DID ROBIN K RUNCO CAUSE YOU INVESTMENT LOSSES?
Robin Runco Formerly With CFD Investments, Inc., J.W. and Cole Financial, Inc. Has 2 Customer Complaints For Alleged Broker Misconduct
About Robin Runco Formerly With CFD Investments, Inc.?
Robin Runco (CRD #2249156) has an extensive background in the securities industry, though he is not currently registered as a broker. His professional journey includes affiliations with multiple firms, such as CFD Investments, Inc., J.W. Cole Financial, Inc., and Wells Fargo Clearing Services, LLC, among others. Runco has passed three general industry/product exams, including the Series 6, Series 7, and SIE, and two multi-state securities law exams, Series 63 and Series 65. His registrations spanned various states, reflecting a broad licensing reach across the U.S.
Investment Losses? Let’s talk.or, give us a ring at (800) 732-2889.
Robin Runco Customer Complaints and Reviews
- Regulatory Actions (1 Incident)
- Runco faced a FINRA action in January 2024 for failure to comply with an arbitration award or a settlement agreement. This resulted in a suspension, indicating serious non-compliance issues.
- Customer Disputes (2 Incidents)
- Suitability of Investment Recommendations (2020): A client claimed unsuitable investment advice regarding direct investments, which was settled by the firm for $13,000, though Runco did not personally contribute to the settlement.
- Misrepresentations (2006): Allegations were made about misrepresentations related to investments in 2003-2004; however, the claim was denied.
- Terminations (1 Incident)
- Runco was discharged from Wells Fargo Clearing Services in May 2019 due to concerns over the suitability of his investment recommendations and failure to complete required trade approval documentation.
- Financial Disclosures (1 Incident)
- Judgment/Lien (2023): A substantial civil judgment of $1,375,441.22 was filed against him by Wells Fargo Clearing Services, indicating significant financial irresponsibility or disputes.
Allegations Against Robin Runco
- Regulatory Allegations:
- Non-compliance with an arbitration award or a FINRA information request, leading to a suspension.
- Allegations in Customer Disputes:
- Making unsuitable investment recommendations.
- Misrepresentations concerning the terms or expected performance of investments.
- Termination Related Allegations:
- Improper handling of investments and procedural failures in trade approvals.
- Financial Misconduct Allegations:
- The large outstanding judgment indicates severe financial disputes or misconduct, potentially affecting his credibility and trustworthiness as a financial advisor.
Robin Runco Red Flags & Your Rights As An Investor
Of course, Robin Runco 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 Robin Runco at CFD Investments, Inc. and J.W. Cole Financial, Inc. on alert to review carefully the activity and performance of their accounts and question whether Robin Runco has engaged in any stockbroker misconduct that may have caused them investment losses. The large number of customer complaints at CFD Investments, Inc. and J.W. Cole Financial, 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 CFD Investments, Inc. Due To Robin Runco
If you have questions about CFD Investments, Inc., J.W. Cole Financial, Inc., and/or Robin Runco 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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