Robert Tracy Suspended by FINRA

Robert Tracy (CRD #: 1513899), a broker formerly registered with LPL Financial, has been suspended by FINRA, according to his BrokerCheck record, accessed on May 4, 2025. Investors may have also worked with him through BroadFront Capital Management. Read on to learn more about his alleged conduct as a broker.

FINRA Suspension

On March 10, 2025, FINRA issued a decision alleging that Robert Tracy failed to comply with an arbitration award or settlement agreement or to adequately respond to a request for information regarding the status of compliance.

In its decision, FINRA ordered a monetary sanction of $2,350.28 and suspended Robert Tracy indefinitely. His suspension will continue until required payment is made or discharged.

Article VI, Section 3 of FINRA By-Laws

Article VI, Section 3 of FINRA By-Laws allows FINRA to suspend or cancel the membership of any member who fails to comply with arbitration awards or settlement agreements.

FINRA Rule 9554

FINRA Rule 9554 penalizes brokers who fail to comply with arbitration awards or settlements by suspending or canceling their registration. Brokers have 21 days to request a hearing before their suspension or cancellation becomes final.

FINRA Rule 2010

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

Background Information

Robert Tracy has passed the following exams:

• Securities Industry Essentials Examination – SIE
• Futures Managed Funds Examination – Series 31
• General Securities Representative Examination – Series 7
• Uniform Investment Adviser Law Examination – Series 65
• Uniform Securities Agent State Law Examination – Series 63

He previously worked for the following firms:

• LPL Financial (CRD#:6413)
• Wells Fargo Clearing Services (CRD#:19616)
• Morgan Stanley (CRD#:149777)
• Citigroup Global Markets (CRD#:7059)
• Morgan Stanley DW (CRD#:7556)
• Merrill Lynch, Pierce, Fenner & Smith (CRD#:7691)
• Mid-State Securities Corporation (CRD#:10266)

Kurta Law Can Help

If you worked with Robert Tracy 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.