Our firm is investigating Steven John Meyer (CR 5182003) registered with IBN Financial Services, Inc., for potential investment-related misconduct.
Stockbroker’s Career History
Based on the BrokerCheck report, Steven John Meyer has reported securities industry registratioollowing firms:
- IBN Financial Services, Inc. (Registered Representative)
- Bournehill Investment Services, Inc.roker-dealer — 07/2022 to 09/20
- Aegis Capital Corp.17 to 07/2022
- Worden Capital Management LLC — 11/2014 to 08/2017 J.D. Nicholas & Associates, Inc. — 12/2008 to 11/2014
- Trident Partners Ltd. — 12/2007 to 11/2008
- Max International Broker/Dealer Corp. — 03/2007 to 12/2007
Steven John Meyer Fraud Allegations and Investor Complaints Explained
The BrokerCheck report reflects one customer dispute reported for Steven John Meyer
Customer Dispute Alleging Excessive Trading, Unauthorized Trading, and Unsuitable Tran
According to the disclosure, a customer alleged that between June 2015 and July 2017, while Steven John Meyer was associated with Worden Capital Management LLC city, ny”], the client experienced misconduct including fraud, excessive trading, unauthorized trading, breach of fiduciary duty, unsuitable transactions, negligence, and unjust enrichment in connection with Equity-OTC and listed equities (common & preferred stock), with alleged damages of $67,000.
The claim was filed with FINRAa matter (Docket/Case 21-01804) on 07/15/2021.
The report further reflects the matter later resolved as Settled, with a disposition date of 06/06/2022 and monetary compensation of $6,000, with $6,000 listed as the individual contribution amount.
Disclosures (for context):
- Customer Dispute (FINRA Arbitration 21-01804) — Allegations: fraud, excessive trading, unauthorized trading, breach of fiduciary duty, unsuitable transactions, negligence, unjust enrichment; Product: Equity-OTC and listed equities; Alleged damages: $67,000; Disposition: Settled (06/06/2022); Monetary compensation: $6,000; Individual contribution: $6,000.
To obtain a copy of Steven John Meyer’s FINRA BrokerCheck report, visit this link.
Robert Wayne Pearce Is Committed to Recovering Your Investment Losses
FINRA Rule 2111 (Suitability) is implicated when an investor alleges unsuitable transactions, because the rule generally requires a broker to have a reasonable basis to believe a recommendation or strategy is suitable in light of the customer’s investment profile (including objectives, risk tolerance, time horizon, liquidity needs, and other essential facts). In a dispute alleging unsuitable equity trading and losses like those described above, suitability analysis often focuses on whether the trading strategy, product selection (including OTC equities), and overall risk exposure aligned with the investor’s stated profile and constraints.
FINRA Rule 3110 (Supervision) can be implicated where allegations include excessive trading, unauthorized trading, or broader fraud theories, because the rule addresses a firm’s obligation to establish and maintain a supervisory system reasonably designed to achieve compliance with applicable securities laws and FINRA rules. In practice, disputes alleging rapid in-and-out trading, unexplained transactions, or trading without authorization often raise questions about whether the firm’s supervisory procedures and exception reporting reasonably detected and addressed red flags.
FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade) is a broad conduct rule frequently referenced in arbitration pleadings when investors allege dishonest or unethical conduct—such as unauthorized trading or misrepresentations—because it requires registered persons to observe high standards of commercial honor and just and equitable principles of trade. In customer disputes alleging fraud-based theories and unauthorized activity, Rule 2010 is often pled alongside more specific rules to frame the overall alleged misconduct.
For over 45 years, Robert Wayne Pearce has helped investors recover losses caused by broker fraud, negligence, and unsuitable recommendations. His firm, The Law Offices of Robert Wayne Pearce, P.A., represents clients nationwide on a no-recovery, no-fee basis. Call (800) 732-2889 or email pearce@rwpearce.com for a free case review with an experienced securities attorney.