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Robert Daly Allegedly Misrepresented Alternative Investments

Robert Daly (CRD #: 3111426), a broker registered with Xtellus Capital Partners, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on August 9, 2024. Keep reading if you have questions regarding his alleged conduct. 

Investor Allegations 

On July 17, 2024, an investor alleged that Robert Daly misrepresented liquidity restrictions on alternative investments. The dispute was denied, but investors should know that firms can deny disputes without any external review. Investors can still recover following a denial. 

Misrepresentation 

FINRA Rule 2020 prohibits the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Background Information 

Robert Daly 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 California, Florida, and New York. 

During his 25 years of experience, he has registered with five firms: 

  • Xtellus Capital Partners (CRD #: 156048) 
  • Morgan Stanley (CRD #: 149777) 
  • JP Morgan Securities (CRD #: 79) 
  • UBS Financial Services (CRD #: 8174) 
  • Bear Stearns & Co. (CRD #: 79) 

Kurta Law Can Help 

If you worked with Robert Daly 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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