Last Updated: April 2024 (Atlanta, GA)
Robert Omohundro Investigation Summary
Here’s what you need to know about Atlanta, GA, stockbroker Robert Omohundro:
- Name: Mr. Robert Lloyd Omohundro
- Current Employer: Alexander Capital, Alexander Capital Wealth Management (RIA)
- DBA:Highland Capital Brokerage, LCore Wealth Management LLC
- Previous Firms: Centaurus Financial, J.P Turner & Co.
- Function: Stock Broker/ Financial Advisor/ Registered Investment Advisor
- Aliases: Robert Omohundro
- Primary Location: Atlanta, GA
- CRD 2415942
- Can Robert Omohundro be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Highest Settlement or Award: $25,000
- Pending Customer Dispute Seeks Damages of Unspecified Amount
Discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert Omohundro As Your Stockbroker?
A customer of Centaurus Financial filed a FINRA arbitration in 1/2024 alleging that Robert Omohundro recommended unsuitable investments and investment strategies in various illiquid alternative investments. No specific amount of damages has been stated yet in this currently pending matter.
Omohundro discloses several prior settlements of customer disputes involving unsuitable investments as well as overconcentrated positions. He also settled a case with a customer who alleged unauthorized trading in equity securities and mutual funds.
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.
Allegations of Broker Misconduct Against Robert Omohundro
Customers of Robert Omohundro have alleged the following wrongdoing in connection with the handling of customer accounts:
- Unsuitable Recommendation to Invest in illiquid alternative investments
- Unauthorized Trading
[LEARN MORE]: Solicited vs Unsolicited Trades
[LEARN MORE]: What is Unauthorized Trading?
[LEARN MORE]: Other Cases Involving Unauthorized Trading
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
[LEARN MORE]: Investigations of other Alexander Capital brokers
If you have suffered investment losses in an account handled by Robert Omohundro, 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.
