Public records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on March 28, 2018 indicate that former Texas-based First Allied Securities broker/adviser William Robertson 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. Robertson (CRD# 823461).
William Robertson has spent 40 years in the securities industry and was most recently registered with First Allied Securities in Deer Park, Texas (2000-2016). Previous registrations include DE Frey & Company in Denver, Colorado (1994-2000); Dean Witter Reynolds in Purchase, New York (1981-1994); Bache Halsey Stuart Shields (1977-1981); Bache Halsey Stuart (1976-1977); and Bache & Company (1976). He has passed seven securities industry examinations: Series 65 (Uniform Investment Adviser Law Examination), which he obtained on August 21, 1995; Series 63 (Uniform Securities Agent State Law Examination), which he obtained on April 18, 1980; Series 5 (Interest Rate Options Examination), which he obtained on December 11, 1982; PC (AMEX Put and Call Exam), which he obtained on June 13, 1977; Series 7 (General Securities Representative Examination), which he obtained on May 15, 1976; Series 4 (Registered Options Principal Examination), which he obtained on November 9, 2006; and Series 24 (General Securities Principal Examination), which he obtained on August 13, 1996. He is currently not registered with any state or firm.
According to his BrokerCheck report, he has received two customer complaints and one pending customer complaint.
In January 2018 a customer alleged William Robertson, while employed at First Allied Securities, recommended made unsuitable investment recommendations, breached his fiduciary duty, misrepresented material facts, failed to disclose risks, and failed in his supervisory duties in connection to investments in non-traded REITs, auction rate securities, unit investment trusts, and municipal bonds. The customer is seeking $22,000,000 in damages in the pending complaint.
In 2009 a customer alleged a broker under William Robertson’s supervision, while employed at First Allied Securities, churned investments, executed unauthorized trades, recommended unsuitable investments, and recklessly used margin. The complaint settled in 2010 for $110,000.
In 1990 a customer alleged William Robertson, while employed at Dean Witter, misrepresented material facts regarding the risk of unsuitable mutual fund investments. The complaint settled for $45,000.
If you or someone you know has complaints regarding William Robertson, 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.