Jeffrey Meyer sanctions – United Private Capital
Jeffrey B. Meyer Barred for Allegedly Engaging in Outside Business Activities
Jeffrey B. Meyer was barred for allegedly engaging in outside business activities without the authorization of his broker-dealer, according to a complaint from FINRA’s Department of Enforcement.
Between the period of November 2008 and September 2009, and while associated with Waddell & Reed, Jeffrey B. Meyer allegedly engaged in private securities transactions by taking part in sales to 20 investors of corporate guarantees issued by United Private Capital, Inc. totaling $1 million, the complaint further alleges. In addition, the complaint notes that the United Guarantees were securities, and that Meyer allegedly participated in the sales without providing prior written notice to Waddell.
Jeffrey B. Meyer Sold $300k Promissory Notes issued by Strategic Lending Solutions LLC and $238k Promissory Notes Issued by K&M Oil Company Inc.
Jeffrey B. Meyer allegedly sold $1m corporate guarantees issued by United Private Capital Inc. to 20 investors, and sold $300k promissory notes issued by Strategic Lending Solutions LLC to 13 investors, sold $238k promissory notes issued by K&M Oil Company Inc. to 8 investors, according to the aforementioned complaint.
As a result of Meyer allegedly engaging in private securities transactions involving 37 customers and investments of more than $1.5 million, and not providing proper written notice, he violated FINRA and NASD Rules, and therefore is barred from associating with any FINRA member firm in any capacity.
The Peiffer Wolf Carr & Kane Investment Rights Attorneys Often Represent Investors
The Peiffer Wolf Carr & Kane investment rights attorneys often represent investors who lose money as a result of investment misconduct. They take most cases of this type on a contingency fee basis and advance the case costs, and only get paid for their fees and costs out of money they recover for their clients.
Investors who believe they lost money as a result of investment misconduct may contact the investment rights attorneys at Peiffer Wolf Carr & Kane, Jason Kane or Joe Peiffer, for a free, no-obligation evaluation of their recovery options, at (585) 310-5140.