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Investors Seek $1.157 Million in Dispute with Ashley Robinson

Ashley Robinson (CRD #: 5090538), a broker registered with Madison Avenue Securities, is involved in a pending dispute, according to her BrokerCheck record, accessed on June 20, 2023. Investors may have also worked with her through AE Wealth Management. Read on to learn more about her alleged conduct as a broker.

Pending Dispute

On April 25, 2023, investors named Ashley Robinson in allegations of breach of contract and violation of Regulation Best Interest with regard to investments in GWG L bonds.

The investors also named her in allegations of violations of FINRA Rules 2010, 2120, 2111.05(a), and 3110. They seek $1.157 million in damages in this pending dispute.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade.

FINRA Rule 2111 and Regulation Best Interest

FINRA Rule 2111 requires brokers to recommend securities that adequately fit an investor’s financial goals. Brokers must take into account an investor’s age, risk tolerance, and other information described in their profile.

FINRA Rule 2111.05(a) specifically requires brokers to have a reasonable basis to believe that a recommended investment is suitable for at least some investors.

Regulation Best Interest (Reg-BI) is an SEC regulation that requires brokerage firms to put their clients’ best interests first. For example, firms must conduct reasonable due diligence when researching investments to ensure their recommendations are suitable for the investor.

FINRA Rule 3110

FINRA Rule 3110 requires that firms establish supervisory systems to maintain their compliance with securities regulations. This includes appointing supervisors and providing them with Written Supervisory Procedures (WSPs).

Background Information

Ashley Robinson has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination
  • Series 6 – Investment Company Products/Variable Contracts Representative Examination

Ashley Robinson is a registered broker in 25 states and a registered investment adviser in Colorado and Texas.

She has also worked for the following firms:

  • CL Wealth Management (CRD#:134922)
  • Cabot Lodge Securities (CRD#:159712)
  • Chase Investment Services (CRD#:25574)
  • Wells Fargo Investments (CRD#:10582)  
  • Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
  • InterSecurities (CRD#:16164)

Kurta Law Can Help

If you worked with Ashley Robinson and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm and exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.