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Robert Clayton Facing FINRA Suspension

Robert Clayton (CRD #: 2598586) was suspended by FINRA. This disclosure appears on his BrokerCheck record, accessed on February 14, 2024. Keep reading for more details. 

On November 13, 2023, Robert Clayton consented to the sanctions and to the entry of findings that he caused his member firm to make and preserve inaccurate books and records by mismarking tickets as unsolicited when he had solicited trades. Solicited trades are trades that brokers recommend and are therefore subject to closer supervisory scrutiny. 

As part of the terms of the AWC, Robert Clayton consented to a three-month suspension and a $5,000 fine. You can read a copy here. 

FINRA Rule 2010

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

FINRA Rule 4511

FINRA Rule 4511 requires firms to keep accurate and up-to-date books and records.

Background Information 

Robert Clayton 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 

He is a registered broker in ten states and is a registered investment adviser in New Jersey. 

Robert Clayton has registered with four firms since 2018: 

  • TFS Securities (CRD #: 20626) 
  • TFS Advisory Services (CRD #: 20626) 
  • The Investment Center (CRD #: 17839) 
  • IC Advisory Services (CRD #: 140190) 

Kurta Law Can Help 

If you have worked with Robert Clayton and you have concerns about your investments, do not hesitate to contact us at 877-600-0098 or 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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