Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on January 10, 2019 indicate that Maryland-based Coastal Equities broker/adviser Michael Neumeier has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Neumeier (CRD# 3193792).
Michael Neumeier has spent 15 years in the securities industry and was most recently registered with Coastal Equities in Owings Mills, Maryland (2014). Previous registrations include Heritage Financial Systems in Owings Mills, Maryland (2013-2014); Questar Capital Corporation in Owings Mills, Maryland (2006-2013); USAllianz Securities in Owings Mills, Maryland (2006); and Advantage Capital Corporation in Owings Mills, Maryland (1999-2006). He has passed five securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 13, 2005; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on February 27, 2001; SIE (Securities Industry Essentials Examination), which he obtained on November 17, 2014; Series 7 (General Securities Representative Examination), which he obtained on June 22, 2002; and Series 6 (Investment Company Products/Variable Contracts Representative Examination), which he obtained on April 28, 1999. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one customer complaint, one pending customer complaint, and one regulatory sanction, and he resigned from a former employer in connection to alleged rule violations.
In October 2018 a customer alleged Michael Neumeier, while employed at Questar Capital Corporation, breached contract, committed fraud, misrepresented material facts, breached his fiduciary duty, and violated FINRA rules in connection to the sale of a Behringer Harvard Opportunity I real estate investment trust. The customer is seeking $55,000 in damages in the pending complaint.
In July 2018 he was sanctioned by the Florida Office of Financial Regulation in connection to allegations he failed to maintain an accurate Form U4 and “failed to deliver the Form ADV, Part 2B to clients before or at the time he provided advisory services” to them. He was issued a cease and desist order and a fine of $4,000.
In 2014 he resigned from his position at Heritage Financial Systems in connection to allegations a signature was forged. His “Broker Comment” on the disclosure reads that a firm investigation “could not determine who, if anyone” except the customer signed the form in question, and states that he was asked to reconsider his resignation.
In 2013 a customer filed a complaint, while Michael Neumeier was employed at Heritage Financial Systems, alleging a transfer was executed without authorization and that his signature had been replicated. The complaint settled with the transfer’s reversal.
If you or someone you know has lost money investing with Michael Neumeier, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.