Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on December 22, 2017 indicate that former Georgia-based Sterne Agee Financial Services broker/adviser Robert Wilder has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Wilder (CRD# 2559813).
Robert Wilder has spent 21 years in the securities industry and was most recently registered with Sterne Agee Financial Services in Atlanta, Georgia (2013-2015). Previous registrations include Triad Advisors in Atlanta, Georgia (2009-2013); Morgan Keegan & Company in Atlanta, Georgia (2005-2009); AG Edwards & Sons in St. Louis, Missouri (1994-2005); and Equity Services in Montpelier, Vermont (1994). He has passed four securities industry examinations: Series 66 (Uniform Combined State Law Examination), which he obtained on September 25, 2003; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on November 16, 1994; Series 7 (General Securities Representative Examination), which he obtained on November 8, 1994; and Series 8 (General Securities Sales Supervisor Examination [Options Module & General Module]), which he obtained on December 2, 1998. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received one FINRA sanction, two customer complaints, and two customer complaints which were closed with no action taken.
In November 2017 FINRA sanctioned him following allegations he participated in private securities transactions without providing prior written notice to, or receiving approval from, his member firms. FINRA’s findings stated he “formed and organized a start-up investment advisory business and solicited at least four individuals to purchase promissory notes” which the business issued. He allegedly participated in the sales of these notes to these individuals, “some of whom were customers of the firms,” totaling $200,000 He was issued a fine of $5,000 and a three-month suspension from associating with any FINRA member in all capacities.
In 2009 a customer alleged Robert Wilder, while employed at Morgan Keegan & Company, recommended unsuitable trades and executed unauthorized transactions involving exchange-traded fund products. The complaint settled in 2010 for $23,500.
In 2005 a customer alleged Robert Wilder, while employed at AG Edwards & Sons, breached his fiduciary duty, acted negligently, committed fraud, and misrepresented material facts related to an investment. The complaint settled in 2006 for $40,000.
In 2001 a customer alleged Robert Wilder, while employed at AG Edwards & Sons, executed unauthorized trades, misstated facts, breached his fiduciary duty, and churned the account. The customer sought unspecified damages in the complaint, which was closed.
In 1999 a customer alleged he, while employed at AG Edwards & Sons, implemented an unauthorized margin agreement, misrepresented and omitted material facts, and executed an unauthorized distribution of funds from an IRA to a joint account. The customer sought unspecified damages in the complaint, which was closed.
If you or someone you know has a complaint regarding Robert Wilder, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.