Bobb Meckenstock: Veteran Advisor Faces Ponzi Scheme Claims

Bobb Meckenstock Accused of Allegedly Recommending Ponzi Scheme Investment

Bobb Meckenstock, a seasoned financial advisor with over four decades of experience, is facing serious allegations of recommending a Ponzi scheme investment to a client. The aggrieved investor has filed a dispute against Meckenstock, seeking damages for losses incurred from the fraudulent investment scheme.

Our team of seasoned investment fraud attorneys is dedicated to safeguarding your hard-earned investments. If you suspect foul play or have fallen victim to fraudulent practices, we’re here to help. Our unwavering commitment ensures you receive the robust representation you deserve. Don’t let investment fraud erode your financial security. Protect your investments and your future with the trusted legal guidance of Meyer Wilson.

Regulatory Actions and Potential Violations

Meckenstock’s BrokerCheck record reveals two regulatory actions, indicating potential violations of FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and just and equitable principles of trade. These regulatory actions raise concerns about Meckenstock’s adherence to industry standards and ethical practices and call into question investment fraud.

Meckenstock’s Professional Background

• Meckenstock has been registered with various firms throughout his career, including Osaic Wealth, Inc., The Ameriflex Group, Main Street Advisors, Independent Financial Group, and National Planning Corporation.
• He holds various securities licenses and registrations across 32 states and Kansas as an investment adviser, enabling him to offer a wide range of financial products and services.

Potential Red Flags and Investor Vigilance

The allegations against Meckenstock serve as a reminder for investors to exercise caution and due diligence when entrusting their hard-earned money to financial advisors. Ponzi schemes, which rely on the continuous influx of new investments to pay earlier investors, are illegal and can result in significant financial losses for unsuspecting victims. Watch this video with securities fraud attorney Courtney Werning breaking down Ponzi schemes:

Seeking independent financial advice and consulting with experienced professionals can help mitigate the risks associated with fraudulent investment schemes.

Seek Legal Assistance for Investment Losses

If you have invested with Bobb Meckenstock and have concerns about your investments, Meyer Wilson can help. We are experienced securities attorneys who have advocated for investors to recover their losses from brokers and brokerage firms for over 20 years. Contact us at 866-938-2021 or visit investorclaims.com for a free consultation.

Written By: Courtney Werning, Esq.