Nebraska Broker Barred by FINRA for Exercising Discretion in the Account of an Elderly Client with Dementia

Robert John Head (CRD #240935, Omaha, Nebraska)

was barred by FINRA for allegedly exercising discretion in the account of an elderly client diagnosed with dementia without obtaining the customer’s prior written consent to do so.

Robert Head was in the securities industry for 45 years.

FINRA's findings stated that Head recommended transactions that were qualitatively and quantitatively unsuitable for this client given her financial needs and medical condition.
(FINRA Case #2013038957401)

Robert John Head was previously registered with the following securities firm(s):
08/2008 - 01/2014 STIFEL, NICOLAUS & COMPANY, INCORPORATED (CRD# 793) - OMAHA, NE

05/2004 - 08/2008 WELLS FARGO INVESTMENTS, LLC (CRD# 10582) - OMAHA, NE

10/1997 - 06/2004 ROBERT W. BAIRD & CO. INCORPORATED (CRD# 8158) - MILWAUKEE, WI

09/1992 - 10/1997 SMITH BARNEY INC. (CRD# 7059) - NEW YORK, NY

08/1992 - 09/1992 THE PRINCIPAL/EPPLER, GUERIN & TURNER, INC. (CRD# 260) - DALLAS, TX

01/1992 - 08/1992 PRUDENTIAL SECURITIES INCORPORATED (CRD# 7471) - NEW YORK, NY

02/1978 - 01/1992 DEAN WITTER REYNOLDS INC. (CRD# 7556) - PURCHASE, NY

05/1973 - 02/1978 DEAN WITTER & CO. INCORPORATED (CRD# 6466)
11/1968 - 05/1973 DEAN WITTER & CO. INCORPORATED (CRD# 209)

The summation of information above is from FINRA’s website under "Disciplinary and Other FINRA Actions, December 2014," and ends here.

If you or an elderly family member have experienced financial losses due to your broker/financial advisor's recommendations, please call the Soreide Law Group for a free consultation with an attorney at: 888-760-6552. We represent our clients nationwide before FINRA.