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Robert Gustafson Allegedly Engaged in Negligence

Robert Gustafson (CRD #: 5753473), a broker registered with Moloney Securities Company, allegedly engaged in negligent conduct, according to his BrokerCheck record, accessed on December 5, 2022. Keep reading if you have questions about his alleged conduct as a broker.

Investor Dispute

On September 27, 2022, an investor named Robert Gustafson in a dispute alleging negligence and unsuitability in 2020. The client seeks $110,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to tailor their investment recommendations to suit investors’ profiles. These profiles contain information such as investors’ age, risk tolerance, and investment goals.

Investors who rely on brokers for recommendations may be able to recoup their losses by seeking out FINRA arbitration.

What is broker negligence?

Brokers may act in many negligent ways, including giving unsuitable investment recommendations, misrepresenting material facts, or executing an excessive number of trades. Investors who feel their losses are the result of broker negligence may be able to recover their losses by pursuing FINRA arbitration.

Background Information

Robert Gustafson has passed the following exams:

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

Robert Gustafson is a registered broker in 11 states and a registered investment adviser in New Hampshire.

He has also worked for the following firms:

  • J P Turner & Company Capital Management (CRD#:124446)
  • J.P. Turner & Company (CRD#:43177)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Robert Gustafson 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. 

 

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