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Colin Archer Complaint for Churning

Colin ArcherNew York-based Meyers Associates broker Colin Archer is the subject of several settled or pending customer complaints. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Archer (CRD# 2779023).

Colin Archer has spent sixteen years in the securities industry and has been registered with Meyers Associates in New York, New York since 2009. Previous registrations include Mercer Capital in New York, New York (2005-2006); JP Turner & Company in Atlanta, Georgia (2003-2005); Berry-Shino Securities in Scottsdale, Arizona (2002-2003); Fordham Financial Management in New York, New York (2001-2002); Harrison Securities in Port Washington, New York (2001); Whitehall Wellington Investments in Port Washington, New York (2000); Drake & Company in New York, New York (2000); First Security Investments in Kingston, Pennsylvania (1999-2000); Tarpon Scurry Investments in New York, New York (1999); Millennium Securities in New York, New York (1998-1999); and Tarpon Scurry Investments in New York, New York (1999). He is a registered broker with ten US states: California, Georgia, Illinois, Indiana, Minnesota, New Jersey, New York, Ohio, the Virgin Islands, and Virginia.

According to his BrokerCheck report, Colin Archer is the subject of one regulatory sanction, one customer complaint, and one pending customer complaint.

In January 2016 a customer alleged Colin Archer, while employed at Meyers Associates, churned the account, breached his fiduciary duty, and made unsuitable recommendations. The customer is seeking $50,000 in damages in the pending complaint.

In 2001 a customer alleged Colin Archer, while employed at Whitehall Wellington Investments, executed margin trades in an account that was not to be traded on margin. The complaint settled in 2002 for $500, to which Mr. Archer individually contributed $500.

In 2001 the Indiana Securities Division sanctioned Colin Archer following allegations he executed trades on margin in a non-margin account. His registration was barred.

If you or someone you know has a complaint regarding Colin Archer, call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

Records provided by the Financial Industry Regulatory Authority (FINRA) on March 7, 2016 have provided the above information.