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Robert High Subject of SEC Investigation

Robert High (CRD #: 4568165) has been barred from FINRA, according to his BrokerCheck record, accessed on June 3, 2022. If you have questions about Robert High’s conduct as a broker, keep reading.

SEC Investigation

According to a regulatory filing by the Securities Exchange Commission dated May 10, 2022, Robert High pled guilty on February 22, 2021, to one count of Attempted Fraudulent Schemes and Artifices in violation of Arizona Revised Statutes §§ 13-1001 and 13-2310, and one count of theft in violation of Arizona Revised Statutes § 13-1802 in the Superior Court of the State of Arizona.

On March 30, 2021, Robert High was sentenced to two and a half years imprisonment with restitution of economic damages to all victims. According to the SEC, Robert High pled guilty to allegations of “engaging in a scheme or artifice to defraud one of his clients out of a benefit in excess of $100,000, by means of fraudulent pretenses, representation, promises, or material omissions, and that he knowingly converted the client’s money.”

As part of Robert High’s alleged plea deal, the fraudulent scheme charge was amended to an attempt, but the theft count was not changed.

This regulatory action is listed as pending.

Arizona Revised Statutes §§§ 13-1001, 13-2310, and 13-1802

Arizona Revised Statutes §§§ 13-1001, 13-2310, and 13-1802 define and prohibit the following offenses, respectively: attempt of a criminal offense; fraud, and theft.

Bar from FINRA

On March 25, 2019, Robert High was suspended from FINRA after allegedly failing to respond to FINRA requests for information. This became a permanent bar from associating with FINRA members in all capacities starting on June 28, 2019.

FINRA Rule 9552

FINRA Rule 9552 penalizes members who fail to respond to requests for testimony, documents, or other information in connection with FINRA investigations. Members first face suspension, which becomes a bar from FINRA if the member doesn’t request a termination of the suspension.

Investor Dispute

On March 14, 2019, an investor named Robert High in a dispute alleging misappropriation of funds. They sought $146,000 in damages and received a settlement of $145,827.22.

FINRA Rule 2010

Many forms of unethical conduct constitute violations of FINRA Rule 2010, which requires brokers to uphold high standards of commercial honor and equitable principles of trade.

Discharge from First Financial Equity Corporation

On February 20, 2019, Robert High was fired from the First Financial Equity Corporation for allegedly violating unspecified firm policies.

FBI Investigation

On February 14, 2019, the Federal Bureau of Investigation initiated an investigation into Robert High related to possible forgery and misappropriation of funds. Robert High’s BrokerCheck page does not specify whether this investigation is closed or ongoing.

Background Information

Robert High has passed the following exams:

  • Series 66 – Uniform Combined State Law Examination
  • Series 63 – Uniform Securities Agent State Law Examination
  • SIE – Securities Industry Essentials Examination
  • Series 7 – General Securities Representative Examination

In the past, he worked for the following firms:

  • First Financial Equity Corporation (CRD#:16507)
  • Chase Investment Services (CRD#:25574)
  • Banc One Securities Corporation (CRD#:16999)
  • Edward Jones (CRD#:250)

Kurta Law Can Help

If you worked with Robert High and you have concerns about your investments, please contact us today at 877-600-0098 or 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.