Robert Doyle Allegedly Engaged in Excessive and Unauthorized Trading

Robert Doyle (CRD #: 2309859), a broker registered with Axiom Capital Management, allegedly engaged in excessive and unauthorized trading, according to his BrokerCheck record, accessed on June 1, 2023. Read on if you want to know more about his alleged conduct as a broker.

Investor Dispute

On March 14, 2023, an investor alleged that Robert Doyle executed unauthorized trades. The client further alleges that he engaged in excessive trading and charged excessive fees.

The client seeks $1.2 million in this pending dispute.

FINRA Rule 3260

FINRA Rule 3260 requires brokers to receive written authorization from their clients before engaging in discretionary trading. The firm must also approve the designation of an account as discretionary before this trading can occur.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to take investors’ profiles into account when recommending investments. These profiles describe their risk tolerance, age, and other characteristics.

Excessive trading violates the need for quantitative suitability by generating fees and commissions that can seriously reduce an investor’s returns.

Investors who rely on their broker for recommendations may be able to recoup their losses through FINRA arbitration.

Background Information

Robert Doyle has passed the following exams:

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

Robert Doyle is a registered broker in 42 states as well as the District of Columbia and Puerto Rico.

He has also worked for the following firms:

• CIBC World Markets Corporation (CRD#:630)
• Prudential Securities (CRD#:7471)
• F.N. Wolf & Company (CRD#:13051)

Kurta Law Can Help

If you worked with Robert Doyle and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com 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.