DID ROBERT LLOYD OMOHUNDRO CAUSE YOU INVESTMENT LOSSES?
Robert Omohundro Of Alexander Capital, L.P. Has 6 Customer Complaints For Alleged Broker Misconduct
About Robert Omohundro of Alexander Capital, L.P.?
Robert Omohundro (CRD #2415942) Located in Roswell, GA, has over 30 years of experience in the securities industry, having been registered with multiple firms since 1993. He has worked for 12 firms, including Alexander Capital, L.P., Centaurus Financial, Inc., and J.P. Turner & Company. He is currently employed with Alexander Capital Wealth Management LLC as an investment adviser and Alexander Capital, L.P. as a registered broker since May 2020. He holds licenses in 27 U.S. states and territories and has passed four industry exams, including the General Securities Principal Exam (Series 24) and the General Securities Representative Exam (Series 7). During his career, Omohundro faced terminations, notably from J.P. Turner & Company in March 2015 and Centaurus Financial in April 2020. These events involved allegations of misconduct related to sales practices and investments.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robert Omohundro Customer Complaints and Reviews
Robert Omohundro has six customer disputes disclosed in his FINRA record, alongside other regulatory and employment-related disclosures.
- Customer Dispute 1 (1998):
- Complaint: of margin trade misuse for commissions, claiming $45,000 in losses.
- Outcome: The firm denied the claim based on the client’s trading sophistication.
- Customer Dispute 2 (2004):
- Complaint:: of unauthorized trading and unsuitability, claiming losses of $154,419. Settled in 2006 for $25,000.
- Customer Dispute 3 (2011):
- Complaint: A client alleged misrepresentation regarding a retirement account.
- Outcome: The complaint was denied by the firm in 2012.
- Customer Dispute 4 (2015):
- Complaint: Claims of misrepresentation, unsuitability, and negligence, seeking $15 million in damages.
- Outcome: Settled for $6,516 in March 2016.
- Customer Dispute 5 (2021)
- Complaint: Allegations of unsuitable investments in real estate securities.
- Outcome: The case resulted in a $5,000 settlement in September 2022.
- Customer Dispute 6 (2024)
- Complaint: of unsuitable recommendations in illiquid investments. The case is pending with FINRA arbitration.
Allegations Against Robert Omohundro
Key Allegations in Disclosures:
- Unsuitability and Overconcentration: Several cases (e.g., 2021 and 2015) involve claims of recommending unsuitable or overly concentrated investments, often in alternative or illiquid securities such as real estate holdings.
- Misrepresentation and Negligence: Claims include breaches of fiduciary duty and violations of securities laws, leading to client losses. The 2015 case alleged damages up to $15 million but settled for a significantly smaller amount.
- Unauthorized Trading: A 2004 case alleged unauthorized trade leading to six-figure losses, settled for $25,000.
Robert Omohundro Red Flags & Your Rights As An Investor
Of course, Robert Omohundro 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 Omohundro at Alexander Capital, L.P. on alert to review carefully the activity and performance of their accounts and question whether Robert Omohundro has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Alexander Capital, L.P. 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 Alexander Capital, L.P. Due To Robert Omohundro
If you have questions about Alexander Capital, L.P. and/or Robert Omohundro 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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