Robert Omohundro Involved In Client Disputes Over Unauthorized Trading

Investors might have sustained losses due to securities broker Robert Lloyd Omohundro [CRD: 2415942, Atlanta, Georgia], based on the disclosures on Financial Industry Regulatory Authority (FINRA) BrokerCheck. Evidently, Omohundro has been registered with Alexander Capital L.P. in Atlanta, Georgia since May 1, 2020, and with Alexander Capital Wealth Management LLC at the same location since May 7, 2020. He previously worked at Centaurus Financial Inc. from March 24, 2015, to April 30, 2020. Keep reading to learn more about Omohundro’s client disputes and the implications for investors.

Alexander Capital L.P. Investor Accused Omohundro Of Unsuitable Investment Recommendations

Specifically, on February 27, 2024, an Alexander Capital L.P. client filed FINRA Arbitration No. 23-03450 about Robert Omohundro. Notably, the client alleged that Omohundro recommended unsuitable investment strategies involving purchases of illiquid alternative investments. Because of this, the client allegedly sustained damages on real estate securities. Therefore, the client requested compensatory damages from Alexander Capital L.P. or Omohundro. Evidently, this arbitration is pending a resolution.

Robert Omohundro Disclosed Overconcentration Allegations By Centaurus Financial Inc. Client

Particularly, a client of Centaurus Financial Inc. contested Robert Omohundro’s sales practices by filing FINRA Arbitration No. 21-00883. Allegedly, Omohundro gave unsuitable advice and overconcentrated their holdings. Consequently, Centaurus Financial Inc. opted to settle the matter with the client on September 14, 2022.

Omohundro Disclosed Breach Of Fiduciary Duty Allegations By J.P. Turner Company Client

A client of J.P. Turner Company LLC and Centaurus Financial Inc. contested Robert Omohundro's sales practices by filing FINRA Arbitration No. 15-02551. Allegedly, Omohundro misrepresented information, breached a contract, was negligent, violated federal securities laws, made unsuitable recommendations,  violated the Georgia Uniform Securities Act, and breached his fiduciary duty. It appears that Omohundro allegedly caused the client to sustain damages on real estate securities. Because of this, the firm opted to settle the matter on March 28, 2016, for $6,516 in damages.

MML Investors Services LLC Investor Accused Omohundro Of Misrepresentation Of Retirement Management Accounts

Specifically, on November 21, 2011, an MML Investors Services LLC client filed a complaint about Robert Omohundro. Mainly, the client alleged that Omohundro misrepresented a retirement management account. Because of this, the client requested compensation from MML Investors Services LLC or Omohundro. However, the firm denied this complaint.

JW Genesis Financial Services Inc. Client Accused Robert Omohundro Of Unauthorized Trading

Evidently, a JW Genesis Financial Services Inc. client filed FINRA Arbitration No. 05-022995 about Robert Omohundro. Supposedly, Omohundro engaged in unsuitable and unauthorized trading. Therefore, the client allegedly sustained damages on equities and mutual funds. Consequently, on June 21, 2005, JW Genesis Financial Services Inc. settled this matter by paying the client $25,000 in damages.

Did You Sustain Losses Because Of Securities Broker Omohundro?

Did you experience losses because of Robert Omohundro? If so, reach out to Soreide Law Group online or at (888) 760-6552 and talk with a securities attorney concerning a potential recovery of your investment losses. Soreide Law Group has recovered losses for investors throughout the United States, works on a contingency fee basis, and advances all costs. Omohundro and the brokerage firms he worked for deny accusations of sales practice violations.