NOTE: Stipulations of Fact and Consent to Penalty (SFC); Offers of Settlement (OS); and Letters of Acceptance Waiver, and Consent (AWC) are entered into by Respondents without admitting or denying the allegations, but consent is given to the described sanctions & to the entry of findings. Additionally, for AWCs, if FINRA has reason to believe a violation has occurred and the member or associated person does not dispute the violation, FINRA may prepare and request that the member or associated person execute a letter accepting a finding of violation, consenting to the imposition of sanctions, and agreeing to waive such member's or associated person's right to a hearing before a hearing panel, and any right of appeal to the National Adjudicatory Council, the SEC, and the courts, or to otherwise challenge the validity of the letter, if the letter is accepted. The letter shall describe the act or practice engaged in or omitted, the rule, regulation, or statutory provision violated, and the sanction or sanctions to be imposed.

Gregory Gerard Meyer
AWC/2008016397801

Meyer withdrew approximately $553,000 from a customer’s bank account by presenting withdrawal slips to bank tellers on which he wrote “at the customer’s request” and deposited the funds into his personal brokerage account for his own use. In addition, Meyer misappropriated approximately $85,000 from another bank customer by depositing the proceeds of the sale of the customer’s annuity into his personal accounts for his own use. Meyer exercised discretionary authority over a customer’s securities account without her written authorization, did not speak with the customer in connection with every transaction, and did not obtain approval from his member firm to engage in discretionary trading. Meyer engaged in private securities transactions, for compensation, without prior written notice to, or prior written approval from, his member firm. The findings also included that Meyer failed to respond to FINRA requests for information and to appear for a FINRA on-the-record interview.

Gregory Gerard Meyer: Barred

Tags: Bank