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Investor Alleges Robert Hetterscheidt Misrepresented IRA Tax Consequences

Robert Hetterscheidt (CRD #: 3149274), a broker registered with Edward Jones, is involved in a pending dispute, according to his BrokerCheck record, accessed on August 5, 2022. Read on to learn more about his conduct as a broker.

Investor Dispute

In a dispute filed on May 27, 2022, an investor alleges that Robert Hetterscheidt incorrectly stated that the client could make a short-term withdrawal from his inherited IRA account and return money to the account within 60 days without tax consequences. The client seeks $75,000 in damages in this pending dispute.

FINRA Rule 2020

The misrepresentation of information related to investments violates FINRA Rule 2020, which prohibits brokers from omitting material information regarding investments. 

FINRA Rule 2010

Violating state insurance requirements violates FINRA Rule 2010. FINRA Rule 2010 requires brokers to uphold high standards of commercial honor and just and equitable principles of trade.

Background Information

Robert Hetterscheidt 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 Hetterscheidt is a registered broker in 20 states and a registered investment adviser in Ohio and Texas.

Kurta Law Can Help

If you worked with Robert Hetterscheidt 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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