DID MATTHEW MEEHAN CAUSE YOU INVESTMENT LOSSES?
Matthew Meehan Formerly With E.J. Sterling Has A Customer Complaint For Alleged Broker Misconduct
Who is Matthew Meehan formerly with E.J. Sterling?
Matthew Meehan (CRD #4320603) who was formerly registered with E.J. Sterling and located in Garden City, New York is a subject of one of our many securities industry sales practice abuse investigations.
Matthew Meehan has also been the subject of a FINRA investigation into whether he engaged in quantitatively unsuitable trading in the accounts of customers, resulting in annualized turnover rates of 12, 21, and 32, respectively, and annualized cost-to-equity ratios of 54%, 110%, and 179%, respectively. It was further alleged that he engaged in discretionary trading without written authorization from the customer’s or approval by his firm to accept the accounts as discretionary accounts. Matthew Meehan consented to a 12 month suspension and a $15,000 fine without admitting or denying the allegations.
Matthew Meehan Customer Complaint
Matthew Meehan has been the subject of at least one customer complaint that we know about. The allegations made in the FINRA reported customer complaint for investment losses were client alleged that he was pressured into purchasing 3000 Truecar Inc and due to the fact that the stock lost 50% of the value he lost half his investment. He also alleged that he was told that he could not open his account unless he signed a margin agreement. Matthew Meehan’s customer complaint was denied and, to date, the customer has not taken any further action.
Matthew Meehan Red Flags & Your Rights As An Investor
Of course, Matthew Meehan did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Matthew Meehan at E.J. Sterling on alert to review carefully the activity and performance of their accounts and question whether Matthew Meehan has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at E.J. Sterling also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
File A Claim To Recover Your Investment Losses At E.J. Sterling Due To Matthew Meehan
If you have questions about E.J. Sterling and/or Matthew Meehan and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.