Georgia-based Allstate Financial Services broker Robert Cross has been permanently barred from acting as a broker or otherwise associating with firms that sell securities to the public. The securities and investment fraud law firm Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Cross (CRD# 2978747).
Robert Cross has spent nine years in the securities industry and was most recently registered with Allstate Financial Services in Rome, Georgia (2006-2013). He was previously registered with Multi-Financial Securities Corporation in Rome, Georgia (2004-2006) and NYLife Securities in New York, New York (2003-2004). He is currently not registered with any state or firm.
According to his BrokerCheck report, Robert Cross is the subject of one regulatory sanction and one customer complaint.
In February 2016 FINRA barred Robert Cross following allegations he “failed to appear for on-the-record testimony requested by FINRA during the course of its investigation into his outside business activities, financial reporting obligations, and whether he accepted unapproved loans from a customer while engaging in a private securities transaction.”
In 2014 a customer alleged Robert Cross, while employed at Allstate Financial Services, breached his contract, committed fraud, converted funds, and acted negligently. The complaint settled in 2015 for $300,000, to which Mr. Cross individually contributed $300,000.
If you have lost money investing with Robert Cross, you may be entitled to recover your losses. Call the securities and investment fraud law firm Fitapelli Kurta at 877-238-4175 for a free consultation. All cases are taken on a contingency basis, which means we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.
All information in this article made public by FINRA on April 18, 2016.