Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 28, 2017 indicate that former Arizona-based JP Morgan Securities broker/adviser Robert Stewart has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Stewart (CRD# 5746657).
Robert Stewart has spent four years in the securities industry and was most recently registered with JP Morgan Securities in Chino Valley, Arizona (2012-2015). Previous registrations include Chase Investment Services in Fountain, Colorado and Edward Jones in Peoria, Arizona. He is currently not registered with any state or firm.
According to his BrokerCheck report, Robert Stewart has been sanctioned by FINRA and was discharged from his former employer.
In February 2017 FINRA sanctioned him following allegations he “falsified documents by submitting customer account transfer forms using photocopied signatures and caused his member firm to have inaccurate books and records.” FINRA’s findings state further: “Stewart obtained customer signatures on blank account transfer forms and attached photocopies of the corresponding signature pages to other account transfer forms he completed and submitted to his firm. Thus, Stewart submitted to the firm customer account transfer forms that these customers did not actually sign (or review), and he caused the firm to maintain documents that inaccurately appeared to have been signed by customers when, in fact, the documents had not been signed.” FINRA also found that Mr. Stewart “exercised discretion by accepting the instructions of unauthorized third-parties and failed to confirm the orders of the customer” when he “received trading instructions concerning customer accounts via email from non-FINRA registered employees of the banking affiliate of his firm” on multiple occasions. He was issued a four-month suspension and a fine of $7,500.
In 2015 he was terminated from his position at JP Morgan Securities following allegations he “admitted to using a client’s transfer document signature page and used it to complete additional account transfer documents” and “accepted trade instruction via email in violation of firm policy.”
If you have lost money investing with Robert Stewart, you may be entitled to recoup your losses. Call 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.