March 19, 2013

Rep Fined and Suspended by FINRA for Commingling Funds

Soreide Law Group, PLLC, a Securities Arbitration Law Firm, (888) 760-6552, found the following information on FINRA’s website under “Disciplinary and Other FINRA Actions, March, 2013.”

Robert Keith Brooks aka Robert Keith Stuart (CRD #1571789, Registered Principal, Miami, Florida)
was fined $7,500 and suspended from association with any FINRA member in any capacity for two months. Without admitting or denying the findings, Brooks consented to the described sanctions and to the entry of findings that he commingled his personal funds with investors’ funds for an oil-and-gas offering he solicited through a private placement memorandum.

Brooks raised $87,633.50, which he deposited into a bank account designated as an operating account for the oil-and-gas project. Brooks used the account to pay expenses related to the oil-and-gas project. During the same time period, Brooks deposited $8,912.50 of his personal funds into the bank account where the investors’ funds were deposited, thus commingling the funds.

The suspension is in effect from February 4, 2013, through April 3, 2013.
(FINRA Case #2011030168001)

The following information is from FINRA's BrokerCheck:

Brooks is currently employed by and registered with the following FINRA Firm(s):

FREEDOM INVESTORS CORP.
333 BISHOPS WAY, STE 122
BROOKFIELD, WI 53005
CRD# 23714
Registered with this firm since: 1/20/2012

This broker was previously registered with FINRA at the following brokerage firms:

EZ STOCKS, INC.
CRD# 103866
BROOKFIELD, WI
02/2011 - 06/2012

RICHFIELD ORION INTERNATIONAL, INC.
CRD# 24433
MIAMI, FL
07/2008 - 02/2009

SOURCE CAPITAL GROUP, INC.
CRD# 36719
MIAMI, FL
08/2007 - 05/2008

This ends the information from the FINRA website.

Call Soreide Law Group for a free consultation with an attorney on how to potentially recover your investment losses at 888-760-6552.

Recent Posts

March 28, 2024
Al Lovelace In Investor Disputes Over Annuity Misrepresentation

Soreide Law Group is investigating potential investor claims of sales practice violations possibly committed by securities broker Al Stephen Lovelace [CRD: 2393766, Rutherfordton, North Carolina], given the disclosures on FINRA BrokerCheck. Evidently, Lovelace has worked for Equitable Advisors LLC since December 27, 2016, and worked previously at AXA Advisors LLC from October 2, 2008, to […]

March 28, 2024
KAREN CHUNG of WESTERN INTERNATIONAL

Soreide Law Group is conducting an investigation into WESTERN INTERNATIONAL SECURITIES, INC. of Pasadena, California, financial advisor, KAREN TRAN CHUNG (KAREN CHUNG). According to FINRA’s  BrokerCheck, KAREN CHUNG, has been in the securities industry for 20 years and has been listed with 4 firms.  She is currently listed with, WESTERN INTERNATIONAL SECURITIES, INC., 70 S. […]

March 26, 2024
Stifel Fined $400K by FINRA

According to a recent article in Wealth Management, Stifel will pay over $400,000 to settle FINRA disciplinary charges that the firm allegedly did not properly supervise one of their registered representatives who misappropriated over $100,000 from an elderly client. Stifel agreed to the penalties without admitting or denying FINRA’s findings. In addition to a $400,000 penalty, Stifel […]

Contact us Nationwide USA
2401 E. Atlantic Blvd., Suite 305, Pompano Beach, FL 33062
Helping clients recover money across the USA
search
Copyright © 2022 Soreide Law Group, PLLC  |  All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram