Brian Megley (CRD #: 2302308), a broker registered with Cetera Advisors, has a pending dispute involving unsuitable investment recommendations, according to his BrokerCheck record, accessed on December 28, 2020. This is the second investor complaint to allege unsuitable investments.

Broker, John Wallinger has TIC Complaint

On November 6, 2020, a client alleged that Brian Megley recommended unsuitable investments. The client is seeking $50,000; the dispute is pending.

On January 17, 2013, Brian Megley was discharged from his position at Wells Fargo Advisors Financial Network, following allegations that he exercised discretion in customer accounts without written authorization from the investor.

On February 8, 2009, a client alleged that Megley made unsuitable investment recommendations. The client sought over $5,000, but the dispute was denied by the firm. It’s important to note that firms can deny disputes without the dispute entering into arbitration.

On April 25, 2005, a client alleged that Brian Megley exercised discretion in a customer account without authorization when he sold 600 shares of a gas company security. The dispute settled for $4,800.

Megley has been the subject of two tax liens which total $167,872.

Brian Megley has passed the Series 66 Uniform Combined State Law Examination, the Series 63 Uniform Securities Agent State Law Examination, the Securities Industry Essentials Examination, the Series 7 General Securities Representative Examination, and the Series 24 General Securities Principal Examination. He is a registered broker in 13 states and a registered investment adviser in Rhode Island and Texas.

Throughout his 27 years in the securities industry, Brian Megley has worked at the following firms:

  • Cetera Advisors (CRD #: 10299)
  • Investors Capital Advisory (CRD #: 30613)
  • Investors Capital Corp (CRD #: 11025)
  • UBS Financial Services (CRD #: 8174)
  • A.G. Edwards & Sons (CRD #: 4)

If Brian Megley was your broker and you have questions about your investments, don’t hesitate to contact the securities attorneys of Fitapelli Kurta. Call (877) 238-4175 or email info@fkesq.com for a free case consultation with a securities attorney.

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