The securities fraud attorneys at Meyer Wilson are currently investigating
claims against broker and investment adviser Andrew R. Scheirer II (CRD# 4256666).
Kovack Securities Inc. broker and investment adviser Andrew Scheirer (CRD#
4256666) has been the subject of two customer disputes and one termination
The first dispute was filed in December 2013 and alleged that Scheirer
acted negligently, negligently misrepresented facts, omitted relevant
materials, breached his fiduciary duty, and recommended unsuitable investments.
The case was related to private equity investments. The second customer
complaint was filed on March 17, 2016. The customer alleged that Scheirer
recommended unsuitable private equity products and mispresented material
facts. Both disputes were settled for a total of $680,000.
In December of 2014, Scheirer was permitted to resign from his position
at First Allied Securities, Inc. based out of Lake Mary, FL after he allegedly
failed to follow firm procedures connected to an arbitration case.
Scheirer is currently registered as a broker and investment adviser at
Kovack Securities Inc. based out of Lake Mary, FL. He previously worked
First Allied Securities, Inc. from 2007 to 2014.
Contact the investment fraud attorneys at Meyer Wilson if you lost money
investing with Kovack Securities Inc. broker and investment adviser Andrew
Scheirer. We have successfully recovered hundreds of millions of dollars
in verdicts and settlements for approximately 1,000 clients since our
firm first opened our doors nearly 20 years ago. Every case we accept
is handled on a contingency fee basis, so you won’t owe any legal
fees until we successfully help you recover your losses.
Fill out our online form to request a free case evaluation from one of
our attorneys, or give us a call at one of our four office locations to speak with a
member of our firm today.