ROBERT SCOTT SMITH (ROBERT S SMITH) is currently registered as a broker with EMERSON EQUITY LLC of Newberg, Oregon, since 4/3/2020. He was previously registered as a broker with CONCORDE INVESTMENT SERVICES LLC of Newberg, Oregon, 05/06/2011 - 04/06/2020.
According to FINRA’s BrokerCheck, available to the public on FINRA’s website, ROBERT S SMITH has 39 years of experience in the securities industry and has been listed with 8 firms. Smith has 16 disclosures on his FINRA CRD report. All 16 disclosures are “Customer Disputes.” The significance of Smith’s disclosures is underscored in FINRA NOTICE to MEMBERS 03-49. FINRA conducted a review of the CRD’s of all registered representatives, only .41% had been the subject of 3 or more customer complaints. In other words, ROBERT S SMITH’s customer complaints rank him in the top one-hundredth percent of all registered representatives for customer complaints.
Of ROBERT S SMITH’s 16 complaints, 4 are currently pending, 2 were closed with no action, and 10 complaints have settled. Some examples of the 10 settled “Customer Disputes” are as follows:
A dispute filed against ROBERT S SMITH dated 2/1/2023 settled for $117,747.88. The allegations were, “Complaint is alleging suitability concerns relating to investments made in November 2019.”
On 5/26/2022 a “Customer Dispute” filed against ROBERT S SMITH settled for $50,000.00 with the allegations, “FAILURE TO PERFORM ADEQUATE DUE DILIGENCE; UNSUITABILITY OF INVESTMENTS RECOMMENDED TO CLAIMANTS; CONTINUING FRAUD; BETWEEN 2009-2013.”
A dispute dated 12/23/2020 filed against Smith settled for $425,000.00. The allegations were, “Unsuitable Recommendations in violation of FINRA Rule 2111;Fraudulent misrepresentation in violation of Federal Securities Law, Arizona Securities Law, and FINRA Rule 2020; Negligent misrepresentation in violation of FINRA Rule 2010 and Arizona State Law; Violation of the principles of fair dealings as set forth in IM-2310-2;Respondeat Superior and Failure to supervise.”
A dispute filed against ROBERT S SMITH dated 4/6/2020 settled for $265,000.00. The allegations were, “Claim alleges unsuitable recommendation, breach of contract, fraud, negligent supervision, breach of fiduciary duty, negligence, and violation of Oregon securities law related to the purchase of various private placement investments between April 2014 and December 2017.”
Soreide Law Group has another post on ROBERT S SMITH dated October 30, 2020:
Robert Smith Involved In Suitability Disputes - Securities Lawyer
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