Public records published by the Financial Industry Regulatory Authority (FINRA) on June 30, 2017 indicate that New York-based Key Investment Services broker Robert Hope has been the subject of a customer dispute. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Hope (CRD# 1171370).
Robert Hope has spent 32 years in the securities industry and has been registered with Key Investment Services in Albany, New York since 2006. Previous registrations include McDonald Investments in Colonie, New York; Key Investments in Cleveland, Ohio; Mercer Allied Corporation in Albany, New York; Painewebber in Weehawken, New Jersey; Merrill Lynch; and Baird Patrick & Company. He has passed three securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), Series 63 (Uniform Securities Agent State Law Examination), and Series 7 (General Securities Representative Examination). He is a registered broker with 19 US states and territories.
According to his BrokerCheck report, Robert Hope has received one customer complaint.
In October 2016 a customer alleged Mr. Hope, while employed at Key Investment Services, over-concentrated the account/s and made unsuitable mutual fund investment recommendations. The complaint settled in December 2016 for $45,000.
Mutual funds are an investment class that combines a collection of stocks, bonds, or other securities into a portfolio. Each share of a portfolio represents the investor’s ownership of the fund’s holdings and the income generated by these holdings. They generally create money for investors either by way of dividends on stocks and interests on bonds, or a capital gain on the sales of securities. They allow investors to receive a check for the distributions or reinvest the earnings into more shares. Mutual funds can be inexpensive and simple to purchase, and generally allocate risk well. Many mutual funds may come with hidden fees, however, and/or trigger a capital gains tax when the securities are sold. Brokers and investment advisers who recommend unsuitable mutual fund products may be subject to disciplinary action from FINRA, the Securities and Exchange Commission, or state authorities.
If you or someone you know has lost money investing with Robert Hope, 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, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.