Minnetonka, MN – December 18, 2025 – Paul Meyer (CRD# 3062534), a financial advisor with RBC Capital Markets in Minnetonka, Minnesota, has a regulatory action and multiple customer complaints on his FINRA BrokerCheck record. FINRA sanctioned Meyer on December 10, 2025, for exercising discretion without written authorization, imposing a six-week suspension and a $5,000 fine. Additionally, Meyer has four customer complaints involving allegations of unauthorized trading, three of which settled for a combined total of $192,540.42. This post provides factual information from FINRA records and explains investor recovery options.
BrokerCheck Snapshot
Name: Paul Richard Meyer
CRD #: 3062534
Current Firm: RBC Capital Markets, LLC
Location: Minnetonka, MN
Years in Industry: 27
Number of Disclosures: 5 (1 Regulatory Event, 4 Customer Disputes – 3 Settled, 1 Denied)
Current Status: Currently registered
FINRA Regulatory Action Against Paul Meyer
On December 10, 2025, FINRA initiated a regulatory action against Paul Meyer (docket number 2023078776201) for exercising discretion without written authorization. Without admitting or denying the findings, Meyer consented to the sanctions through an Acceptance, Waiver & Consent (AWC).
FINRA found that Meyer exercised discretion in connection with trades in customer accounts. Although Meyer generally discussed trading with the customers, his member firm RBC Capital Markets did not designate their accounts as discretionary, and Meyer did not speak with the customers on the dates of the transactions.
Sanctions:
- Six-week suspension from January 5, 2026, through February 16, 2026
- $5,000 fine
- Status: Final (resolved on 12/10/2025)
Under FINRA rules, brokers must obtain written authorization from both the customer and the firm before exercising discretion in a customer account. Discretionary trading without proper authorization violates FINRA Rule 2510 and can expose investors to unauthorized trading.
Customer Complaints Against Paul Meyer
Paul Meyer has four customer complaints on his BrokerCheck record, all filed in 2022 while he was employed at RBC Capital Markets. Three complaints settled for a combined total of $192,540.42, with Meyer personally contributing $60,020.21 to the settlements. The fourth complaint was denied.
Complaint 1: Settled for $72,500 (December 2022)
On December 23, 2022, a customer filed a FINRA arbitration complaint alleging that Meyer failed to follow instructions regarding the sale of stocks. The complaint sought $250,000 in damages. The case was filed as FINRA arbitration docket number 22-02942 and settled on July 26, 2023, for $72,500. According to FINRA records, Meyer’s individual contribution to the settlement was $0.00, meaning the firm paid the entire settlement amount.
Complaint 2: Settled for $20,040.42 (October 2022)
On October 19, 2022, a customer filed a written complaint alleging that Meyer executed unauthorized trades in his account in August 2022 and provided poor overall advice regarding investments. The complaint sought $112,594 in alleged damages. The matter settled on April 14, 2023, for $20,040.42, with Meyer personally contributing $10,020.21 to the settlement.
Complaint 3: Settled for $100,000 (October 2022)
On October 19, 2022, another customer filed a written complaint alleging that Meyer provided poor advice from February 2021 through October 2022 and later alleged that trades were executed without authorization. The complaint sought $271,000 in alleged damages. According to the broker statement, on November 22, 2022, the client sent a written communication making the unauthorized trading allegation. The matter settled on May 4, 2023, for $100,000, with Meyer personally contributing $50,000 to the settlement.
Complaint 4: Denied (November 2022)
On November 16, 2022, a customer filed a written complaint alleging that unauthorized trades were executed in his accounts in July and August 2022 and that his accounts had been mismanaged. The complaint sought at least $5,000 in damages. The complaint was denied on March 15, 2023, with no settlement or payment.
Pattern of Complaints / Risk Factors
The pattern of complaints against Paul Meyer raises significant concerns. All four customer complaints involve allegations of unauthorized trading and account mismanagement occurring between 2021 and 2022 at RBC Capital Markets. The FINRA regulatory action confirms that Meyer exercised discretion without proper written authorization from customers or the firm.
Under FINRA rules, brokers must obtain written authorization before executing trades on a discretionary basis. When brokers execute trades without speaking to customers on the dates of transactions and without proper discretionary authority, this may constitute unauthorized trading. Investors who discover unauthorized trades in their accounts may have valid claims for recovery through FINRA arbitration.
The fact that Meyer personally contributed $60,020.21 to settlement payments suggests the complaints involved serious misconduct allegations. Investors should carefully review account statements and trade confirmations to verify that all transactions were properly authorized.
Can Investors Recover Losses?
Investors who suffered losses due to unauthorized trading or account mismanagement may be entitled to pursue recovery through FINRA arbitration. Patil Law, P.C. has over 15 years of experience representing investors in FINRA arbitration and securities litigation, with more than $25 million recovered for clients across 1,000+ cases. We provide a free, confidential consultation to review your potential claim. Our firm works on a contingency fee basis, meaning you pay no attorney fees unless we successfully recover money for you.
