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Robert Crothers Embroiled in Investor Dispute

Robert Crothers (CRD #:1648677), a broker registered with American Portfolios Financial Services, is involved in an investor dispute, according to his BrokerCheck record, accessed on January 15, 2022. He is also a registered investment advisor with American Portfolios Advisors. 

On October 29, 2021, Robert Crothers was named in an investor dispute alleging unsuitability, common law fraud, breach of contract, breach of fiduciary duty, and negligence. The case is still pending. 

Suitability  

Registered members are also subject to a suitability standard as required by FINRA Rule 2111. The suitability rule requires brokers to have a “reasonable basis to believe a recommended transaction or investment strategy involving a security or securities is suitable for the customer.” 

FINRA Rule 2010 requires that all industry members conduct business with high standards of commercial honor. 

Background Information 

Robert Crothers has passed the following exams: 

  • Series 66 – Uniform Combined State Law Examination 
  • Series 63 – Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 – General Securities Representative Examination 

Robert Crothers is a registered broker in 33 states. He is also a registered investment advisor in three states. 

He has also worked with the following firms: 

  • GBI Capital Partners (CRD#:14623) 
  • Josephthal Lyon & Ross Incorporated (CRD#:3227) 
  • A.J. Michaels & Co. (CRD#:19883) 
  • Investors Center (CRD#:14670) 
  • Blinder, Robinson & Co.,(CRD#:5096) 

Kurta Law Can Help 

If you have worked with Robert Crothers and have concerns about your investments, don’t hesitate to contact us today 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 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.  

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