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Tony Roberts Subject of REIT Misrepresentation Allegation

Tony Roberts (CRD #: 2691066), a broker registered with MML Investors Services, is the subject of an investor dispute. This is according to his BrokerCheck record, accessed on September 13, 2023. Details are provided below. 

On August 15, 2023, an investor alleged that Tony Roberts misinformed him when he told him that a REIT was guaranteed after 10 years. 

FINRA Rule 2020

FINRA Rule 2020 forbids the use of deceptive, manipulative, and otherwise fraudulent methods to influence the purchase and sale of securities. The misrepresentation of a REIT’s guarantee violates this rule. 

What Are REITs?

Real estate investment trusts (REITs) allow investors to generate returns from a portfolio of real estate without having direct involvement with property management. However, REITs tend to be illiquid, which makes them unsuitable for many investors. Non-traded REITs are risky because they are not traded on the public exchange, making them difficult or impossible to sell. 

Background Information 

Tony Roberts has passed the following exams: 

  • Series 63 Uniform Securities Agent State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

He is a registered broker in 11 states and is a registered investment adviser in New York and Texas. 

Tony Roberts has registered with the following firms: 

  • MML Investors Services (CRD #: 10409) 
  • MSI Financial Services (CRD #: 14251) 
  • Investors Capital Corp. (CRD #: 30613) 
  • Ladenburg Capital Management (CRD #: 14623) 
  • Duke & Co. (CRD #: 8035) 

Kurta Law Can Help

If you worked with Tonry Roberts 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.

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