About FINRA Arbitration
FINRA arbitration is a streamlined dispute resolution process for securities-related claims. It offers a faster, more cost-effective alternative to traditional court litigation. Most cases are resolved within 12-16 months. Claims generally must be filed within six years of the incident. The process is designed to handle disputes between investors and brokerage firms or individual brokers regarding investment losses, unauthorized trading, or misrepresentation of investments.
Related Brokers and Firms
If you experienced losses involving Paul Meyer or other brokers at RBC Capital Markets who executed unauthorized trades or exercised discretion without proper authorization, you may want to review similar cases. Our firm has handled numerous claims involving unauthorized trading and unsuitable investments at major brokerage firms. Common issues include trades executed without customer consent, discretionary trading without written authorization, and failure to follow customer instructions.
Frequently Asked Questions
What is the regulatory action against Paul Meyer?
On December 10, 2025, FINRA sanctioned Paul Meyer for exercising discretion without written authorization in customer accounts. Although Meyer generally discussed trading with customers, his firm RBC Capital Markets did not designate the accounts as discretionary, and Meyer did not speak with customers on the dates of the transactions. FINRA imposed a six-week suspension from January 5, 2026, through February 16, 2026, and a $5,000 fine. Meyer consented to the sanctions without admitting or denying the findings.
What are the customer complaints against Paul Meyer?
Paul Meyer has four customer complaints on his record, all filed in 2022. Three complaints settled for a combined $192,540.42, with Meyer personally contributing $60,020.21. The allegations involve unauthorized trading, failure to follow customer instructions, poor investment advice, and account mismanagement. One complaint seeking $250,000settled for $72,500 with no individual contribution. A second complaint seeking $112,594 settled for $20,040.42 with Meyer contributing $10,020.21. A third complaint seeking $271,000 settled for $100,000 with Meyer contributing $50,000. A fourth complaint seeking $5,000 was denied.
Can investors recover losses from unauthorized trading?
Yes, investors who suffered losses due to unauthorized trading may be entitled to pursue recovery through FINRA arbitration. Under FINRA rules, brokers must obtain written authorization before exercising discretion in customer accounts. When brokers execute trades without proper authorization, investors may have valid claims for compensation. The arbitration process allows investors to seek recovery for losses resulting from unauthorized trades, breach of fiduciary duty, and failure to follow customer instructions.
What is discretionary trading?
Discretionary trading occurs when a broker has the authority to make investment decisions and execute trades in a customer’s account without obtaining prior approval for each transaction. Under FINRA rules, brokers must obtain written authorization from both the customer and the firm before exercising discretionary authority. The authorization must specify the scope and duration of the discretionary authority. Trading without proper discretionary authorization constitutes unauthorized trading.
How do I look up a broker on BrokerCheck?
Visit FINRA’s BrokerCheck website at brokercheck.finra.org and search by the broker’s name or CRD number. BrokerCheck provides information about a broker’s employment history, qualifications, and disclosure events, including customer complaints, regulatory actions, and employment terminations. The service is free and publicly accessible.
What should I do if I suspect unauthorized trading?
Review all account statements and trade confirmations carefully. Document any trades that were executed without your authorization. File a complaint with FINRA and your state securities regulator. Consider consulting with a securities attorney who specializes in investor recovery to evaluate whether you have a viable claim. Acting promptly is important, as arbitration claims must be filed within six years of the incident.
About Patil Law, P.C.
Patil Law, P.C. is a securities litigation firm dedicated to representing investors who have suffered losses due to broker misconduct, unauthorized trading, and securities fraud. Founded in 2018 by attorney Chetan Patil, the firm focuses exclusively on FINRA arbitration and investment loss recovery.
With over 15 years of combined experience in securities law, Patil Law has successfully recovered more than $25 million for clients across 1,000+ cases. Attorney Chetan Patil earned his law degree from Case Western Reserve University School of Law. Attorneys Gabriela Dubrocq and Patricia Herrera earned their law degrees from University of Miami. The firm handles cases nationwide involving unauthorized trading, churning, unsuitable investments, breach of fiduciary duty, and failure to supervise.
Patil Law works on a contingency fee basis, meaning clients pay no attorney fees unless the firm successfully recovers money on their behalf. All consultations are free and confidential.
Contact Patil Law for a Free Consultation
If you suffered investment losses involving Paul Meyer or another broker at RBC Capital Markets who executed unauthorized trades or exercised discretion without proper authorization, contact Patil Law, P.C. for a free, confidential case evaluation. Our experienced securities attorneys can review your account statements, assess whether you have a viable claim, and explain your legal options.
Call: 800-950-6553
Email: info@patillaw.com
Website: investmentlosslawyer.com
There is no obligation, and we work on a contingency fee basis—you pay nothing unless we recover money for you.
Disclaimer: The information in this post is based on FINRA BrokerCheck records and public filings. Allegations described are pending or unproven and may be contested. All investors are entitled to fair treatment under securities laws. This is attorney advertising. Prior results do not guarantee a similar outcome. This communication is for informational purposes only and does not create an attorney-client relationship.
