FINRA Suspends Robert Fort for Alleged Failure to Report Felony Charge

Robert Fort (CRD #: 2505390), a broker formerly registered with Charles Schwab & Company, has been suspended by FINRA, according to his BrokerCheck record, accessed on June 30, 2025. Keep reading if you have questions about his alleged conduct as a broker.

FINRA Suspension

On May 1, 2025, Robert Fort consented to the entry of findings that he allegedly failed to timely amend his Form U4 (Uniform Application for Securities Industry Registration or Transfer) to disclose a felony charge.

According to a Letter of Acceptance, Waiver & Consent (AWC), Robert Fort was allegedly charged with a felony in December 2023. Though he had allegedly disclosed to his firm, Charles Schwab, that he had been arrested in November 2022, he allegedly failed to disclose the felony charge until after the firm discovered it in August 2024.

The AWC concluded that the alleged failure to promptly disclose this charge violated Article V, Section 2(c) of FINRA’s By-Laws and FINRA Rules 1122 and 2010.

Article V, Section 2(c) of FINRA’s By-Laws

Article V, Section 2(c) of FINRA’s By-Laws requires brokers to keep their application for registration up-to-date and to amend it within 30 days of learning the facts requiring an amendment.

FINRA Rule 1122

FINRA Rule 1122 requires brokers to keep their membership and registration documentation up-to-date and to correct any inaccuracies or misleading information in a timely manner.

FINRA Rule 2010

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

Sanctions

Robert Fort consented to the following sanctions:

• One-month suspension from associating with FINRA members
• $5,000 fine

His suspension began on June 2, 2025, and will end on July 1, 2025. You can read the full AWC here.

Criminal Charge

On December 21, 2023, a criminal charge was entered against Robert Fort. This charge was resolved through pre-trial intervention.

Background Information

Robert Fort has passed the following exams:

• General Securities Sales Supervisor – General Module Examination – Series 10
• General Securities Sales Supervisor – Options Module Examination – Series 9
• General Securities Representative Examination – Series 7
• Uniform Securities Agent State Law Examination – Series 63
• Uniform Combined State Law Examination – Series 66
• Uniform Investment Adviser Law Examination – Series 65

He has also worked for the following firms:

• Charles Schwab & Company (CRD#:5393)
• TD Ameritrade (CRD#:7870)
• TSC Distributors (CRD#:37058)
• Pruco Securities (CRD#:5685)
• Hartford Equity Sales Company (CRD#:6604)
• Matrix Capital Group (CRD#:33364)
• Van Kampen Funds (CRD#:6939)
• Morgan Stanley DW (CRD#:7556)
• Rauscher Pierce Refsnes (CRD#:6663)
• Fidelity Brokerage Services (CRD#:7784)
• Bear, Stearns & Company (CRD#:79) 

Kurta Law Can Help

If you worked with Robert Fort 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 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.