DID ROBERT BRUCE EBERST JR CAUSE YOU INVESTMENT LOSSES?
Robert Eberst, Jr. Of LPL Financial LLC Has 3 Customer Complaints For Alleged Broker Misconduct
About Robert Eberst, Jr. Of LPL Financial LLC?
Robert Eberst, Jr. (CRD #2656135) is currently registered with LPL Financial LLC and Independent Advisor Alliance, LLC in Boca Raton, Florida, since 2009 and 2014 respectively. He is licensed across 41 U.S. states and territories and affiliated with one Self-Regulatory Organization. Eberst has passed four general industry/product exams including the Series 7 and Series 31, and one multi-state securities law exam, Series 63. His career includes prior registrations with several firms, including Independent Financial Partners and Mutual Service Corporation, demonstrating a lengthy tenure in various financial advisory capacities.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robert Eberst, Jr. Customer Complaints and Reviews
- Customer Disputes (3 Incidents)
- Dispute over Unauthorized Withdrawal (2001-2005): A claim involved an unauthorized withdrawal from a client’s annuity, with the allegation that the funds were never rendered to the client. The complaint, which sought $116,139.20 in damages, was received on February 19, 2020, and denied on March 16, 2020.
- Unsuitable Investment Claim (2006): Allegations were made that an unsuitable investment was recommended, leading to a dispute filed on July 25, 2012, with alleged damages of $49,567.29. This was also denied on September 20, 2012.
- Complaint Regarding Annuity Suitability (2006): A Power of Attorney claimed that an annuity sold was unsuitable for the clients, with a request for a full return of the premium paid ($60,000). The complaint received on March 30, 2009, was denied on June 30, 2009.
- Financial (1 Incident)
- Compromise with Creditor (2014): Eberst reached a compromise with Nationstar Mortgage over an original debt of $26,256.37, which was settled for $9,000 on June 23, 2014.
Allegations Against Robert Eberst, Jr.
- Allegations in Customer Disputes:
- Unauthorized Withdrawal: Accusation of conducting an unauthorized withdrawal from a client’s annuity, which the broker denied, attributing it to the client’s mis recollection of their own withdrawal actions.
- Unsuitable Investment Recommendations: Allegations that the investments recommended did not suit the clients’ profiles were denied by the firm, asserting that the investments matched the clients’ stated objectives.
- Annuity Suitability Concerns: Concerns raised by a Power of Attorney about the suitability of an annuity product, which was also denied by the firm, reaffirming the alignment with the clients’ investment goals.
Robert Eberst, Jr. Red Flags & Your Rights As An Investor
Of course, Robert Eberst, Jr. 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 Robert Eberst, Jr. at LPL Financial LLC on alert to review carefully the activity and performance of their accounts and question whether Robert Eberst, Jr. has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at LPL Financial LLC also raises questions about the brokerage firm’s 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 LPL Financial LLC Due To Robert Eberst, Jr.
If you have questions about LPL Financial LLC and/or Robert Eberst, Jr. 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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