Public records published by the Financial Industry Regulatory Authority (FINRA) on May 1, 2017 indicate that former Illinois-based Voya Financial Advisors broker/adviser Robert Witt has received resolved or pending customer disputes and is currently not affiliated with any broker-dealer firm. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Witt (CRD# 2926506).
Robert Witt has spent fourteen years in the securities industry and was most recently registered with Voya Financial Advisors in Libertyville, Illinois (2014-2016). Previous registrations include ING Financial Partners in Bloomington, Illinois (2006-2010); OneAmerica Securities in Indianapolis, Indiana (1997-2006); and American United Life Insurance Company in Indianapolis, Indiana (1997-2001). He has passed four securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination); Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); and Series 6 (Investment Company Products/Variable Contracts Representative Examination)
According to his BrokerCheck report, Robert Witt has received one regulatory sanction and four customer complaints. He also resigned from his former employer in connection to alleged rule violations.
In October 2016 a customer alleged Robert Witt, while employed at Voya Financial Advisors, failed to adequately diversify the account, made unsuitable recommendations, and participated in high-risk margin trading. The complaint settled in February 2017 for more than $3,600.
In August 2016, a customer alleged Robert Witt, while employed at Voya Financial Advisors, failed to follow instructions, failed to properly diversify the account, inappropriately used margin, recommended an unsuitable annuity, and made high risk investment decisions that resulted in losses. The complaint settled for more than $14,500.
In October 2016, he was “permitted to resign” from his position at Voya Financial Advisors following allegation she “conducted transactions in an account without speaking to and obtaining the consent of a party authorized to transact in the account.”
In 2016, a party of claimants alleged he, while employed at Voya Financial Advisors, provided poor advice. The complaint settled for more than $2,100.
In 2013, he was sanctioned by the Indiana Securities Division following allegations he operated an investment advisory business without proper registration. He was ordered to cease and desist and issued a fine of $3,500.
If you or someone you know has complaints regarding Robert Witt, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be entitled to recover lost funds. All cases are taken on a contingency basis: we only receive payment if and when you collect money. Time to file your claim may be limited, so we suggest you avoid delay. Call 877-238-4175 now to speak to an attorney for free.