Investor Alleges Robin Clegg Violated Suitability Rule

Robin Clegg (CRD #: 4719377), a broker registered with Regulus Financial Group, was involved in an investor dispute, according to his BrokerCheck record, accessed on October 30, 2024. Keep reading to learn more about his alleged conduct as a broker.

Investor Dispute

On August 27, 2024, an investor named Robin Clegg in a dispute alleging that an $800,000 investment in a fixed-indexed annuity made on April 7, 2022, was unsuitable. The client further alleged violation of FINRA Rule 2090.

The investor sought $66,400 in damages, but the dispute was denied by the firm.

However, investors should know that firms can deny disputes without an external review. Investors can still recover damages following a denial and may want to seek out FINRA arbitration.

FINRA Rule 2111

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

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

FINRA Rule 2090

FINRA Rule 2090, also known as “Know Your Customer,” requires brokerage firms to retain essential information about investors.

Background Information

Robin Clegg has passed the following exams:

• Series 63 – Uniform Securities Agent State Law Examination
• SIE – Securities Industry Essentials Examination
• Series 6 – Investment Company Products/Variable Contracts Representative Examination

Robin Clegg is a registered broker in Florida, Michigan, North Carolina, Ohio, and Virginia.

He has also worked for American Portfolios Financial Services (CRD#:18487) and Princor Financial Services Corporation (CRD#:1137) .

Kurta Law Can Help

If you worked with Robin Clegg 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.