FINRA

Without admitting or denying the findings, Meadows consented to the sanction and to the entry of findings that he failed to provide information and documents and on-the-record testimony requested by FINRA. The findings stated that Meadows' former member firm filed an amended Uniform Termination Notice for Securities Industry Registration (Form U5) disclosing a customer complaint made against him during the period of his association with that firm.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

Indefinite

5/28/2021

Claimants allege their financial adviser recommended investments that were unsuitable for them and failed to repay a loan. Claimants' generally allege failure to supervise, excessive trading, breach of fiduciary duty, and unsuitability.

$168,000.00

$35,000.00

FINRA

Without admitting or denying the findings, Meadows consented to the sanction and to the entry of findings that he excessively and unsuitably traded a senior customer's accounts that resulted in a loss of approximately $39,671. The findings stated that Meadows controlled the trading in these accounts by recommending almost all of the trades. Meadows' trading in the customer's accounts was excessive and unsuitable given the customer's financial circumstances and investment objectives.

Acceptance, Waiver & Consent(AWC)

Suspension

All Capacities

three months

2/18/2020

5/17/2020

In light of Meadows' financial status, no monetary sanction has been imposed.

RR has accepted and consented without admitting or denying th findings.

$58,508.76

Tax

Lien was unknown until now

$208,613.40

Tax

I believe the tax lien filed is incorrect in the amount disclosed and currently I am trying to resolve the matter.

FIRST ALLIED SECURITIES INC.

Permitted to Resign

DURING THE COURSE OF REVIEW OF TRADING ACTIVITY, THE FIRM DETERMINED THAT THE REGISTERED REPRESENTATIVE'S APPROACH INVOLVED ACTIVE TRADING WITH WHICH THE FIRM WAS NOT COMFORTABLE.

FIRST ALLIED STATED: "FIRM DID NOT BELIEVE THT THE REGISTERED REPRESTATIVE'S INVESTMENT METHODOLOGY WAS CONSISTENT WITH ITS OWN."

$11,300.00

Tax

TAX LIEN WAS DUE TO THE SUBMISSION OF A REVISED 1099 BY A PREVIOUS EMPLOYER WITH NO NOTICE OF REVISION SENT TO ME.

CLAIMANT ALLEGES UNAUTHORIZED TRADES AND USE OF MARGIN IN ACCOUNTS. CLAIMANT REQUESTED A VOLUNTARY MEDIATION WITHOUT GOING THROUGH ARBITRATION/LITIGATION

$135,481.71

$50,000.00

COMPLAINT THAT WAS RECEIVED 03/23/2004 CLOSED NO ACTION ON 12/06/2005. CLIENT FILED FOR MEDIATION ON 1/7/2008

CLIENT ALLEGES THAT FINANCIAL ADVISOR "WAS STEALING FROM MOTHER." CLIENT INHERITED HER MOTHER'S ACCOUNT AS A JTWROS AFTER HER MOTHER'S DEATH. DAMAGES UNSPECIFIED.

CLIENT ALLEGES THAT IN "GOING OVER THE MONTHLY STATEMENTS I COULD SEE AS MANY TRANSACTIONS AS 16 IN ONE MONTH AND THAT IS CALLED EXCESSIVE OR IN ANOTHER WORD 'CHURNING' IN YOUR FINANCIAL WORLD . . ." AND ALLEGES THAT BROKER "MOSTLY ACTED WITHOUT MY KNOWING WHAT WAS GOING ON UNTIL I RECEIVED THE MONTHLY STATEMENTS." TIME PERIOD: 2001-2003. ALLEGED DAMAGES: ESTIMATED TO EXCEED $5000.

ALLEGED BREACH OF FIDUCIARY RESPONSIBILITY IN GIVING ADVICE ON THE PURCHASE OF ZAPATA STOCKS.

$6,589.00

$7,826.57

MR. MEADOWS AND J.C. BRADFORD DENY ANY LIABILITY WITH RESPECT TO THE TRANSACTION IN QUESTIONS AND AGREED TO THE SETTLEMENT OF CLAIMS FOR THE SOLE PURPOSE OF AVOIDING THE TIME, EXPENSE AND UNCERTAINTY OF ARBITRATION. THE ALLEGATION IS COMPLETELY UNJUSTIFIED. CUSTOMER-WHO IS NOT EVEN MY CLIENT-CALLED IN REGARDING STOCK. ASKED FOR ZAPATA'S HIGHS AND LOWS WHICH I GAVE HIM OFF THE QUOTE MACHINE. THE CUSTOMER LATER CAME BACK AND SAID THAT THE STOCK NEVER TRADED AT THE HIGH. I SIMPLY QUOTED WHAT MY SCREEN WAS DISPLAYING. QUOTES ARE OFTEN QUOTED WRONG IN A FAST MARKET. CUSTOMER HAD 3 DAYS TO BUST THIS TRADE AND COMPLAIN. HE IS A SOPHISTICATED INVESTOR AND LODGED THIS COMPLAINT AFTER CONSULTING HIS BROKER WHO WORKS IN THIS OFFICE. I HAD NO FIDUCIARY RESPONSIBILITY TO HIM AT ALL!!!