The Financial Industry Regulatory Authority (FINRA) reports that Benchmark Investments terminated its arrangement with Roberts (CRD#: 1226665, Stockbridge, Georgia) as a securities broker amid misconduct allegations. It appears that two other firms also parted ways with Roberts, and a client lodged a dispute about his sales practices. Let’s take a closer look at these allegations against the securities broker.
Evidently, John Roberts worked as a securities broker for Benchmark Investments between October 2019 and July 2020. The firm discharged him, meaning that it terminated him as a securities broker for alleged misconduct. According to Benchmark Investments, Roberts did not follow “firm procedures and industry standards of conduct.”
Also, it appears that a client of IFS Securities disputed John Roberts’ sales practices in May 2020. Specifically, the client alleged “unsuitable investments” relating to a variable annuity. Basically, suitability relates to an investor’s risk tolerance, investment objectives, and other important information affecting the appropriateness of investments. It appears that IFS Securities settled this matter by making an $8,100 payment to the client in June 2020. John Roberts denies the client’s allegations.
BrokerCheck also reports that Roberts worked for Raymond James Financial Services, who discharged him for allegedly not being comfortable supervising because of a letter of caution that he received from NASD. That letter purportedly pertained to his submission of inaccurate information on variable annuities.
Not only that, but Morgan Keegan Company discharged Roberts because he allegedly submitted inaccurate and improper annuity applications.
Did John Roberts cause you to incur investment losses? If so, call Soreide Law Group at (888) 760-6552 and speak with an experienced securities lawyer about a potential recovery. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The firm has recovered compensation for hundreds of United States investors who experienced damages from their financial advisors or securities brokers. Please note that Roberts denies all allegations of his sales practice violations.
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