Investors apparently complained about securities broker Robert Ronald Obraitis [CRD: 2124486, Lansdowne, Virginia], according to disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Obraitis worked for Cambridge Investment Research Inc. and Cambridge Investment Research Advisors Inc. from February 21, 2014, to April 17, 2025, and has been registered with Summit Financial LLC since April 15, 2025, and Purshe Kaplan Sterling Investments since April 16, 2025. Read on to discover more about Obraitis’s disclosures.
Evidently, a client of Cambridge Investment Research Inc. disputed Robert Obraitis’s sales practices, according to a complaint dated December 2, 2025. Allegedly, Obraitis the broker made unsuitable recommendations and made misrepresentations. It appears that Obraitis allegedly caused the client to sustain damages related to variable annuities. As a result, the client sought compensation from Cambridge Investment Research Inc. or Obraitis in the amount of $900,000 in this matter. However, the firm denied this complaint.
Particularly, on September 5, 2025, a Cambridge Investment Research Inc. client filed a complaint about Robert Obraitis. Mainly, the client alleged that Obraitis the broker made unsuitable recommendations and executed an unauthorized transaction. For this reason, the client allegedly incurred damages connected to variable annuities. Therefore, the client requested $175,567.97 in compensation from Cambridge Investment Research Inc. or Obraitis. However, the firm denied this complaint.
Also, on November 4, 2024, a Cambridge Investment Research Inc. client filed a complaint about Robert Obraitis. Primarily, the client alleged that Obraitis mismanaged the client’s IRA accounts. Because of this, the client allegedly incurred damages linked to mutual funds. Consequently, the client requested $100,000 in compensation from Cambridge Investment Research Inc. or Obraitis. However, the firm denied this complaint.
Additionally, a client of F.N. Wolf contested Obraitis’s sales practices by filing NASD Arbitration No. 94-02078. Allegedly, Obraitis made misrepresentations, engaged in unsuitable recommendations, made omissions, was negligent, breached a contract, and violated NASD rules. It appears that Obraitis allegedly caused the client to sustain damages connected to stocks. As a result, NASD Arbitrators issued an Award dated May 30, 1997 compelling Obraitis to compensate the client in the amount of $19,280.
Did you suffer any investment-related losses because of Robert Obraitis? You can contact Soreide Law Group online or at (888) 760-6552 and talk with a securities lawyer regarding a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the country. Also, our securities lawyers work on a contingency fee basis and advance all costs. Obraitis and brokerage firms Obraitis worked for deny accusations of sales practice violations.
Soreide Law Group is investigating potential investor claims involving J.P. Morgan Securities LLC (JPMS) after FINRA sanctioned the firm over supervisory failures involving a high-risk, leveraged investment strategy. Investors who suffered losses through this strategy may have legal options and should read below for details about FINRA's action against J.P. Morgan Securities. What Was The […]
Investors potentially incurred losses because of securities broker Christina Leanne Benton (also known as Christina Leann Benton and Chrissy Benton) [CRD: 7141536, Grass Valley, California], given the publicly available information on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Benton worked for Wells Fargo Clearing Services LLC from August 2019 to April 2021. She has been associated […]
Investors may have suffered financial harm by securities broker Michael Giordano (also known as Mike Giordano) [CRD: 5352775, Red Bank, New Jersey], based on disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Giordano has been registered with Charles Schwab Co. Inc. since March 30, 2021, and previously worked for Ameriprise Financial Services LLC in Hauppauge, […]
Phone:
Fax: 1-954-760-6553
Email: info@securitieslawyer.com