Dominic Meyers: $300K REIT Complaint Against Cetera Advisor

San Diego, California financial advisor Dominic Meyers (CRD# 5107939) allegedly recommended an unsuitable investment, according to a recent investor complaint. Financial Industry Regulatory Authority records show that he is registered as a broker with Cetera Wealth Services and an investment advisor with Cetera Investment Advisers, doing business as Lincoln Capital.

Mr. Meyers’ BrokerCheck report discloses two investor complaints. The most recent, filed in October 2025, alleges that as a representative of Independent Financial Group, he recommended an unsuitable non-traded real estate investment trust (REIT). The pending complaint alleges damages of $300,000.

A second investor complaint, filed in 2017, alleged that as a representative of LPL Financial, he breached his fiduciary duty, committed fraud, engaged in unfair business practices, acted negligently, violated California law, and recommended unsuitable investments. The complaint reached a settlement of $275,000.

FINRA has issued multiple investor alerts regarding real estate investment trusts, or REITs. As these materials note, there is particular risk associated with non-traded REITs: that is, products which are not traded on national stock exchanges. “For this reason, non-traded REITs are generally illiquid, often for periods of eight years or more,” states a 2016 investor alert. The resource goes on to explain how non-traded REITs may have limited early redemption opportunities, high fees, and distributions that “include a return of investor principal.” The alert cautions investors to consider that non-traded REITs “are rarely, if ever, suitable for short-term investors,” and pose significant illiquidity risks for long-term investors. According to an earlier investor alert, issued in 2011, distributions from non-traded REITS “are not guaranteed and may exceed operating cash flow.” Furthermore, that alert states, distributions may be suspended or even “halted altogether.”

According to the Financial Industry Regulatory Authority, Dominic Meyers holds 19 years of securities industry experience. Based in San Diego, California, he has been registered as a broker with Cetera Wealth Services since 2022 and an investment advisor with Cetera Investment Advisers since 2023, doing business as Lincoln Capital. His past registrations include Cetera Advisor Networks, Independent Financial Group, LPL Financial, and Tower Square Securities. His credentials include the passage of five securities industry qualifying exams: the Securities Industry Essentials Examination, or SIE; the General Securities Representative Examination, or Series 7; the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the Uniform Securities Agent State Law Examination, or Series 63;. He is licensed in Arizona, California, Florida, Idaho, Indiana, Maine, New Mexico, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Utah, and Washington. (Information current as of November 30, 2025.)

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