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 — 12 customer disputes are reported on BrokerCheck (nearly all resolved by settlement).
- Highest Award of Settlement: $425,000 (FINRA Case No. 20-03895; settled 10/11/2021).
- Current Customer Dispute Seeks Total Damages of: None currently pending per BrokerCheck; recent matters show final dispositions/settlements.
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?
Below are representative customer disputes and outcomes reported on FINRA BrokerCheck. Allegations commonly include unsuitability, negligence, misrepresentation/omissions, and failure to supervise in connection with private placements/Direct Investments (DPP & LP interests) such as GPB Automotive Portfolio LP and VII Peaks BDC II.
- FINRA Case No. 20-03895 (filed Nov. 24, 2020; settled Oct. 11, 2021): Alleged unsuitable recommendations, fraudulent/negligent misrepresentations, and violation of fair-dealing principles for investments made June 2013–Feb. 2018. Settlement: $425,000 (no individual contribution).
- FINRA Case No. 22-00093 (filed Jan. 2022; disposition Jan. 12, 2023): Alleged unsuitability in GPB Automotive Portfolio LP (Mar. 2016–Feb. 2018) and VII Peaks Co-Optivist BDC II (Jan. 2013–Feb. 2014). Monetary compensation: $300,000 (matter evolved into arbitration and settled).
- FINRA Case No. 20-00783 (filed Mar. 9, 2020; settled Oct. 19, 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 (filed Dec. 17, 2019; settled Jan. 7, 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 (filed Jan. 8, 2020; settled Mar. 19, 2021): Alleged violations including FINRA Rule 2111 (suitability) in connection with GPB Automotive Portfolio LP (2017). Settlement: $110,000.
- FINRA Case No. 19-03511 (filed Nov. 25, 2019; settled Aug. 11, 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 (filed Jun. 25, 2019; settled Feb. 5, 2020): Alleged unsuitable sales and negligence tied to private placements (2015–2017). Settlement: $280,000.
- Customer complaint (received Nov. 8, 2022; settled May 9, 2024): Alleged suitability concerns on a DPP/LPinvestment made Nov. 2019. Settlement: $117,747.88.
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).
- Failure to Supervise — firms must establish and enforce written supervisory procedures over private-placement sales (FINRA Rule 3110). Allegations in several cases include negligent supervision.
- Negligence / Breach of Fiduciary-type Duties — customers alleged negligent handling of accounts and recommendations in multiple filings summarized above.
Recover Your Investment Losses Now With Rex Securities Law
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.
Most cases are handled on a contingent fee basis, meaning that you do not pay legal fees unless we are successful.