There are options for customers of RBC Capital Markets, LLC broker Paul Meyer (CRD# 3062534) who suffered investment losses. He has been registered with RBC Capital Markets, LLC in Minnetonka, Minnesota, since 2017. Previously, he was registered with Morgan Stanley in Minneapolis, Minnesota, from 2009 to 2017.
Paul Meyer Customer Complaints
He has been the subject of four customer complaints in 2022, according to his CRD report:
December 2022. “Customer alleges that FA failed to follow instructions regarding sale of stocks.” The customer is seeking $250,000 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with RBC Capital Markets, LLC.
November 2022. “The client alleged unauthorized trades were executed in his account(s) in July and August 2022 and that his accounts have been mismanaged.” The customer is seeking $5,000 in damages, and the case is currently pending. The complaint was regarding exchange traded funds (ETFs), and it took place while he was registered with RBC Capital Markets, LLC.
October 2022. “The client alleged his advisor has provided poor advice regarding the securities in which the client is invested from February 2021 through October 2022. The client later alleged that trades in his account had been executed without his authorization.” The customer is seeking $271,000 in damages, and the case is currently pending. The complaint was regarding equity OTC, and it took place while he was registered with RBC Capital Markets, LLC.
October 2022. “The client alleged the advisor executed unauthorized trades in his account in August 2022 and provided poor overall advice regarding investments that were made within the client’s portfolio.” The customer is seeking $112,594 in damages, and the case is currently pending. The complaint was regarding common and preferred stocks, and it took place while he was registered with RBC Capital Markets, LLC.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, RBC Capital Markets, LLC may be liable for investment or other losses suffered by Paul Meyer’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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