DID NORMAN ARNOLD ROBBINS CAUSE YOU INVESTMENT LOSSES?
Norman Robbins Of Ameriprise Financial Services, LLC And Formerly With Cetera Advisor Networks LLC and Summit Brokerage Services, Inc. Has 6 Customer Complaints For Alleged Broker Misconduct
About Norman Robbins Of Ameriprise Financial Services, LLC?
Norman Robbins (CRD #731352) has a lengthy career in the financial services industry. He is currently employed with Ameriprise Financial Services, LLC in Boca Raton, Florida, since January 3, 2020. Robbins has previously worked for several firms, including Cetera Advisor Networks LLC, Summit Financial Group Inc., Summit Brokerage Services, Inc., Wachovia Securities Financial Network, Inc., and JWGenesis Securities, Inc. He has passed one principal/supervisory exam, two general industry/product exams, and two multi-state securities law exams, demonstrating a comprehensive knowledge of industry regulations and investment products. Robbins is registered with one Self-Regulatory Organization (SRO) and is licensed in 21 U.S. states and territories.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Norman Robbins Customer Complaints and Reviews
Norman Arnold Robbins has several negative disclosures, including regulatory events and customer disputes:
- Regulatory Event (1 incident):
- Date: March 12, 1990
- Regulatory Action: Maryland Securities Commissioner accepted a consent order where Robbins consented to adhere to the Maryland Securities Act and the associated rules and regulations. This action also included a $500 fine.
- Customer Disputes (6 incidents):
- Dispute 1 (Award):
- Date: December 26, 1989
- Allegations: Breach of contract related to equity listed products.
- Outcome: Awarded to the customer on October 30, 1990, for $2,327.90.
- Dispute 2 (Settled):
- Date: October 2, 2020
- Allegations: Overconcentration in real estate investments, commodity funds, and energy stocks.
- Outcome: Settled on July 16, 2021, for $10,000.
- Dispute 3 (Settled):
- Date: September 29, 2020
- Allegations: Unsuitable investment recommendations, misrepresentations, and omissions of material information.
- Outcome: Settled on September 3, 2021, for $40,000.
- Dispute 4 (Settled):
- Date: July 26, 2001
- Allegations: Unsuitable recommendations related to equity-OTC products.
- Outcome: Settled on November 23, 2001, for $9,990.
- Dispute 5 (Settled):
- Date: January 22, 2001
- Allegations: Unsuitable trades and misrepresentation related to municipal debt.
- Outcome: Settled on November 20, 2001, for $2,000.
- Dispute 6 (Settled):
- Date: September 14, 1990
- Allegations: Fraud, deceit, breach of fiduciary duties, and negligence.
- Outcome: Settled on July 19, 1993, for $15,000.
- Dispute 1 (Award):
Allegations Against Norman Robbins
The specific allegations and accusations against Norman Arnold Robbins include:
- Regulatory Action:
- Failure to amend Form U-4, resulting in a consent order and a $500 fine by the Maryland Securities Commissioner.
- Customer Disputes:
- Breach of Contract: Multiple allegations involving breach of contract and unsuitable investment recommendations, particularly related to equity listed products, real estate investments, and municipal debt.
- Misrepresentation and Fraud: Allegations of misrepresentation, fraud, deceit, and breach of fiduciary duties, leading to significant settlements to avoid further litigation costs.
Norman Robbins Red Flags & Your Rights As An Investor
Of course, Norman Robbins did not admit to any of the allegations. But regardless of whether an arbitration award was entered, a settlement occurred, or the customer complaint is still pending, the allegations made by customers are red flags which should put all current and former customers of Norman Robbins at Ameriprise Financial Services, LLC Cetera Advisor Networks LLC and Summit Brokerage Services, Inc. on alert to review carefully the activity and performance of their accounts and question whether Norman Robbins has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Ameriprise Financial Services, LLC, Cetera Advisor Networks LLC, and Summit Brokerage Services, Inc. also raises questions about the brokerage firms’ supervisory practices. If these red flags raise questions, call us and we will inform you of your rights as an investor.
Did You Lose Money Because of Broker Misconduct?
If you have lost money due to negligence or fraud by a stockbroker or advisor, the easiest way to know if you have a case is to call our office at 800-732-2889. Our investment fraud attorneys will evaluate your claim for free and let you know if we can help you recover your losses.
Need Legal Help? Let’s talk.or, give us a ring at 561-338-0037.
File A Claim To Recover Your Investment Losses At Ameriprise Financial Services, LLC Due To Norman Robbins
If you have questions about Ameriprise Financial Services, LLC, Cetera Advisor Networks LLC, Summit Brokerage Services, Inc. and/or Norman Robbins and the management or performance of your accounts, please contact Attorney Pearce for a free initial consultation via email or Toll Free at 1-800-732-2889.
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