Advisor Alert: Our Attorneys Are Investigating Brian James Megley For Investment Fraud
Did You Lose Money Because of Brian Megley?
Filed: November 6, 2023
Brian J. Megley has been the subject of one (1) termination event and four (4) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Brian James Megley.
Who Is Brian James Megley of Cetera Advisors LLC?
- Advisor Name: Brian James Megley
- Aliases: Brian J Megley, Brian Megley
- CRD: 2302308
- Location: Newport, Rhode Island
- Current Employer: Cetera Advisors LLC
- Previous Firms: Investors Capital Advisory, Investors Capital Corp., and Wells Fargo Advisors Financial Networks, LLC
- Number of Known Customer Complaints: 3
- Number of Known Termination Events: 1
- Can Brian Megley Be Sued: Yes, in Private Arbitration
- Can Brian Megley’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $50,000
- Highest Settlement: $65,000
If you have suffered investment losses by Brian Megley, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a churning lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Brian Megley For Broker Misconduct
As of this publication date, Brian Megley has been the subject of 1 termination event and 3 customer disputes. Let’s review them below.
In November 2020, a FINRA arbitration was filed against or in reference to Brian Megley by a customer of Cetera Advisors LLC alleging unsuitable investments were recommended. Per the customer, he/she lost over $50,000 because of Mr. Megley’s actions. On October 28, 2022, Mr. Megley settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Megley’s employer and/or insurance carrier.
In January 2013, Wells Fargo Advisors Financial Network, LLC terminated Brian Megley for exercising discretion in customer accounts without written authorization from the customer to do so.
In February 2009, a complaint was filed against or in reference to Brian Megley by a customer of Wachovia Securities, LLC alleging unsuitable investment.
In April 2005, a complaint was filed against or in reference to Brian Megley by a customer of UBS Financial Services Inc. alleging that Mr. Megley unlawfully sold 600 shares of Star Gas without the required discretionary power to make the transaction. On May 6, 2005, Mr. Megley settled the claim for $14,500, and some or all of this amount may have been paid by Mr. Megley’s employer and/or insurance carrier.
In December 1999, a complaint was filed against or in reference to Brian Megley by a customer of A.G Edward & Sons, Inc. alleging failure to follow instructions to re-purchase stock. Per the customer, he/she lost over $100,000 because of Mr. Megley’s actions. On October 28, 2022, Mr. Megley settled the claim for $65,000, and some or all of this amount may have been paid by Mr. Megley’s employer and/or insurance carrier.
How To File A Claim Against Brian Megley of Cetera Advisors LLC (previously with Investors Capital Advisory, Investors Capital Corp., and Wells Fargo Advisors Financial Networks, LLC) To Get Your Money Back.
If you have questions about Brian Megley, Cetera Advisors LLC, Investors Capital Advisory, Investors Capital Corp., Wells Fargo Advisors Financial Networks, LLC, or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll-free at 1-800-950-6553.