Investors have come forward with complaints about securities broker Robert Thomas Crothers (CRD: 1648677, Holbrook, New York). Notably, the securities broker, who worked for American Portfolios Financial Services Inc., discloses client disputes via Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, American Portfolios Financial Services Inc. clients allege that Crothers gave unsuitable advice, acted unethically, breached a contract, breached a fiduciary duty, and was negligent. For more on these disclosures about Crothers, see below.
American Portfolios Financial Services Inc. Investor Accuses Crothers Of Unsuitable Recommendations
Also, an American Portfolios Financial Services Inc. client filed FINRA Arbitration: 21-02596 about Robert Crothers. Namely, the client alleged that Crothers made unsuitable recommendations, acted unethically, breached a contract, breached a fiduciary duty, and was negligent. Because of this, the client allegedly sustained damages on real estate securities and stocks. Therefore, on June 7, 2022, American Portfolios Financial Services Inc. settled this matter by paying the client $55,000 in damages.
Robert Crothers Discloses Negligence Allegations By Ladenburg Capital Management Inc. Client
Specifically, a client of Ladenburg Capital Management Inc. contested Robert Crothers’ sales practices by filing NASD Arbitration: 04-07696. Allegedly, Crothers was negligent, breached a fiduciary duty, and gave unsuitable advice. It appears that Crothers caused the client to sustain damages. Therefore, NASD Arbitrators issued an Award dated June 1, 2006, compelling Ladenburg Capital Management Inc. or Crothers to compensate the client in the amount of $10,000.
- Crothers has worked for American Portfolios Advisors Inc. in Holbrook, New York, as a financial advisor since April 4, 2008.
- Crothers has worked for American Portfolios Financial Services Inc. in Holbrook, New York, as a securities broker since August 30, 2001.
Did American Portfolios Financial Services Inc. Securities Broker Robert Crothers Cause You To Experience Damages?
Have you experienced damages because of Robert Crothers? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your losses. Soreide Law Group, who has recovered money for hundreds of investors throughout the United States, represents investors on a contingency fee basis and advances costs. Crothers and brokerage firms Crothers worked for deny accusations against them.
