Rex Securities Law Investment Fraud Attorney Investigates Cetera Broker Bob Westbrook

Rex Securities Law Investment Fraud Attorney Investigates Cetera Broker Bob Westbrook

Rex Securities Law Investment Fraud Attorney Investigates Cetera Broker Bob Westbrook 150 150 Robert Rex, Esq.

Last Updated: January 2025 (Scottsdale, AZ)

Bob Westbrook Investigation Summary

Here’s what you need to know about Scottsdale, AZ Stockbroker Robert J. Westbrook:

  • Name: Robert John Westbrook
  • Current Employers:
    • Cetera Advisor Networks LLC (CRD# 13572) since May 2, 2014
    • Cetera Investment Advisers LLC (CRD# 105644) since June 29, 2023
  • Prior Employers:
    • New England Securities (1991–2014)
    • MML Investors Services, Inc. (1986–1990)
  • DBA: Westbrook Financial Services, Affiliated Wealth Advisors
  • Function: Stockbroker / Registered Investment Advisor
  • Primary Location: Scottsdale, AZ
  • CRD Number: 1189454
  • Can Robert Westbrook Be Sued in FINRA Arbitration: Yes
  • Sanctioned by FINRA: No
  • Pending Customer Dispute: Yes

If you’ve sustained damages from Mr. Westbrook, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.

Did You Lose Money With Robert Westbrook as Your Stockbroker?

A customer dispute is currently pending against Robert Westbrook, alleging that unsuitable investments in real estate securities were recommended. Details of the case include:

  1. Customer Dispute – Pending
    • Date of Filing: October 21, 2024
    • Allegations: Claimant alleges they were recommended unsuitable investments.
    • Product Type: Real Estate Security
    • FINRA Case Number: 24-02280
    • Arbitration Forum: FINRA Dispute Resolution, Chicago, IL
    • Damages Sought: Unspecified at this time.

Allegations of Broker Misconduct Against Robert Westbrook

Customers and regulatory filings have alleged the following misconduct against Robert Westbrook:

  • Unsuitable Investment Recommendations: Allegations involve the recommendation of investments that did not align with the client’s financial objectives, possibly violating FINRA Rule 2111 (Suitability Rule).
  • Failure to Act in the Client’s Best Interests: Claims that Mr. Westbrook breached fiduciary duties by failing to ensure investments were appropriate for the client’s risk tolerance and financial goals.

Firms Have a Duty to Supervise their Financial Advisors (FINRA Rules 3110 & 2090)

Brokers and their firms have a duty to comply with the FINRA suitability rule which requires that they have a reasonable basis to believe that a recommendation is suitable for the customer.

FINRA Rule 2111- suitability -Regulation Best Interest

Recover Your Investment Losses Now With Rex Securities Law

Our Investigations of other Cetera brokers

If you have suffered investment losses in an account handled by Robert J. Westbrook, 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.

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