The Financial Industry Regulatory Authority (FINRA) fined New York-based Meyers Associates, now known as Windsor Street Capital, $700,000 and barred Bruce Meyers, its principal, from serving as a principal of a firm or as a supervisor. FINRA called the firm’s disciplinary history “highly troubling,” and said that the firm had been the subject of 16 final disciplinary actions since 2000. Since that year, it has paid approximately $390,000 in monetary sanctions as a result of the actions, which included supervisory failure, making untrue statements or omitting to state material facts in connection with a securities offering, failing to keep adequate books and records, inadequate review of electronic correspondence, and failing to report or timely report customer complaints. In September, the Securities and Exchange Commission (SEC) denied Mr. Meyers’ appeal of a FINRA decision in which he was disqualified from serving as his firm’s chief executive. Mr. Meyers also served a four-month suspension in all principal and supervisory capacities.
Investors with Windsor Capital broker John Riccardi may be able to recover their money losses by calling our Chicago-based law firm at 312-332-4200. We are securities attorneys who sue firms like Windsor Capital on a contingency fee basis in the Financial Industry Regulatory Authority (FINRA) arbitration forum. The call to us is free so please call today, as there is a statute of limitations on most cases. Attorneys are standing by. Allegedly, Mr. Riccardi, while employed at Meyers Associates, made unsuitable investment recommendations. He was also named in an investigation against him by FINRA. These are against securities rules.
Riccardi was previously registered with Joseph Stevens & Company in Brooklyn, New York from March 2004 until September 2004, JP Turner & Company in Atlanta, Georgia from May 2005 until June 2005 and Salomon Grey Financial Corp in Dallas, Texas from July 2005 until August 2005. He is currently registered with Windsor Street Capital in New York, New York and has been since August 2005. He has three customer disputes against him, one of which is currently pending.