Cornerstone Wealth Management, LLC. Review

Chris Meacham of Cornerstone Wealth Management puts clients into bad investment that lose money and/or go bankrupt. These guys come accross as professional and likable, but in reality every decsision they make is for their own benenfit. They are dirty… | Meacham has multiple complaints, allegation and licenses suspensions against him and his firm. | brokercheck.finra.org/individual/summary/1366969 | 1. January 29, 2014 A FINRA ARBITRATION PANEL RULED IN FAVOR OF A FORMER CLIENT AND AGAINST CORNERSTONE AND MR. MEACHAM IN CONNECTION WITH A DISPUTE ARISING OUT OF A REAL ESTATE PRIVATE PLACEMENT TRANSACTION IN WHICH THE CLIENT WAS ONE OF SEVERAL INVESTORS. OVER THE STRONG OPPOSITION OF ADVISER, THE ARBITRATION PANEL AWARDED THE CLIENT COMPENSATORY AND EXEMPLARY DAMAGES IN THE AMOPOUNT OF $176,750. | 2. January 2006 – LICENSE SUSPENSION – MEACHAM FAILED TO PROMPTLY AMEND HIS UNIFORM APPLICATION FOR SECURITIES INDUSTRY REGISTRATION OR TRANSFER (FORM U4) TO DISCLOSE MATERIAL INFORMATION AND CONSENTED TO SANCTIONS AND TO THE ENTRY OF FINDINGS, THEREFORE HE IS SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR 10 BUSINESS DAYS AND FINED $5,000. THE FINE SHALL BE DUE AND PAYABLE EITHER PRIOR TO REASSOCIATION WITH A MEMBER FIRM FOLLOWING THE SUSPENSION OR PRIOR TO ANY APPLICATION OR REQUEST FOR RELIEF FROM ANY STATUTORY DISQUALIFICATION RESULTING FROM THIS OR ANY OTHER EVENT OR PROCEEDING, WHICHEVER IS EARLIER. SUSPENSION EFFECTIVE MARCH 6, 2006, TO MARCH 17, 2006. FINE PAID 07/10/2007.

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Name: Cornerstone Wealth Management, LLC.

Country: United States

State: California

City: San Diego

Address: 16935 W Bernardo Drive

Phone: (858) 676-1000

Website: www.cornerstonewm.com/

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