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Robert Burts Allegedly Executed an Unauthorized Transaction

Robert Burts (CRD #: 1534204), a broker registered with Synovus Securities, is the subject of an investor dispute. This disclosure appears on his BrokerCheck record, accessed on May 6, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On February 13, 2024, investors alleged that Robert Burts purchased a preferred stock without their authorization. The investor sought $52,000 but the dispute was denied by the firm. Investors should know that firms can deny disputes without any external review. They can still recover losses following a denial.

Unauthorized Trading 

FINRA Rule 3260 limits discretionary trading by brokers to pre-approved discretionary accounts. These accounts must be approved for discretionary trading by both the client and the firm. Discretionary trading that takes place in an account that has not been approved is unauthorized.

Background Information 

Robert Burts 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 
  • Series 24 General Securities Representative Examination 

He is a registered broker in 20 states and is a registered investment adviser in nine states. 

During his 34 years of experience, he has registered with the following firms: 

  • Synovus (CRD #: 14023) 
  • Liberty Securities Corporation (CRD #: 14416) 
  • Southtrust Securities (CRD #: 17922) 
  • Independent Financial Securities (CRD #: 19924) 
  • Lehman Brothers (CRD #: 7506) 

Kurta Law Can Help 

If you have worked with Robert Burts and have concerns about your investments, do not hesitate to contact us at 877-600-0098 or email info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that 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. Do not let securities fraud go unchecked. Start your recovery process today.

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