Last Updated: April 2025 — Minneapolis, MN
Here’s what you need to know about Minneapolis, MN, stockbroker Robert Herje:
- Name: Mr. Robert Anders Herje
- Current Employer: Northland Securities, Inc. / Northland Asset Management
- Office Address: 150 South Fifth Street, Suite 3300, Minneapolis, MN 55402
- Function: Stockbroker / Financial Advisor
- CRD Number: 1496687
- FINRA Sanctions: None
- Highest Award or Settlement: $122,500
- Pending Dispute Seeks Damages of Unspecified Amount
If you’ve sustained damages from Mr. Herje, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money with Robert Herje As Your Stockbroker?
A former customer of Northland Securities filed a FINRA arbitration case against Robert Herje in February 2022 (Case #22-00301), alleging that Herje overconcentrated their portfolio in illiquid investments dating back to 2012 and made unsuitable investment recommendations involving Direct Participation Programs (DPPs) and Limited Partnerships (LPs). The matter was resolved in August 2023, with a settlement of $59,500.
Another case (FINRA Case #19-02679), filed in September 2019, another customer of Northland Securities alleged that Mr. Herje made unsuitable recommendations in DPPs and LPs That case settled for $122,500 in March 2022.
In currently pending FINRA arbitration (Case #24-01692) filed in August 2024, a customer of Northland Securities alleges that Mr. Herje misrepresented the risks of non-traded REITs. A damage amount has not yet been specified in this matter.
See this for more information on REITs and Other Alternative Investments
Alternative Investments: These are assets that are not stocks, bonds or cash. Alternative investments generally fall within five categories: hedge funds, private capital, natural resources (oil and gas, energy), real estate (REITs) and infrastructure. They are typically less liquid that conventional investments, less regulated with higher fees and generally higher risk. For more investigations involving Alternative Investments, see this.
Allegations of Broker Misconduct Against Robert Herje
Robert Herje has been the subject of multiple customer complaints by customers of Northland Securities concerning his conduct as a financial advisor:
- Unsuitable Investment Recommendations:
- Overconcentration in Illiquid Products
- Misrepresentation of Risk
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
If you have suffered investment losses in an account handled by Robert Herje, 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.