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Robeson Hilton Allegedly Sold Client Unsuitable Investment

Jul 19, 2023 Unsuitable Investments

Robeson Hilton (CRD #: 6422649), a broker registered with Equitable Advisors, allegedly sold an unsuitable investment, according to his BrokerCheck record, accessed on July 13, 2023. If you want to know more about his alleged conduct as a broker, read on.

Investor Dispute

On June 21, 2023, an investor filed a dispute alleging that Robeson Hilton sold her an unsuitable investment product. The client seeks $550,000 in this pending dispute.

FINRA Rule 2111

FINRA Rule 2111 requires brokers to recommend securities that sufficiently suit an investor’s financial goals. Brokers must consider the information in the investor’s profile, such as their risk tolerance, age, and tax status when recommending investments.

Securities may be unsuitable for an investor because they are high-risk and more likely to result in losses, or because their lack of liquidity makes them difficult to sell in the short term.

Overall trading activity can also be quantitatively unsuitable. An excessive number of trades generates trading fees and commissions that can significantly reduce clients’ returns or even prevent them from making a profit at all.

Suitability also applies to investment strategies. For example, overconcentration in a particular stock or sector comes with a level of risk beyond what is appropriate for many investors’ financial goals.

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

Background Information

Robeson Hilton has passed the following exams:

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

Robeson Hilton is a registered broker in seven states and a registered investment adviser in Florida, Georgia, New Jersey, New York, and Pennsylvania.

Kurta Law Can Help

If you worked with Robeson Hilton and you have concerns about your investments, please contact us today at 877-600-0098 or 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.