Robert Fross Involved In SII Investor Disputes

SII Investments Clients Allege Unsuitable Transactions By Financial Advisor Robert Fross

Soreide Law Group comes to you with important information concerning securities broker Robert C. Fross (CRD#: 4509851, The Villages, Florida). Namely, the securities broker and financial advisor, who worked for SII Investments Inc. (2007 to 2018) and LPL Financial (2018 to present), is involved in investor disputes brought by SII Investments clients. Here’s a summary of the disputes, including what you could do if you experienced losses.

SII Investments Client Alleges Unsuitable Real Estate Security Transaction

Evidently, a client of SII Investments disputed Robert Fross’ sales practices. Specifically, the client alleged in this March 2021 FINRA Arbitration Claim that Fross had them invest in an unsuitable real estate security. Supposedly, the REIT resulted in damages. Because of this, SII Investments opted to settle the matter, with no admission of liability, for $15,000 in damages. Also, the securities broker, who denies the allegations, claims that the client understood the risks.

Fross Purportedly Sells Unsuitable REIT To Client

Notably, a second client of SII Investments brought a dispute about Robert Fross’ REIT sale. Supposedly, the investment was unsuitable for the client’s individual retirement account. However, SII Investments denied the client’s claim. Additionally, the broker contends that he made a suitable recommendation.

Prior Disputes Allege Unsuitable Annuity Transactions

Also, in a former dispute, a client alleges that Robert Fross made “unsuitable and inappropriate” investment recommendations concerning annuity switches and illiquid REIT purchases. It appears that the client received $14,000 in a settlement of this matter. And in the first dispute on Fross’ record, which was denied by the firm, the client stressed that they did not want risk and that annuity purchases were unsuitable given the client’s inability to access principal without penalty.

Losses By Investing Through Fross?

Apparently, Robert Fross denies all allegations of sales practice violations. Have you experienced investment losses because of him? If so, reach out to Soreide Law Group at (888) 760-6552 and speak with experienced counsel concerning a possible recovery of your investment losses. Soreide Law Group represents clients on a contingency fee basis and advances all costs. The law firm has recovered compensation for many US clients who have experienced losses from their securities brokers and financial advisors.