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Mika Meyers has been retained by a retired investor from the Metro Detroit area whose broker steered her towards “junk” bonds issued by a speculative start-up company, without disclosing his direct financial interest in the company. The broker was a director and executive officer of the issuing company, Consulting Services Support Corporation, and according to documents filed with the…
Mika Meyers has been retained by a group of international investors who lost millions of dollars in an alleged property scam emanating out of Detroit, Michigan. The principal architects of the alleged scheme were Metro Property Group, LLC, Metro Property Management, LLC, and the principles and affiliates of those companies. The investors claim that…
Mika Meyers has filed a $2 million FINRA arbitration claim on behalf of a retired investor from the Metro Detroit area against stock broker Anthony Mastroianni, Jr. and the brokerage firms that employed him from 2010 to 2013. The Statement of Claim alleges that Mastroianni “cold called” the retired investor from his office in New…
Earlier this year, University of Chicago and University of Minnesota business school professors, Mark Egan, Gregor Matvos, and Amit Seru, published an academic working paper in which they concluded that approximately 7.28% of registered securities brokers have “misconduct” disclosures on their FINRA Brokercheck reports.[1] The study classified six types of Brokercheck…