Investor Alleges Robert Rotunno Recommended Unsuitable Investment Product

Robert Rotunno (CRD #: 4025263), a broker registered with Spartan Capital Securities, allegedly made an unsuitable investment recommendation, according to his BrokerCheck Record accessed on April 15, 2025. If you want to know more about his alleged conduct as a broker, keep reading.

Investor Disputes

On February 25, 2025, an investor alleged that Robert Rotunno sold them an unsuitable product while associated with Tigress Financial Partners in 2019, and also engaged in other misconduct at other firms. The client seeks $251,250 in this pending dispute.

In a dispute filed on January 10, 2024, an investor alleged that Robert Rotunno recommended private placements with undisclosed fees and conflicts of interest and also executed trading strategies designed to generate excessive commissions. The client sought $500,000 and received a settlement of $100,000.

On March 14, 2019, Robert Rotunno was involved in an unsuitability dispute. The case was settled for $50,000.

FINRA Rule 2111

FINRA Rule 2111 requires that brokers tailor their investment recommendations to an investor’s profile, which describes their risk tolerance, age, tax status, and other characteristics.

Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2020

FINRA Rule 2020 prohibits the misrepresentation of investments and omission of material facts. Material facts include information about an investment’s fees, expenses, and potential returns.

Missouri State Allegations

On December 1, 2021, The State of Missouri fined Robert Rotunno $5,000 after he allegedly failed to disclose two federal tax liens filed against him within 30 days, in violation of the Missouri Code of State Regulations Chapters 30-51.160(3)(A) and Revised Statutes of Missouri Chapter 409.4-412(d)(13).

Missouri Code of State Regulations and Revised Statutes

CSR Chapter 30-51.160(3)(A) requires brokers to amend their application for registration in Missouri within 30 days of the discovery of a change in material information necessitating an update.

RSM Chapter 409.4-412(d)(13) allows the Missouri Securities Commissioner to discipline brokers if they are found to have engaged in dishonest or unethical conduct in the securities, banking, or finance business in the last ten years.

What are Blue Sky Laws?

Blue sky laws are state-level regulations that provide investors with an additional layer of protection against securities fraud. They typically also define which types of investments must register with the state securities board.

Tax Lien

In 2021, Robert Rotunno became the subject of two tax liens totaling $1,252,811.31.

Background Information

Robert Rotunno has passed the following exams:

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

He is a registered broker in 20 states and the District of Columbia.

Robert Rotunno has previously worked with the following firms:

• SW Financial (CRD#:145012)
• Worden Capital Management (CRD#:148366)
• Tigress Financial Partners (CRD#:154717)
• National Securities Corporation (CRD#:7569)
• Laidlaw & Company (UK) (CRD#:119037)
• Sands Brothers & Co. (CRD#:26816)
• Global Capital Securities Corporation (CRD#:16184)
• Murphy & Durieu (CRD#:6292)
• American Investment Services (CRD#:21111)

Kurta Law Can Help 

If you have worked with Robert Rotunno and have concerns about your investments, don’t hesitate to get in touch with us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation. 

For nearly 20 years, Kurta Law has advocated for investors 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.