Last Updated: October 2025 — Newberg, OR
Here’s what you need to know about Newberg, OR stockbroker Robert Scott Smith:
- Name: Robert Scott Smith
- Current Employer: Emerson Equity LLC — registered since 04/03/2020; branch: 22210 NE Sunnycrest Rd., Newberg, OR 97132; main office: 155 Bovet Rd., Suite 725, San Mateo, CA 94402.
- Prior Firms: Concorde Investment Services, LLC (2011–2020); Pacific West Securities, Inc. (2007–2011); Brookstreet Securities Corp. (1996–2007); Toluca Pacific Securities Corp. (1995–1996); Allmerica Investments, Inc. (1993–1994); A.G. Edwards & Sons, Inc. (1990–1993); Merrill Lynch, Pierce, Fenner & Smith Inc. (1985–1990).
- Other Business Affiliations: Peregrine Private Capital (DBA for securities business; Lake Oswego, OR); Aegis Capital Inc. (non-investment related corporate entity); Vector Footwear Re-Imagined (consultant/financial strategist); Cuddies & Co (consultant).
- CRD number: 1412333.
- Stockbroker / Financial Advisor: Yes — General Securities Representative; active in 22 U.S. states/territories; passed SIE, Series 7, Series 3, and Series 63.
- Can Broker be Sued in FINRA: Yes
- Highest Award of Settlement: $425,000
- Current Customer Dispute Seeks Total Damages of: Between $1.000,000 – $2,300,000.
If you’ve sustained damages from Mr. Smith, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert Scott Smith As Your Stockbroker?
Robert Smith discloses numerous prior disputes and one pending dispute. Allegations commonly include unsuitability, negligence, misrepresentation/omissions in connection with private placements/Direct Investments (DPP & LP interests) such as GPB Automotive Portfolio LP and VII Peaks.
- Pending FINRA Arbitration- #25-01880– Alleges violation of commonlaw fraud, breach of fiduciary duty and negligence in connection with recommendation to invest in real estate securities. Damages of between $1 million and $2.3 million sought.
- FINRA Case No. 20-03895 -settled Oct. 2021: Alleged unsuitable recommendations, fraudulent/negligent misrepresentations, and violation of fair-dealing principles for investments made June 2013–Feb. 2018. Settlement: $425,000
- FINRA Case No. 22-00093 settled Jan. 2023: Alleged unsuitability in GPB Automotive Portfolio LP (Mar. 2016–Feb. 2018) and VII Peaks Co-Optivist BDC II (Jan. 2013–Feb. 2014). Settlement: $300,000
- FINRA Case No. 20-00783 – settled Oct. 2020: Alleged unsuitable recommendation, fraud, breach of contract, negligent supervision, breach of fiduciary duty, and Oregon securities-law violations (private placements 2014–2017). Settlement: $265,000.
- FINRA Case No. 19-03723 – settled Jan. 2021: Alleged negligence, breach of fiduciary duty, Oregon Securities Act violations, and breach of contract related to GPB programs (2015–2018). Settlement: $278,250.
- FINRA Case No. 20-00082 – settled Mar. 2021: Alleged violations including FINRA Rule 2111 (suitability) in connection with GPB Automotive Portfolio LP (2017). Settlement: $110,000.
- FINRA Case No. 19-03511 -settled Aug. 2020): Alleged unsuitable recommendations, fraud, failure to supervise and negligence involving VII Peaks and GPB Automotive investments (2014–2017). Settlement: $90,000.
- FINRA Case No. 19-01807 -settled Feb. 5, 2020): Alleged unsuitable sales and negligence tied to private placements (2015–2017). Settlement: $280,000.
- Customer complaint – settled May 2024: Alleged suitability concerns on a DPP/LPinvestment made Nov. 2019. Settlement: $117,747.
Allegations of Broker Misconduct Against Robert Scott Smith
- Unsuitability — recommending illiquid, high-risk private placements inconsistent with a customer’s profile may violate FINRA Rule 2111 (Suitability) and, for retail customers, the SEC’s Regulation Best Interest (Exchange Act Rule 15l-1) care obligation.
- Misrepresentation / Omission of Material Facts (Fraud) — deceptive practices are prohibited by FINRA Rule 2020 (Use of Manipulative, Deceptive or Other Fraudulent Devices) and FINRA Rule 2010 (Standards of Commercial Honor and Principles of Trade).
- Negligence / Breach of Fiduciary-type Duties — customers alleged negligent handling of accounts and recommendations in multiple filings summarized above.
- Common-law Fraud
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Our Investigations of Emerson Equity Brokers
If you have suffered investment losses in an account handled by Robert Scott Smith, contact us for a complimentary consultation with an experienced securities lawyer to learn how you may be able to recover damages through FINRA arbitration.
Firms We Have Pursued On Behalf of Our Clients
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.
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Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.