ROBERT BRIAN MEADOWS OF M.L. STERN & CO IN BEVERLY HILLS, CA

Robert Brian Meadows is currently a registered representative of M.L. Stern & Co in Beverly Hills, CA. Between February 2004 and February 2005, he was a registered representative of Charles Schwab & Co, and A.G. Edwards & Sons between September 2002 and February 2004.

In March 2009, the National Association of Securities Dealers (“NASD”) announced that Meadows had consented to a $7,500 fine and was prohibited from associating with any FINRA member for 90 days. FINRA alleges in their disciplinary report that Meadows, while employed by M.L. Stern, borrowed $30,000 from a customer who was also a personal friend. NASD rules prohibit borrowing or lending to customers, except for under special circumstances that are reported by the employing firm. Meadows did not gain consent for the loan from M.L. Stern, nor did he report the loan during the firm’s annual compliance questionnaire. The suspension was in effect through July 4, 2009, after which Meadows is free to resume his business.

We are currently investigating Mr. Meadows.  If you or an organization with which you are affiliated have entrusted your money to Mr. Meadows, we would like to hear from you.

FURTHER READING:

In March 2009, NASD ordered the suspension of Robert Brian Meadows for 90 days. The NASD issued the following report regarding the recent disciplinary actions relating to Meadows:

Robert Brian Meadows (CRD #1780941, Registered Representative, Playa Del Rey,
California) submitted a Letter of Acceptance, Waiver and Consent in which he was fined $7,500 and suspended from association with any FINRA member in any capacity for 90 days. The fine must be paid either immediately upon Meadow’s reassociation with a FINRA member firm following his suspension, or prior to the filing of any application or request for relief from any statutory disqualification, whichever is earlier. Without admitting or denying the findings, Meadows consented to the described sanctions and to the entry of findings that, while associated with a member firm, he borrowed $30,000 from a customer who was also a personal friend. The findings stated that Meadows did not obtain consent from the firm to borrow from the customer when the firm’s written procedures prohibited registered persons from borrowing from customers except under certain circumstances and also required the firm’s prior review and approval. The findings also stated that Meadows failed to disclose the loan when completing the firm’s annual compliance questionnaires. The suspension is in effect from April 6, 2009, through July 4, 2009. (FINRA Case #2008013400501)