Last Updated: July 2025(New York/ Miami, FL)
Chuck Roberts Investigation Summary
Here’s what you need to know about New York, NY & Miami, FL, stockbroker Chuck Roberts:
- Name: Mr. Chuck A. Roberts
- DBA: The CR Wealth Management Group
- Current Employer: FINRA has barred this individual from acing as a broker or otherwise associating with a broker-dealer firm.
- Previous Firms: Stifel Nicolaus & Co., Morgan Stanley, Citigroup Global Markets
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: New York, NY & Miami, FL
- Other Business Affiliations: Gurneys Resort Inn Spa, CKAGC LLC, Chuck Factor, We Are the Problem
- CRD 2064602
- Can Chuck A. Roberts be sued in FINRA arbitration: Yes
- Sanctioned by Securities Regulators: Yes
- Highest Settlement or Award: $16 million
- 20 Pending Customer Dispute Seeking Millions in Damages
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Chuck Roberts As Your Stockbroker?
Tens of millions have been paid to former customers of Chuck Roberts for making unsuitable recommendations, including the following cases:
In 5/2025 a customer of Stifel Nicolaus was paid $13.5 million to resolve allegations that Chuck Roberts violated the Florida Securities and Protection Act (FS 512) in connection with recommendations to invest in structured notes.
In 4/2025 a customer of Stifel Nicolaus was paid $16 million to settle a FINRA arbitration alleging that Chuck Roberts made recommendations to invest in an outside hedge fund which resulted in significant damages.
In 2013 a FINRA arbitration panel in Los Angeles awarded a customer from Citigroup Global Markets $202,228. The customer alleged that Chuck A. Roberts made unsuitable and unauthorized trades in their account.
There are currently pending 20 cases filed by customers of Stifel Nicolaus seeking millions of dollars of damages for the mismanagement of their accounts. These claims relate to recommendations by Roberts to invest in various structured notes and hedge funds.
Two other customers of Stifel Nicolaus recently brought claims related to structured notes and the firm denied these claims. Apparently, the customers have not pursued the matter further. See below for our advice if you complain to a broker dealer that your account has been mishandled and the firm “denies” your claim.
In 2010 Chuck Roberts was sanctioned by Illinois securities regulators and FINRA.
In 7/2025 FINRA barred Chuck Roberts from acting as a broker. The matter originated from FINRA’s review of customer arbitrations filed against Robert’s member firm alleging that recommendations to invest in structured products were not in the best interest of the customers and that Roberts inaccurately described the products. While Roberts initially cooperated with the FINRA investigation, he later refused to appear for on the record testimony, leading to sanctions.
Structured Products: Sometimes referred to as market-linked investments, Structured Products are pre-packaged investments whose performance is linked to an underlying asset, product or index. ( a single security, basket of securities, options, indicies, commodities, debt issuance, foreign currencies or derivatives). See this for FINRA’s Investor Insights “Understanding Structured Notes with Principal Protection”
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
Allegations of Broker Misconduct Against Chuck Roberts
Customers of Chuck A. Roberts have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Investment Recommendations to invest in structured notes
- Unsuitable Investment Recommendations to invest in hedge fund
- Unauthorized Trading
- Failed to discuss risk profile
- Common Law Fraud
- Violation of Florida Securities and Investor Protection Act
- Violation of New Jersey Uniform Securities Act
- Violation of California Corporations Code
- Violation of Best Interest Rule
- Breach of Fiduciary Duty
- Violation of ERISA
- Inaccurately described structured products
The Financial Industry Regulatory Authority (FINRA) is the agency that licenses and regulates stockbrokers and brokerage firms. FINRA requires brokers and brokerage firms to report customer complaints and disputes as well as regulatory sanctions. In addition brokers are required to disclose certain financial matters such as personal bankruptcies, judgments and liens.
Recover Your Investment Losses Now With Rex Securities Law
If you have suffered investment losses in an account handled by Chuck A. Roberts, 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.