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Meyer Wilson Investigating Claims Against Broker Andrew Scheirer

The securities fraud attorneys at Meyer Wilson are currently investigating claims against broker and investment adviser Andrew R. Scheirer II (CRD# 4256666).

Kovack Securities Inc. broker and investment adviser Andrew Scheirer (CRD# 4256666) has been the subject of two customer disputes and one termination since 2013.

The first dispute was filed in December 2013 and alleged that Scheirer acted negligently, negligently misrepresented facts, omitted relevant materials, breached his fiduciary duty, and recommended unsuitable investments. The case was related to private equity investments. The second customer complaint was filed on March 17, 2016. The customer alleged that Scheirer recommended unsuitable private equity products and mispresented material facts. Both disputes were settled for a total of $680,000.

In December of 2014, Scheirer was permitted to resign from his position at First Allied Securities, Inc. based out of Lake Mary, FL after he allegedly failed to follow firm procedures connected to an arbitration case.

Scheirer is currently registered as a broker and investment adviser at Kovack Securities Inc. based out of Lake Mary, FL. He previously worked First Allied Securities, Inc. from 2007 to 2014.

Contact the investment fraud attorneys at Meyer Wilson if you lost money investing with Kovack Securities Inc. broker and investment adviser Andrew Scheirer. We have successfully recovered hundreds of millions of dollars in verdicts and settlements for approximately 1,000 clients since our firm first opened our doors nearly 20 years ago. Every case we accept is handled on a contingency fee basis, so you won’t owe any legal fees until we successfully help you recover your losses. Fill out our online form to request a free case evaluation from one of our attorneys, or give us a call at one of our four office locations to speak with a member of our firm today.

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The information contained in The Firm’s posts on its blog, fraud alerts, investigations or elsewhere on the site is based upon information obtained from other sources including, but not limited to, news outlets and federal, state, and regulatory agency filings. All suspects and subjects of postings herein are presumed innocent until proven guilty in a court of law or administrative action and any and all crimes are alleged until a court or regulatory agency finds otherwise .

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