Former LPL Rep Clifton Roberts Terminated Over Alleged Outside Business Activities

Clifton Roberts

Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on August 7, 2018 indicate that former Texas-based LPL Financial broker/adviser Clifton Roberts, who has received a customer dispute, was discharged from his former employer and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Roberts (CRD# 3201516).

Clifton Roberts has spent 14 years in the securities industry and was most recently registered with LPL Financial in Houston, Texas (2014-2018). Previous registrations include Wells Fargo Advisors in League City, Texas (2012-2014); Chase Investment Services Corporation in Houston, Texas (2006-2012); Walnut Street Securities in El Segundo, California (2004-2005); OppenheimerFunds Distributor in New York, New York (2001-2002); National Planning Corporation in Los Angeles, California (2002); Multi-Financial Securities Corporation in Denver, Colorado (2001); Morgan Stanley DW in Purchase, New York (2000-2001); and Charles Schwab & Company in San Francisco, California (2000). He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on September 8, 2000; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 11, 2000; and Series 7 (General Securities Representative Examination), which he obtained on March 25, 2000. He is currently not registered with any state or firm.

According to his BrokerCheck report, he has received one customer complaint and one denied customer complaint, and he was discharged from his former employer in connection to alleged rule violations.

In April 2018 he was terminated from his position at LPL Financial following allegations he violated firm policy regarding outside business activities.

In 2010 a customer alleged Clifton Roberts, while employed at Chase Investment Services, misrepresented material facts regarding a mutual fund investment. The customer sought unspecified damages in the complaint, which was denied.

In 2008 a customer alleged Clifton Roberts, while employed at Chase Investment Services, gave a poor recommendation and poor advice regarding a managed account. The complaint settled in 2012 for $40,000.

If you or someone you know has lost money investing with Clifton Roberts, call the experienced attorneys at Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited by law, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.

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