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Robert Spencer Permanently Barred from FINRA

Apr 6, 2022 Barred Broker

Robert Spencer (CRD #: 431878), a broker previously registered with Cetera Advisor Networks LLC, was permanently barred from acting as a broker or otherwise associating with a broker-dealer firm. This information is from Robert Spencer’s BrokerCheck record, accessed on March 23, 2022. You can find more information below about Robert Spencer’s conduct as a broker.

Refusal to Produce Documents and Information

On February 14, 2022, Robert Spencer consented to the sanction of a permanent bar from FINRA, without admitting or denying the findings that he refused to produce documents and information requested by FINRA in connection with its investigation into whether he participated in unapproved private securities transactions. In connection with FINRA’s investigation into whether Spencer participated in unapproved private securities transactions, FINRA staff issued Spencer a request to provide documents and information pursuant to FINRA Rule 8210. Spencer refused to provide the documents and information.

You can read a copy of the AWC here.

FINRA Rules 8210 and 2010

FINRA Rule 8210 states that FINRA may require members and those associated with members to provide information, as well as to testify, with respect to FINRA investigations. Robert Spencer’s alleged refusal to produce documents and information requested by FINRA was a violation of Rule 8210. Robert Spencer’s alleged unethical conduct also violates FINRA Rule 2010, which states that brokers must uphold high standards of commercial honor.

Background Information

Robert Spencer has passed the following exams:

  • Series 63 - Uniform Securities Agent State Law Examination
  • SIE - Securities Industry Essentials Examination
  • Series 1 - Registered Representative Examination

He has worked for the following firms:

  • Cetera Advisor Networks LLC (CRD #:13572)
  • Tower Square Securities, Inc. (CRD #:833)
  • Advantage Capital Corporation (CRD #:146)
  • Travelers Equities Sales, Inc. (CRD #:833)

Kurta Law Can Help

If you worked with Robert Spencer and 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.