Robert Mooney Investigation
July 2022-Forney, TX
According to publicly available records Robert Wayne Mooney a currently unregistered broker who last worked for Allstate Financial Services, discloses a final regulatory matter resulting in a permanent bar from the industry.
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.
In 4/2022 without admitting or denying the findings, Mooney consented to the sanction and to the entry of findings that he refused to appear for on-the-record testimony requested by FINRA in connection with it’s allegations in a Form U5 filed by his member firm. The findings stated that Mooney had left while under investigation after allegations of having an unauthorized ownership interest in an independent insurance agency and referring property and casualty insurance customers to said agency. Mooney was permanently barred from FINRA in all capacities.
If you have suffered losses in an account handled by Robert Mooney, contact us for a no charge consultation to learn how you may be able to recover damages through FINRA arbitration.
Rex Securities Law , with offices in Boca Raton, FL, and Austin, TX, provides representation to investors nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.
Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.
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