Robert Arellano Allegedly Failed to Follow Client’s Investment Instructions

Robert Arellano (CRD #: 5973995), a broker formerly registered with Edward Jones, allegedly failed to follow an investor’s instructions, according to his BrokerCheck record, accessed on July 13, 2023. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Dispute

On June 14, 2023, an investor alleged that Robert Arellano failed to invest her into certificates of deposit as requested, resulting in market loss. The investor wanted to use certificates of deposit to protect their principal. This dispute is currently pending.

On March 22, 2016, an investor alleged that Robert Arellano executed unauthorized trades and moved funds to her Edward Jones Advisory Solutions account in February 2016 despite the client indicating that she did not want changes to her accounts. This dispute was denied by the firm.

Investors should be aware, however, that firms can deny disputes without an external review. Investors can still pursue FINRA arbitration following a denial and may be able to recover their losses.

FINRA Rule 2010

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

FINRA Rule 3260

FINRA Rule 3260 limits brokers to exercising their trading discretion in pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm.

Background Information

Robert Arellano has passed the following exams:

• Series 66 – Uniform Combined State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 7 – General Securities Representative Examination

He previously worked for Edward Jones (CRD#:250).

Kurta Law Can Help

If you worked with Robert Arellano 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.