November 20, 2014
The Financial Industry Regulatory Authority (FINRA) sanctioned broker Malcolm McGreggor Meikle by assessing a fine of $10,000 and suspending his securities registration for 20 days to resolve allegations that he made discretionary trades, without written authority , in the accounts of 11 customers and made unauthorized trades in violation of FINRA Rule 2010.
FINRA records indicate that Meikle was registered with Pruco Securities, South Portland, Maine branch from 2/1982-7/2013. A customer complaint alleging damages of about $641,000 was settled for $380,000 in October 2014. He was discharged by Pruco in 7/2013 when the firm learned of the discretionary and unauthorized trading.
Rex Securities Law , located in Boca Raton, FL, provides representation to investors in Maine and nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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