{"id":2015,"date":"2018-01-10T14:12:42","date_gmt":"2018-01-10T20:12:42","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=2015"},"modified":"2022-03-22T15:18:24","modified_gmt":"2022-03-22T20:18:24","slug":"securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/","title":{"rendered":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case"},"content":{"rendered":"<p>\t\t\t\t<strong>Meyers Associates is Fined by FINRA Over Misleading Sales Literature<\/strong><br \/>\nThe Financial Industry Regulatory Authority is ordering Meyers Associates, now called Windsor Street Capital, to pay a $75K fine for a number of securities violations, including sending sales literature that was misleading via email and not supervising books and records preparations. The firm\u2019s principal, Bruce Meyers, is now barred from working as a firm supervisor or principal.<\/p>\n<p>According to the regulator\u2019s National Adjudicatory Council, Meyers Association has been named in 16 disciplinary actions this century. It paid about $390K in sanctions for different issues, including issuing false statements, supervisory deficiencies, omissions related to a securities offering, improper review of emails, inadequate maintenance of books and records, and not reporting customer complaints in a timely manner. Last year, the US Securities and Exchange Commission turned down Meyers\u2019 appeal of a FINRA securities ruling that prevented him from serving as firm CEO.<\/p>\n<p><strong>Ex-RBS Trader Banned and Fined \u00a3250,000 for Manipulating Libor <\/strong><br \/>\nThe UK\u2019s Financial Conduct Authority has banned ex-Royal Bank of Scotland Group (RBS) trader Neil Danzinger from the securities industry and ordered him to pay a $338,000 over allegations that he rigged the London interbank offered rate (Libor). According to the regulator, Danziger, a former RBS interest rate derivatives trader, \u201croutinely\u201d asked RBS Libor submitters to modify the rate to benefit his trading positions. He also allegedly factored in certain trading positions when serving as a submitter and on more than one occasion got a broker to help him to rig other banks\u2019 yen Libor submissions.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/#more-2015\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called Windsor Street Capital, to pay a $75K fine for a number of securities violations, including sending sales literature that was misleading via email and not supervising books and records preparations. The firm\u2019s principal, Bruce [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3752,3739,4027,4036,3741],"tags":[],"class_list":["post-2015","post","type-post","status-publish","format-standard","hentry","category-financial-firms","category-finra","category-libor-scandal","category-royal-bank-of-scotland","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case &#8212; Investor Lawyers Blog &#8212; January 10, 2018<\/title>\n<meta name=\"description\" content=\"Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called &#8212; January 10, 2018\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case &#8212; Investor Lawyers Blog &#8212; January 10, 2018\" \/>\n<meta name=\"twitter:description\" content=\"Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called &#8212; January 10, 2018\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case &#8212; Investor Lawyers Blog &#8212; January 10, 2018","description":"Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called &#8212; January 10, 2018","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/","twitter_card":"summary_large_image","twitter_title":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case &#8212; Investor Lawyers Blog &#8212; January 10, 2018","twitter_description":"Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called &#8212; January 10, 2018","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case","datePublished":"2018-01-10T20:12:42+00:00","dateModified":"2022-03-22T20:18:24+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/"},"wordCount":605,"articleSection":["Financial Firms","FINRA","LIBOR Scandal","Royal Bank of Scotland","Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/","name":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case &#8212; Investor Lawyers Blog &#8212; January 10, 2018","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2018-01-10T20:12:42+00:00","dateModified":"2022-03-22T20:18:24+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Meyers Associates is Fined by FINRA Over Misleading Sales Literature The Financial Industry Regulatory Authority is ordering Meyers Associates, now called &#8212; January 10, 2018","breadcrumb":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-meyers-associates-fined-75k-sales-literature-former-royal-bank-scotland-trader-banned-rigging-libor-ex-credit-union-ceo-sentenced-bank-fraud-case\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.investorlawyers.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Securities News: Meyers Associates Fined $75K for Sales Literature, Former Royal Bank of Scotland Trader is Banned For Rigging Libor, and Ex-Credit Union CEO is Sentenced in Bank Fraud Case"}]},{"@type":"WebSite","@id":"https:\/\/www.investorlawyers.com\/blog\/#website","url":"https:\/\/www.investorlawyers.com\/blog\/","name":"Investor Lawyers Blog","description":"Published By Investment Fraud Attorneys \u2014 Shepherd Smith Edwards &amp; Kantas, LLP","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.investorlawyers.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431","name":"Shepherd Smith Edwards &amp; Kantas, LLP","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/c7f8f04990816cd4044977eb59908da8c8d1ae487cc919cebd7027b74a0740a3?s=96&d=mm&r=g","caption":"Shepherd Smith Edwards &amp; Kantas, LLP"},"sameAs":["https:\/\/www.investorlawyers.com\/"]}]}},"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/pedX9K-wv","_links":{"self":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=2015"}],"version-history":[{"count":3,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2015\/revisions"}],"predecessor-version":[{"id":25247,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/2015\/revisions\/25247"}],"wp:attachment":[{"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=2015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=2015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investorlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=2015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}