FINRA Sanctions Robert Foley

Soreide Law Group is investigating possible investor claims against securities broker Robert Foley (also known as Robert Patrick Foley) [CRD: 6060234, Red Bank, NJ]. Evidently, FINRA sanctioned the securities broker, who worked for Wynston Hill Capital LLC. Allegedly, Foley failed to supervise registered representatives. Here is a brief summary of FINRA’s allegations against Foley.

FINRA Sanctions Robert Foley For Failure To Supervise

Mainly, on December 1, 2021, FINRA issued Case: 2019060648802 sanctioning Foley for infractions. Specifically, Foley was issued a 4-month suspension (as principal) and a $5,000 fine. Notably, FINRA alleged that Foley failed to supervise registered representatives. Supposedly, those representatives engaged in excessive trading. Supposedly, Foley did reasonably review transactions or otherwise address red flags regarding unsuitable investment recommendations in client accounts. Clients supposedly paid more than $300,000 between fees and commissions inside of six months because of those representatives. The regulator also indicated that a third representative under Foley’s supervision had falsified books and records.

Foley Employment Information

Foley worked for Wynston Hill Capital LLC in Red Bank, NJ, as a securities broker from February of 2018 to January of 2021. He also worked for Maxim Group LLC, Pruco Securities LLC, and MetLife Securities Inc.

Damages Resulting From Wynston Hill Capital LLC Securities Broker Robert Foley?

Have you experienced damages through investing with Robert Foley? Reach out to Soreide Law Group at (888) 760-6552 and speak with a securities attorney about a possible recovery of your investment losses. Soreide Law Group, who has effectively recovered funds for hundreds of investors in all 50 states, represents clients on a contingency fee basis and advances all costs. The firm will take the time to fully understand your situation and will carefully explain your legal options. Foley and brokerage firms Foley worked for deny any and all allegations of sales practice violations.