Matthew Meehan Has Been Sanctioned by FINRA

Matthew Meehan

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on June 1, 2017 indicate that former New York-based EJ Sterling broker Matthew Meehan has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Meehan (CRD# 4320603).

Matthew Meehan has spent fourteen years in the securities industry and was most recently registered with EJ Sterling in New York, New York (2011-2015). Previous registrations include Gunnallen Financial in New York, New York; National Securities Corporation in New York, New York; Joseph Stevens & Company in New York, New York; SW Bach & Company in New York, New York; Joseph Stevens & Company in Brooklyn, New York; Harrison Securities in Port Washington, New York; Ladenburg Capital Management in Bethpage, New York; and GBI Capital Partners in Bethpage, New York. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has been sanctioned by FINRA.

In January 2017 FINRA sanctioned Matthew Meehan following allegations he “engaged in quantitatively unsuitable trading in the accounts of customers resulting in annualized turnover rates of 12, 21, and 32, respectively, and annualized cost-to-equity ratios of 54 percent, 110 percent, and 179 percent, respectively,” resulting in a collective loss of$21,813.54. FINRA’s findings state further: “at various times, Meehan exercised discretion in the accounts of these customers. Meehan exercised discretion notwithstanding the fact that he did not have written authorization from the customers to place discretionary trades. Moreover, the firm had not approved and accepted the accounts as discretionary.” He was issued a 12-month suspension and a fine of $15,000.

If you or someone you know has lost money investing with Matthew Meehan, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.