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Investor Alleges Robert Strang Misrepresented Annuities

Robert Strang (CRD #: 3271839), a broker registered with Next Financial Group, was recently involved in an investor dispute, according to his BrokerCheck record, accessed on June 14, 2023. Read on if you have questions about his alleged conduct as a broker.

Investor Dispute

On May 14, 2023, an investor filed a dispute alleging that Robert Strang misrepresented annuities purchased in 2006 and 2008 as lifetime annuities, when in fact one was terminated and the client received notice of the future termination of the other. This dispute was denied by the firm.

However, investors should know that firms can deny disputes without an outside review. Investors may be able to recover their funds by seeking out FINRA arbitration after a denial.

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deception, manipulation, and other fraudulent tactics to influence the purchase and sale of securities. The misrepresentation or omission of material facts violates this rule.

Tax Liens

On December 12, 2018, and August 9, 2016, Robert Strang was subject to two tax liens totaling $124,698.31.

Background Information

Robert Strang has passed the following exams:

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

Robert Strang is a registered broker in nine states and a registered investment adviser in New York, Pennsylvania, and Texas.

He has also worked for AXA Advisors (CRD#:6627).

Kurta Law Can Help

If you worked with Robert Strang 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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