Category Archives: Windsor Street Capital (formerly Meyers Assoc.)

Churning, Failure to Supervise, FINRA, Meyers Associates (now known as Windsor Street Capital), Montana Office of Securities and Insurance, Stockbroker Malpractice, StockBroker Misconduct, Unsuitable Investments, Windsor Street Capital (formerly Meyers Assoc.)

Windsor Street Capital (f/k/a Meyers Associates) Has Numerous Regulatory Events

May 2018 —According to FINRA records,  stock brokerage firm Windsor Street Capital LP (formerly known as Meyers Associates),  discloses 3 pending regulatory events, 20 regulatory events that are final and 12 final arbitrations.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

Windsor Street Capital is an independent full-service broker-dealer and has been a FINRA member since 1994. They are headquartered in New York City and are registered in 50 U.S, states and territories. Windsor Street Capital has branch offices in New York, Florida, Virginia, Pennsylvania and Arizona.

The pending regulatory matters include:

  • FINRA Case 2015046971701-alleging failures in the supervisory systems designed to detect churning and excessive trading in customer accounts.

Windsor Street Capital is currently appealing the following regulatory matters:

  • In November 2016 a FINRA hearing panel fined Windsor Street Capital $350,000 and assessed other sanctions for supervisory failures related to the dissemination of sales literature and research and supervisory failures related to the detection of potentially suspicious activity relating to the manipulative trading of securities. FINRA Case 2013035533701. 
  • In 1/2018, a FINRA hearing panel fined Windsor Street Capital $700,000 and assessed other sanctions related to the distribution of misleading and unbalanced advertising materials. FINRA Case 2010020954501.

Windsor Street Capital‘s prior regulatory events include:

  • January 2017- Cease and desist issued by Securities and Exchange Commission and $200,000 fine to resolve allegations related to the sale of hundreds of millions of penny stock shares without performing adequate due diligence.
  • December 2015-Fine and disgorgement of $19,265 assessed by Montana Securities Commissioner for failing to supervise one of its brokers excessive trading in accounts of 3 Montana residents.
  • March 2015- Cease and desist and $50,000 fine assessed by Connecticut regulators to resolve allegations that the firm failed to discharge their supervisory responsibilities, sold unregistered securities and engaged in dishonest or unethical practices in the securities business.

If you have questions about how to recover losses in an account you had with Windsor Street Capital , call for a no charge consultation.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Windsor Street Capital (formerly Meyers Assoc.)

Joseph M. Thurnherr-Former Windsor Street/Meyers Assoc. Broker-Discloses Numerous Customer Suits-New York

March 2018 – New York

The FINRA records of  Joseph M. Thurnherr,  a  stock broker who is currently employed by Spartan Capital Securities  disclose  two prior regulatory matters, three pending customer disputes , three prior final customer disputes and 2 outstanding judgment/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In December 2017 Thurnherr was suspended by FINRA for failing to comply with an arbitration award or settlement agreement or to satisfactorily respond to a FINRA request to provide information concerning the status of compliance. That suspension was lifted in January 2018. FINRA Case 16-01460.

In October 2017 Florida securities regulators (Florida Office of Financial Regulation “FOFR“) denied Joseph Morris Thurnherr’s application for registration as a broker for Spartan Capital Securities after he failed to request a hearing following the issuance of a Notice to Deny by FOFR, who alleged that Thurnherr made a material misrepresentation or misstatement on his application for registration.

In pending FINRA Case 17-0884 a customer of Meyers Associates (now known as Windsor Street Capital) is seeking damages of $383,000, alleging churning, improper use of margin borrowing, unsuitable investments and unauthorized trading.

In FINRA Case#16-01460, a customer of Thurnherr’s prior employer First Standard Financial Company alleges damages of $93,624 alleging that his account was unsuitably invested and over concentrated.

In FINRA Case#1-01143, a customer of Thurnherr’s prior employer Legend Securities alleges damages of $536,180 alleging churning, excessive trading, suitability, unauthorized trading, negligence, breach of fiduciary duty and misrepresentation.

