Robert Meyer, Broker with Monmouth Capital Management, Suspended by FINRA Over Alleged Unsuitable Trading

Meyer agreed to a three-month suspension and FINRA findings stating that he caused customers significant losses.

The Sonn Law Group is investigating allegations that Robert Meyer made unsuitable investment recommendations. If you or a family member has suffered losses investing, we want to discuss your case. Please contact us today for a free review of your case.

robert-meyer-alleged-unsuitable-tradingRobert Meyer (CRD#: 3074785) is an investment adviser and broker with Monmouth Capital Management, where he has been since 2018. Previously, Meyer was employed as a broker with Woodstock Financial Group from 2013 until 2017.

Without admitting or denying the findings, Meyer consented to sanctions in the form of a $7,500 fine, restitution, a three month suspension, and a specified undertaking requiring that he complete 20 hours of continuing education concerning FINRA’s suitability rule. Meyer also consented to the entry of findings that he engaged in quantitatively unsuitable trading in two customers’ accounts.

FINRA’s findings stated that Meyer recommended numerous trades in a customer’s account, which caused the customer to pay $10,462 in commissions and resulted in an annualized turnover rate of 42 and an annualized cost-to-equity ratio of more than 150 percent. Meyer also allegedly recommended numerous trades in another customer’s account, which caused the customer to pay $14,568 in commissions and resulted in an annualized turnover rate of 17 and an annualized cost-to-equity ratio of more than 50 percent. As a result of Meyer’s trading in their accounts, the customers suffered collective losses of $53,183 and paid $25,030 in commissions. 

Meyer has seven other disclosures on his BrokerCheck report.


July 2016 Regulatory Judgment


September 2014 Regulatory Judgment


May 2013 Regulatory Judgment


June 2009 Regulatory Judgment


January 2006 Customer Dispute


June 2004 Regulatory Judgment


February 2002 Customer Dispute


Contact Us Today

The Sonn Law Group is currently investigating allegations that Robert Meyer made unsuitable investment recommendations. We represent investors in claims against negligent brokers and brokerage firms. If you or your loved one experienced investment losses, we are here to help. For a free consultation, please call us now at 866-827-3202 or complete our contact form.