TAG | failure to provide customer with stock certificate
Adam George Meister (CRD # 4354400, Registered Representative, Evans, Georgia) was fined $20,000, suspended from association with any FINRA member in any capacity for 15 months and required to requalify by exam before re-entering the securities industry. The fine is due and payable when and if Meister seeks to re-enter the securities industry. The sanctions were based on findings that Meister engaged in a private securities transaction without his member firm’s prior notification and completed a firm compliance questionnaire stating that he understood he could not sell securities away from the firm and falsely represented that he had not engaged in unapproved transactions. The findings stated that Meister omitted material information in connection with the sale of securities with the intent to deceive or defraud, and failed to provide the customer with a stock certificate or receipt for the full amount of her investment. The findings also stated that the customer complained to Meister’s member firm after the stock issuer ceased operations and liquidated its assets, and the firm settled the customer’s complaint. The findings also included that Meister’s recommendations to the customer were unsuitable in light of her financial situation and investment needs.
This information was found on the FINRA website’s Disciplinary Actions.
If you have been a victim of the alleged fraudulent schemes of Adam George Meister, or a similar situation, call a Securities Arbitration Lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
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