Thurnherr has been registered with Spartan Capital Securities since 1/2017. He was with Windsor Street Capital (formerly Meyers Associates) from  11/2015-1/2017;   with First Standard Financial Company from 10/2014-10/2015; National Securities Corp from 11//2012-10/2014; and with Legend Securities from 1/2011-1/2012.

If you have questions about an account handled by Joseph M. Thurnherr, call for a no charge consultation to learn about your options.

Meyers Associates is now  Windsor Street Capital

In 2016 Meyers Associates changed its name to Windsor Street Capital. While called Meyers Associates the firm gained a reputation for hiring brokers whose FINRA BrokerCheck reports had an inordinate number of disclosures. The Investment News reported in 2014 that Meyers Associates “stands out as a haven for registered representatives with black marks on their employment histories”. 

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Broker Discloses Criminal Event, Broker Disclosing Outstanding Liens/Judgments, Failure to Supervise, Meyers Associates (now known as Windsor Street Capital), National Securities Corporation, Unsuitable Investments, Windsor Street Capital (formerly Meyers Assoc.)

Matthew A. Siliato- Former Meyers Associates Broker-Discloses Pending Customer Disputes

April 2018-New York

The FINRA records of  Matthew Angelo Siliato,  a  stock broker who currently is employed by Spartan Capital Securities disclose 2 currently pending customer disputes, 5 prior final customer disputes, 1 prior financial event and 2 currently outstanding judgement/liens.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In currently pending FINRA Case #17-884 a customer of Meyers Assoc., now known as Windsor Capital, alleges damages of $383,000 for churning, unsuitable trades and unauthorized trading for the period 2/2016-11/2016.

In currently pending FINRA Case #16-1526 a customer of Meyers Assoc., now known as Windsor Capital, alleges damages of $250,627 for unsuitable investment recommendations.

In prior FINRA Case#15-03036 a customer of former employer National Securities Corp alleged damages of $522,941 for unsuitable investment recommendations and breach of fiduciary duty. The case was settled for $250,000.

Siliato has been registered with  Spartan Capital Securities since 1/2017. He was employed by Meyers Associates (WIndsor Street Capital) from  3/2013-1/2017. Prior to that he was registered with National Securities Corp.  from 1/2010-2/2013.

If you have questions about how your account has been handled by Matthew A. Siliato, call for a no charge consultation to discuss your options.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

Churning, Concentrated Positions, Discretionary Trading, Failure to Supervise, First Standard Financial, Legend Securities, Meyers Associates (now known as Windsor Street Capital), Misrepresentation, National Securities Corporation, Spartan Capital Securities, Stockbroker Malpractice, Unauthorized Trading, Unsuitable Investments, Windsor Street Capital (formerly Meyers Assoc.)

Joseph M. Thurnherr-Former First Standard Financial Broker-Discloses Pending Customer Disputes

UPDATE MARCH 2018-Joseph M. Thurnherr is now employed by Spartan Capital Securities and has another customer dispute disclosed on his BrokerCheck report. See this for details. 

Meyers Associates is now  Windsor Street Capital

In 2016 Meyers Associates changed its name to Windsor Street Capital. While called Meyers Associates the firm gained a reputation for hiring brokers whose FINRA BrokerCheck reports had an inordinate number of disclosures. The Investment News reported in 2014 that Meyers Associates “stands out as a haven for registered representatives with black marks on their employment histories”. 

Original Post–August 2016- New York

The FINRA records of  Joseph M. Thurnherr,  a  stock broker who is currently employed by Meyers Associates  disclose  two pending customer disputes and three prior final customer disputes.

The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.

In FINRA Case#16-01460, a customer of Thurnherr’s prior employer First Standard Financial Company alleges damages of $93,624 alleging that his account was unsuitably invested and over concentrated.

In FINRA Case#1-01143, a customer of Thurnherr’s prior employer Legend Securities alleges damages of $536,180 alleging churning, excessive trading, suitability, unauthorized trading, negligence, breach of fiduciary duty and misrepresentation.

 

Thurnherr has been registered with Meyers Associates since 11/2015.  He was registered with First Standard Financial Company from 10/2014-10/2015, National Securities Corp from 11//2012-10/2014 and with Legend Securities from 1/2011-1/2012.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  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.

Nationwide Representation

Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870