Last Updated: December 2023 (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: Stifel Nicolaus & Co.
- Previous Firms: Morgan Stanley, Citigroup Global Markets
- Function: Stock Broker/ Financial Advisor
- Aliases: None
- Primary Location: New York, NY & Miami, FL
- CRD 2064602
- Can Chuck A. Roberts be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: Yes
- Highest Settlement or Award: $202,228
- 14 Pending Customer Dispute Seeks Damages totaling more than $32 Million
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?
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 14 customer cases by customers of Stifel Nicolaus pending seeking total damages in excess of $32,000,000. These claims all relate to recommendations by Chuck A. Roberts to invest in 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.
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
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.
Has Your Brokerage Firm “Denied” Your Claim for Damages Due to Stockbroker Malpractice?
It is quite common, as well as predictable, 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 an end to the problem. In other words, it’s generally a waste of your time to sit down with the office manager & the broker.
Firms seldom, if ever, offer any resolution when a customer deals directly with them, or if they do, will attempt to have you settle your case for a fraction of what it is actually worth.
We suggest that 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.
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.
