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Robert Barghini Named in Dispute Alleging Violations of Several FINRA Rules

Dec 6, 2022 Failure to Supervise

Robert Barghini (CRD #: 3141715), a broker registered with Ausdal Financial Partners, is involved in a pending dispute, according to his BrokerCheck record, accessed on November 29, 2022. If you have questions about his conduct as a broker, keep reading.

Investor Dispute

In a dispute filed on October 10, 2022, an investor named Robert Barghini in allegations of failure to supervise, breach of contract, failure to conduct due diligence, and violation of the suitability rule. The client seeks $50,000 in this pending dispute.

FINRA Rule 3110

Failure to supervise violates FINRA Rule 3110, which requires that firms establish systems of supervision to ensure their compliance with securities regulations. Firms must appoint appropriately trained or experienced supervisory personnel and provide them with Written Supervisory Procedures (WSPs).

FINRA Rule 2111 

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile. Brokers must take into account the investor’s age, tax status, and other information described in their profile.

Background Information

Robert Barghini has passed the following exams:

  • Series 65 – Uniform Investment Adviser Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

Robert Barghini is a registered broker and a registered investment adviser in Minnesota.

He has also worked for the following firms:

  • The Oak Ridge Financial Services Group (CRD#:42941)
  • Wells Fargo Investments (CRD#:10582)
  • Wells Fargo Brokerage Services (CRD#:16100)
  • Dean Witter Reynolds (CRD#:7556)

Kurta Law Can Help

If you worked with Robert Barghini and you have concerns about your investments, please contact us today at 877-600-0098 or 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.