Last Updated: December 2024 (Leesburg, VA – Nashville, TN – Metarie, LA – Boca Raton, FL)
Robert Ronald O’braitis Investigation Summary
Here’s What You Need to Know About Advisor Robert Ronald Obraitis:
- Name: Robert Ronald O’braitis
- Current Employer: Cambridge Investment Research, Inc.
- DBA: LPWM Group, Landsdowne Private Wealth Management, Nashville Private Wealth Management, New Orleans Private Wealth Management, Boca Raton Private Wealth Management, O’Braitis Investments
- Prior Employers:
- AXA Advisors, LLC (2009–2014)
- ING Financial Partners, Inc. (2002–2009)
- Prudential Securities Incorporated (1998–2002)
- Function: Stockbroker / Financial Advisor
- Aliases: Robert O’Braitis
- Primary Locations: Leesburg, VA, Nashville, TN, Metarie, LA, Boca Raton, FL
- CRD Number: 2124486
- Can Robert O’Braitis Be Sued in FINRA Arbitration: Yes
- Sanctioned by FINRA: No
- Numerous Customer Complaints Denied by Firm: Yes
- Highest Settlement or Award: $62,500
If you’ve sustained damages from Mr. O’Braitis, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert O’Braitis as Your Advisor?
Robert O’Braitis has a history of customer disputes, including settled matters an arbitration award and several disputes that were denied after the customer made a complaint . Some key disclosures include:
- NASD Arbitration Award – $19,280
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- Date: May 30, 1997-alleged suitability, common law fraud, breach of contract.
- Customer Settlement – $62,500
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- Date: January 6, 2000
- Allegations: Mishandling of account and improper handling of options and equity investments.
- Individual Contribution: Mr. O’Braitis personally contributed $25,000 to the settlement and his employing firm paid the rest.
Additionally, multiple disputes alleging account mismanagement, unsuitable recommendations, and misrepresentations have been denied by the firm, including a complaint made in 11/2024 when a customer of Cambridge Investment Research alleged mismanagement of their IRA causing $100,000 in damages. The firm “denied” that claim and it appears from the public record that the customer has not pursued the matter further at this date.
See our comment below regarding customer claims that have been submitted to firms and then denied.
Allegations of Broker Misconduct Against Robert O’Braitis
Customers have alleged the following misconduct against Robert O’Braitis:
- Misrepresentation: Providing misleading or incomplete information regarding investment products.
- Unsuitable Investment Recommendations: Allegations of recommending investments that were not aligned with the client’s risk tolerance and financial goals.
- Account Negligence: Mishandling accounts, particularly involving equity-listed securities and options.
- Fraud and Breach of Contract: Claims of common law fraud and contractual breaches related to investments.
Relevant FINRA Rule 2111 (Suitability Rule) may apply to allegations regarding inappropriate investment recommendations. Additionally, FINRA Rule 2010 (Standards of Commercial Honor) underscores the requirement for ethical and professional conduct by brokers.
FINRA Rule 2010-states that a member: “in the conduct of its business, shall observe high standards of commercial honor and just and equitable principles of trade.”
FINRA Rule 2111- suitability – Regulation Best Interest
Damages Due to Stockbroker Malpractice?
It is quite common (and predictable as well) for brokerage firms to deny a customer’s complaint made directly to the company. Firms know that in many, if not most, instances telling the customer “we don’t think it’s our fault” will be the end to the problem.
Firms seldom, if ever, offer adequate resolution when a customer deals directly with the brokerage firm. In the unlikely event the firm does actually agree to discuss settlement , the firm will generally attempt to have you settle your case for a fraction of what it is worth.
If you think there is a problem with the way your account has been handled, or if you have had your claim “denied”, talk to an experienced securities attorney to learn your rights and to learn what the true value of your claim may be.
Recover Your Investment Losses Now With Rex Securities Law
Investigations of other Cambridge Investment Research brokers
If you have suffered investment losses in an account handled by Robert R. O’Braitis, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
With offices in Boca Raton, FL, and Austin, TX, stockbroker fraud attorney Bob Rex provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers, financial advisors, and broker-dealers.
If you have questions about how your account has been handled, call (877) 224-3199 to speak with an experienced securities attorney at no cost to you.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.