Investors potentially experienced sales practice violations by securities broker Robert Randolph Lott (also known as Randy Lott) [CRD: 712795, Birmingham, Alabama], based on publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. It appears that Lott worked for Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. beginning on May 27, 2020, and previously worked for LPL Financial LLC from February 14, 2018, to June 3, 2020. Continue reading to find out more about Lott’s disclosures.
Evidently, on April 15, 2025, a Cambridge Investment Research Inc. client filed a complaint about Robert Lott. Primarily, the client alleged that Lott made misrepresentations regarding the benefits, terms, and conditions of an annuity. Because of this, the client allegedly sustained damages associated with variable annuities. As a result, the client requested $45,000 in compensation from Cambridge Investment Research Inc. or Lott.
Specifically, a client of AXA Advisors disputed Robert Lott’s sales practices by filing NASD Arbitration No. 03-06038. Allegedly, Lott made unsuitable recommendations involving an investment strategy. The claim also alleged that he failed to disclose risks and tax consequences. It appears that Lott allegedly caused the investor to sustain damages connected to mutual funds. Therefore, AXA Advisors opted to settle the matter on August 28, 2003, by compensating the client $125,000.
Also, another AXA Advisors client filed a complaint about Robert Lott. Mainly, the client alleged that Lott made misrepresentations when selling a variable annuity contract. For this reason, the client allegedly incurred damages on variable annuities. Consequently, on July 31, 2003, AXA Advisors settled this matter by paying the client $2,636.02 in damages.
Are you concerned regarding investments you made with Robert Lott? Contact Soreide Law Group at (888) 760-6552 or online and speak with a securities lawyer concerning a possible recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the US. Also, the firm works on a contingency fee basis and advances all costs. Lott and brokerage firms Lott worked for deny accusations of sales practice violations.
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