Meza has been a financial advisor with Cetera Advisor Networks since 2017 out of Valencia, California. Meyer Wilson has been contacted by customers of Meza who are concerned about excessive trading in their accounts.
Brokers With Financial Problems – A Red Flag?
According to public records, in 2021 Meza had a tax lien appear on his CRD report for over $125,000.
Financial stress can cloud judgment and compromise decision-making. When a financial advisor is grappling with personal financial problems, they may be more susceptible to making impulsive or risky decisions in an attempt to alleviate their financial burdens. This can have serious repercussions for the clients they serve.
The disclosure of a tax lien or personal financial problems should serve as a warning sign for supervisors in the brokerage industry. By closely monitoring and addressing these red flags, brokerage firms can protect the interests of their investors, maintain regulatory compliance, and uphold the integrity of the financial services they provide.
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What is Excessive Trading?
Excessive trading, also known as “churning,” is a deceptive and unethical practice. Churning involves a broker engaging in excessive buying and selling of securities in a client’s account with the primary goal of generating commissions and fees for the broker rather than serving the best interests of the client.
The Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) closely monitor brokerage activities to detect and prevent churning. Violations can result in regulatory actions, fines, and disciplinary measures against the broker and the brokerage firm.
How Can Meyer Wilson Help Customers of Jorge Meza?
Clients who become aware of churning in their accounts may pursue legal action against the broker and the brokerage firm. Securities laws provide remedies for investors who have suffered financial losses due to fraudulent or deceptive practices.
Meyer Wilson remains at the forefront of investment misconduct claims, providing legal support to those affected by broker misconduct. If you’re facing investment losses, remember that you have allies ready to fight for you. Contact us to explore your options and take the first step towards reclaiming what is rightfully yours.
Written by: Courtney Werning, Esq.
Recovering Losses Caused by Investment Misconduct.