Last Updated: February 2025, Fort Myers, FL
Here’s what you need to know about Fort Myers, FL, former stockbroker Brian M. Megibow:
- Name: Mr. Brian Michael Megibow
- CRD Number: 3083501
- Current Status: Not currently registered
- Prior Employers:
- Ameriprise Financial Services, LLC (May 2017 – January 2025)
- SunTrust Investment Services, Inc. (March 2005 – June 2017)
- AmSouth Investment Services, Inc. (March 2001 – January 2005)
- Dean Witter Reynolds Inc. (March 1999 – February 2001)
- Function: Stockbroker / Financial Advisor
- RIA Firm: Four Star Wealth Advisors
- Primary Location: Fort Myers, FL
- Can Brian Megibow be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Discharged by a Prior Employer: Yes
- Highest Settlement or Award: $25,000.00
If you’ve sustained damages from Mr. Megibow, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Brian Megibow As Your Stockbroker?
Several customer disputes have been filed against Brian Megibow:
- A customer dispute filed on March 31, 2016 alleged that four annuity purchases were unsuitable investments. In 2018 the matter was settled for $25,000.00.
- Multiple disputes were dismissed or denied by the firm during his time at Morgan Stanley in 2000 and 2001. Customers claimed mismanagement of accounts, inappropriate IPO share allocation, and improper commission charges, but these complaints were ultimately denied by the firm and apparently the customers did not file FINRA arbitrations or otherwise pursue the matters.
See this for our prior investigations of cases involving Annuities
Allegations of Broker Misconduct Against Brian Megibow
Customers of Brian Megibow have alleged the following misconduct in connection with the handling of their accounts:
- Unsuitable Investment Recommendations: The settled customer dispute indicates a potential violation of FINRA Rule 2111, which requires brokers to ensure that investments are suitable based on the client’s risk tolerance and financial situation.
- Account Mismanagement Allegations: Several complaints, though denied, reflect concerns about mismanagement and improper fee assessments during Mr. Megibow’s tenure at Morgan Stanley.
Employment Termination History
- Ameriprise Financial Services, LLC (December 17, 2024): Mr. Megibow “voluntarily resigned” while the firm was reviewing his trading strategy and client interactions.
- AmSouth Investment Services, Inc. (January 13, 2005): Mr. Megibow was discharged for violation of company policies after placing trades in his personal account before executing similar trades for a potential customer (“front running”).
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Ameriprise Financial brokers
If you have suffered investment losses in an account handled by Brian M. Megibow, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.