firm did not designate the accounts as discretionary and Paul Meyer did not speak with the customers on the dates of the transactions.
AWC link: AWC
Paul Meyer’s FINRA BrokerCheck report reflects that FINRA suspended Paul Meyer in all capacities for six weeks and fined him $5,000. The suspension is scheduled to run from January 5, 2026 through February 16, 2026.
Rule summary #1: FINRA Rule 3260 (Discretionary Accounts)
FINRA Rule 3260 governs discretionary accounts and generally prohibits a registered representative from exercising discretionary power in a customer’s account unless the customer has given prior written authorization and the member firm has accepted the account as discretionary in writing. FINRA cited this rule in Paul Meyer’s AWC regarding discretionary trading without written authorization.
Rule summary #2: FINRA Rule 2010
FINRA Rule 2010 is a broad, principles-based rule requiring high standards of commercial honor and just and equitable principles of trade. FINRA often references Rule 2010 when it alleges conduct falls below expected ethical standards.
Investor disputes / customer complaints
Paul Meyer’s FINRA BrokerCheck report reflects 4 customer dispute disclosures. Below are two examples:
Example 1 (Settled): Paul Meyer’s FINRA BrokerCheck report reflects a customer dispute received on December 23, 2022. The disclosure lists a time frame of May 2022 – December 2022 and includes allegations of negligence, unsuitable investments, and breach of fiduciary duty. The product type is listed as Common stocks, and damages requested are listed as $250,000. The disclosure reflects that the dispute was settled for $72,500.
Example 2 (Denied): Paul Meyer’s FINRA BrokerCheck report reflects a customer complaint received on November 16, 2022. The disclosure lists a time frame of July 2022 – August 2022 and includes allegations that unauthorized trades were executed in the customer’s account(s) and that the accounts were mismanaged. The product type is listed as Exchange Traded Fund (ETF), and alleged damages are listed as $5,000. The complaint was denied.
In addition to the two examples above, Paul Meyer’s FINRA BrokerCheck report reflects 2 other customer dispute disclosures.
Why this matters to investors (Regulation Best Interest)
Regulation Best Interest (Reg BI) is a U.S. securities regulation designed to strengthen the standard of conduct that broker-dealers owe to retail investors when making recommendations about securities transactions or investment strategies. Adopted by the U.S. Securities and Exchange Commission and effective as of June 30, 2020, Reg BI aims to enhance investor protection while preserving investor access to brokerage products and services.
Reg BI requires broker-dealers and financial advisors to act in the best interest of the retail customer at the time a recommendation is made, and not to place their own financial or other interests ahead of the customer’s. This represents a higher standard than the historical “suitability” requirement, which only required that recommendations be suitable, not necessarily optimal or conflict-free.
Reg BI is built around four key obligations:
- Disclosure Obligation – Broker-dealers must disclose material facts about the relationship and recommendations, including fees, scope of services, and conflicts of interest.
- Care Obligation – Recommendations must be made with reasonable diligence, care, and skill, considering costs, risks, and alternatives.
- Conflict of Interest Obligation – Firms must identify, disclose, and mitigate or eliminate conflicts, particularly those that create incentives to favor one product over another.
- Compliance Obligation – Firms must establish policies and procedures designed to ensure compliance with Reg BI as a whole.
Importantly, Reg BI applies at the recommendation level, not as a continuous duty like the fiduciary standard applicable to registered investment advisers. Still, it significantly narrows the gap by emphasizing cost considerations, conflict management, and investor-focused decision-making.
Overall, Regulation Best Interest seeks to promote transparency, improve the quality of investment recommendations, and reinforce trust between retail investors and broker-dealers in the U.S. securities markets.
Background information (from BrokerCheck)
Based on his BrokerCheck Report, Paul Meyer reportedly:
Is currently registered with RBC Capital Markets, LLC, but is inactive or suspended with at least one regulator.
Has passed the Securities Industry Essentials (SIE), Series 7, Series 65, and Series 63 exams.
Was previously registered with firms that include Morgan Stanley and Morgan Stanley & Co. Incorporated.
Kurta Law Can Help
If you have worked with Paul Meyer and you have concerns about his activity, Kurta Law may be able to help you evaluate potential recovery options. You may be entitled to pursue a claim through FINRA arbitration, depending on the facts of your situation and the investments involved. Contact Kurta Law at 877-600-0098 or info@kurtalawfirm.com for a free consultation.
Helpful resources: Unauthorized Trading | Discretionary vs. Non-Discretionary Accounts
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