Roman Meyerhans Investigation
June 2023- Miami, FL
The FINRA records of Roman Meyerhans, a broker employed by Raymond James & Associates, Inc. disclose a regulatory matter and a customer dispute.
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Without admitting or denying the findings, Meyerhans consented to the sanctions and to the entry of findings that he caused his member firm to maintain incomplete books and records by using an instant messaging application to communicate with firm customers regarding securities related business. The findings stated that the instant messaging application was not an approved electronic communications channel, so the firm did not capture or maintain Meyerhans‘ instant messaging application communications. After discovering his use of instant messaging application to communicate with customers, the firm issued a Letter of Education reminding him of the firm’s prohibition against unapproved platforms. Although Meyerhans acknowledged that he had read, understood and agreed to comply with the terms of the letter, he continued for another 19 months to use instant messaging application to communicate with customers.
Sanctions were a 30 day suspension and a $10,000 fine paid by Meyerhans individually.
In FINRA case #21-00046, a Deutsche Bank Securities, Inc. (previous employer ) customer alleged that Meyerhans made unsuitable investment recommendations, unnecessarily encouraged margin use, incorrectly marked trades as “unsolicited”, improperly used What’sApp to communicate, failed to accurately disclose the risks of investments, and placed his interest above those of claimants to maximize commissions and fees. The case settled for $92,500.
Meyerhans has been with Raymond James since 9/2016.
If you have losses in an account handled by Roman Meyerhans, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney, at no cost to you.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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