According to a recent Letter of Acceptance, Waiver and Consent (AWC) with the Financial Industry Regulatory Authority (FINRA), Norris Roberts Jr. was barred from the industry for failing to show up at a hearing against him. He was being investigated for suspicious activity that led federal agents to uncover an illegal gambling operation in Arkansas. It was alleged that he was involved in an illegal gambling business in his home town in Arkansas, according to ArkansasBusiness.com. FINRA’s AWC claimed that Mr. Roberts was structuring withdrawals from his personal bank account in order to avoid his bank having to file currency transaction reports. Mr. Roberts was terminated by his former employer, Stephens Inc. following its review of a published report and supporting materials containing allegations that he had engaged in illegal activities. This was according to a recent InvestmentNews article.
According to Roberts’ online, public BrokerCheck report with FINRA, he was previously registered with Morgan Stanley in Purchase, New York from May 2001 until January 2004, Merrill Lynch in Rogers, Arkansas from December 2003 until September 2014, and Stephens in Rogers from September 2014 until August 2017. He has one customer dispute against him, alleging failure to reallocate a portfolio as requested, making investment recommendations that were not suitable with the customer’s investment objectives, and misrepresenting and omitting material facts regarding an investment from December 2010 until December 2013. He has one regulatory matter against him. He has been permanently barred from the industry. We may be able to help you recover your investment losses on a contingency fee basis in the FINRA arbitration forum.
The posting on this site are mere OPINIONS and NOT statements of fact in any way whatsoever. The information should not be relied upon and there have been no findings made against the firms or individuals referenced on this site. In addition, this Blog is made available for educational purposes only and incorporates information from the web as well as to give you general information and a general understanding of the law, not to provide specific legal advice. By using this blog site you understand that there is no attorney client relationship between you and Stoltmann Law Offices (161 N Clark Street 16th Floor Chicago, IL 60601). The Blog opinions should not be used as a substitute for competent legal advice from a licensed professional attorney in your state.
PLEASE NOTE THIS IS ADVERTISING AND IT IS NOT A NEWSPAPER ARTICLE OR POST FROM AN INDEPENDENT OR NON-BIASED, NEWS SITE, NEWS SOURCE OR NEWSPAPER.