Last Updated: May 2025 – Westlake Village, CA
Here’s what you need to know about Westlake Village, CA, stockbroker Robert Sessa:
- Name: Mr. Robert Vincent Sessa
- Current Employer: Western International Securities, Inc.
- Prior Employers: Financial West Group, PaineWebber Incorporated, Oppenheimer & Co., Shearson Lehman Brothers, Dean Witter Reynolds
- DBA: Sessa Wealth Management
- Function: Stockbroker / Registered Investment Advisor
- Primary Location: Westlake Village, CA
- Alias: Bob Sessa
- CRD: 1026924
- Can Robert Sessa be sued in FINRA arbitration? Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $175,000
- Total Customer Disputes: 6
If you’ve sustained damages from Mr. Sessa, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert Sessa as Your Stockbroker?
Mr. Robert Sessa, currently registered with Western International Securities, has been the subject of multiple customer complaints alleging misconduct in the handling of investment accounts.
A significant arbitration award of $165,000 was issued against him in March 2016 (FINRA Case #14-01070). The complaint alleged that Sessa failed to provide the attention needed for the client’s investments and portfolio, which led to a significant degradation of the accounts. The investments involved included REITs, oil & gas, DPP & LP interests, and tenants-in-common (TIC) investments.
Other resolved disputes include:
- A $150,000 settlement related to unsuitable mutual fund investments (NASD Case #04-01704).
- A $175,000 settlement concerning unsuitable and inappropriate investment selections, including mutual funds and listed equities (NASD Case #02-04054).
- A $95,000 settlement over excessive and speculative trading in equities and ETFs (FINRA Case #11-00869).
- A $45,937 settlement in 2025 regarding underperformance of alternative investments.
Allegations of Broker Misconduct Against Robert Sessa
Clients of Robert Sessa have made the following allegations in relation to his management of their accounts:
- Failure to provide adequate attention to client investments and portfolios
- Recommending and trading in speculative and unsuitable investments
- Excessive trading and making transactions without proper client authorization
- Poor performance of alternative investments
These claims may violate FINRA Rule 2111, which mandates that brokers must have a reasonable basis to believe that a recommended transaction or investment strategy is suitable for the customer based on the customer’s investment profile. Additionally, the allegations may implicate FINRA Rule 2010, which requires brokers to observe high standards of commercial honor and just and equitable principles of trade.
See this for more information on REITs and Other Alternative Investments
What is Excessive Trading (Churning)?
Churning According to U.S. Securities and Exchange Commission (SEC)
Other Investigations Involving Churning
Recover Your Investment Losses Now With Rex Securities Law
Investigations involving other Western International Securities brokers
If you have suffered investment losses in an account handled by Robert Sessa, 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.