Windsor Street Capital, formerly known as Meyers Associates, was expelled by FINRA in 2018 following allegations that the firm and its brokers were engaging in abusive and fraudulent conduct regarding their customer accounts.
Brokers at Windsor Street Capital allegedly implemented a predatory and abusive investment strategy, by allegedly seeking out investors with a significant lack of experience and/or knowledge in the investment world.
The brokers allegedly traded accounts so frequently and charged such high commissions that customers had very little chance of making profits through said investments.
After specific customers filed a complaint against Windsor Street Capital, and the firm refused to settle for a fair amount, the case was eventually taken before and arbitration panel. The arbitration in turn awarded the customers approximately $4 million in compensatory and punitive damages to be paid by Windsor Street Capital. After the firm failed to pay the award, they were in turn expelled by FINRA.
Oakes & Fosher dedicates its entire legal practice to helping investors across the nation. If you, or someone you know, have lost money investing with Windsor Street Capital, please contact Oakes & Fosher for a free and private consultation.