Last Updated: February 2025, Vienna, WV
Robert Snider Investigation Summary
Here’s what you need to know about Vienna, WV stockbroker Robert Snider:
- Name: Mr. Robert Roy Snider
- Current Employer: MML Investors Services, LLC
- Prior Employers: MSI Financial Services, Inc., New England Securities Corporation
- Function: Stock Broker/Financial Advisor
- Aliases: Robert Snider
- Primary Location: Vienna, WV
- CRD #: 2417319
- Can Robert Snider be sued in FINRA arbitration: Yes
- Sanctioned by FINRA: No
- Pending Customer Dispute: Annuity Twisting
If you’ve sustained damages from Mr. Snider, discuss your case with experienced investment fraud lawyer Bob Rex at (877) 224-3199 for a free consultation.
Did You Lose Money With Robert Snider As Your Stockbroker?
A FINRA arbitration case (Case No. 24-02567) was filed against Robert Snider on December 4, 2024 alleging that Snider “twisted” their annuities, misrepresented the products, and made recommendations that were not in their best interests, resulting in financial harm.
Key Case Details:
- Allegation: Annuity misrepresentation and unsuitable investment recommendations
- Status: Pending
- Damages Sought: Not currently stated
Additionally, two previous customer disputes related to misrepresentations of annuities were dismissed by the customers with no action taken, highlighting concerns regarding Snider’s handling of annuity investments.
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
Allegations of Broker Misconduct Against Robert Snider
Robert Snider has been involved in multiple customer disputes, with allegations including:
- Annuity “Twisting” and Misrepresentation – Customers claim that Snider misrepresented variable annuities, leading to financial losses.
- Failure to Act in the Best Interests of Clients – The ongoing FINRA arbitration alleges that Snider recommended annuity exchanges that were not suitable for the clients, potentially violating Regulation Best Interest (Reg BI).
- Potential High Fees and Hidden Charges – Complainants allege that they were not properly informed about fees and charges associated with variable annuities, raising concerns under FINRA Rule 2210 (Communications with the Public).
Recover Your Investment Losses Now With Rex Securities Law
Investigations of Other MML Investors Services brokers
If you have suffered investment losses in an account handled by Robert Snider, 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.