DID BOBB ARTHUR MECKENSTOCK CAUSE YOU INVESTMENT LOSSES?
Bobb Meckenstock Customer Complaints and Reviews
Bobb A. Meckenstock’s disclosure records indicate several significant incidents, including regulatory actions and customer disputes:
- Regulatory Actions: 2
- Action by FINRA (2010): Accusations of failing to supervise a registered representative, leading to unauthorized sales and violations of NASD rules. The outcome was a 30-day suspension and a $10,000 fine.
- Action by Kansas Securities Commissioner (2007): Alleged failure to supervise an agent, requiring requalification through the Series 24 exam. The result was a $75,000 fine.
- Customer Dispute:
- Allegations (2024): Claims against Meckenstock as a supervisor over an agent involved in a Ponzi scheme, with alleged damages totaling $154,000. This dispute has evolved into arbitration with FINRA.
Allegations Against Bobb Meckenstock
- Regulatory Allegations:
- FINRA (2010): Meckenstock was implicated in failing to supervise activities properly, leading to unauthorized sales and substantial markups in stock prices. He was also accused of not maintaining proper records and providing necessary approvals for transactions.
- Kansas Securities Commissioner (2007): He was required to retest for the Series 24 exam due to supervisory failures.
- Customer Dispute Allegations (2024):
- Investment in a fraudulent Ponzi scheme under his supervision, leading to arbitration for recovering the claimed damages of $154,000.
Bobb Meckenstock Red Flags & Your Rights As An Investor
Of course, Bobb Meckenstock] 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 Bobb Meckenstock at Osaic Wealth, Inc. on alert to review carefully the activity and performance of their accounts and question whether Bobb Meckenstock has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Osaic Wealth, Inc. 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.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Osaic Wealth, Inc. Due To Bobb Meckenstock
If you have questions about Osaic Wealth, Inc. and/or Bobb Meckenstock 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.
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