Robert O’Braitis Allegedly Mismanaged IRAs

Robert O’Braitis (CRD #: 2124486), a broker registered with Cambridge Investment Research, has been the subject of several investor disputes, according to his BrokerCheck record, accessed on December 12, 2024. Investors may have also worked with him through Cambridge Investment Research Advisors. Keep reading to learn more about his alleged conduct as a broker.

Investor Disputes

On November 4, 2024, multiple investors filed a dispute against Robert O’Braitis alleging the mismanagement of their IRA accounts. They sought $100,000 in damages but the dispute was denied by the firm.

A dispute filed on December 14, 2016, alleged that Robert O’Braitis misrepresented a Guaranteed Minimum Withdrawal Benefit (GMWB) rider for an insurance policy by omitting material facts. The client sought $78,983 but the firm denied the dispute.

However, investors should be aware that firms can deny disputes without an external review. Investors can still recover damages following a denial by seeking out FINRA arbitration.

FINRA Rule 2010

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

FINRA Rule 2020

FINRA Rule 2020 prohibits the use of manipulative, deceptive, or otherwise fraudulent tactics to influence the purchase and sale of securities. This includes the misrepresentation or omission of material facts, such as an investment’s risks, fees, or requirements.

Background Information

Robert O’Braitis 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 Principal Examination – Series 24
• Securities Industry Essentials Examination – SIE
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

Robert O’Braitis is a registered broker in 38 states and the District of Columbia. He is also a registered investment adviser in Texas and Virginia.

He has also worked for the following firms:

• AXA Advisors (CRD#:6627)
• ING Financial Partners (CRD#:2882)
• Prudential Securities (CRD#:7471)
• American Fronteer Financial Corporation (CRD#:1398)
• F.N. Wolf & Company (CRD#:13051)

Kurta Law Can Help

If you worked with Robert O’Braitis 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.