DID ROBERT MORGAN VANCE CAUSE YOU INVESTMENT LOSSES?
Robert Vance Formerly With Moloney Securities co., Inc. Has 17 Customer Complaints For Alleged Broker Misconduct
About Robert Vance formerly with Moloney Securities co., Inc.?
Robert Vance (CRD #1887560) has a diverse and lengthy history in the securities industry, though he is not currently registered. Vance’s career spans over three decades, during which he has been affiliated with multiple firms, including Moloney Securities Co., Inc., Ridgeway & Conger, Inc., and several others, evidencing a wide-ranging experience across various financial environments. He has passed six major industry examinations, including the General Securities Representative Examination (Series 7) and the Municipal Securities Principal Examination (Series 51). His professional journey has also been complemented by obtaining two professional designations: Certified Financial Planner and Chartered Financial Consultant, highlighting his broad skill set in financial planning and advisory services.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robert Vance Customer Complaints and Reviews
Robert M. Vance has been involved in 18 reported disclosure events, including one regulatory investigation and 17 customer disputes. Key details include:
- Regulatory Investigation: Initiated by the SEC in May 2023, focusing on potential rule violations of Regulation Best Interest, with the investigation still pending.
- Customer Disputes: Of the 17 disputes, seven have been settled, one was closed with no action, and nine are pending. The settled disputes often involved allegations of suitability and negligence with varying settlement amounts, typically without an admission of wrongdoing by Vance.
Allegations Against Robert Vance
- Regulatory Investigation: Vance is currently under investigation for potentially violating Regulation Best Interest standards, which emphasize the legal obligation to act in the best interests of clients.
- Customer Disputes:
- Suitability and Negligence: Most disputes allege Vance failed to appropriately consider client profiles or investment objectives, leading to unsuitable investment recommendations.
- Negligence: Several claims also cite negligence in managing client accounts, suggesting a lack of due diligence and oversight in investment activities.
Robert Vance Red Flags & Your Rights As An Investor
Of course, Robert Vance 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 Vance at Moloney Securities co., Inc. on alert to review carefully the activity and performance of their accounts and question whether Robert Vance has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at Moloney Securities co., Inc. 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 Moloney Securities co., Inc. Due To Robert Vance
If you have questions about Moloney Securities co., Inc. and/or Robert Vance 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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