Portland Wells Fargo Advisor Eric Neidermeyer Facing New Complaint Over Investor Losses, Risky Investments
Eric Paxton Neidermeyer (CRD# 1680870) has faced a series of serious allegations from customers. Four complaints have been settled and one is still pending. The four that settled all alleged that Neidermeyer engaged in unauthorized trading. Neidermeyer is currently a registered broker and has been employed with Wells Fargo Advisors Financial Network in Portland, Oregon since October 2011.
The most recent customer dispute, received in October 2018 and still currently pending, alleges that Neidermeyer, in the course of working as a financial advisor, placed their funds into risky investments, and did not inform clients that the warrants could become worthless. The complaint concerns over-the-counter (OTC) equity trades, and alleged damages in excess of $641,000.
Have Your Suffering Investment Losses? Meyer Wilson Can Help.
Both brokers and brokerage firms are obligated to deal in good faith with customers. Brokerage firms are also responsible for supervising their broker’s recommendations and activities to ensure regulatory compliance. Should a broker breach their duties, it may be possible to hold the brokerage firm liable for the financial losses clients suffer as a result.
At Meyer Wilson, our award-winning securities lawyers represent clients nationwide in matters involving investment fraud and misconduct, including claims involving the types of conduct this particular broker is alleged to have committed. You can find more information about these claims on our website:
- Unauthorized trading
- Margin trading
- Failure to supervise
- Misrepresentation and omissions
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