Dennis Robberecht (also known as Dennis Robreck and as Dennis Robbercht) of Roseville California a stockbroker currently associated with Hilltop Securities Inc. has been referenced in a customer initiated investment related written complaint on January 13, 2020 in which the customer requested $46,000.00 in damages supported by allegations that misrepresentations had been made about securities by Robberecht and that the customer incurred poor performance on unit investment trust and municipal debt transactions because of Robberecht’s actions at Hilltop Securities.
Robberecht has been identified in five additional customer initiated investment related disputes concerning accusations of his misconduct when the stockbroker was employed by M.L. Stern Co. Inc., Southwest Securities Inc. and Hilltop Securities. Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that a customer initiated investment related arbitration claim in reference to Robberecht’s conduct was resolved for $40,000.00 in damages based upon accusations that a fiduciary duty that was owed to the customer had been breached by Robberecht during the time that he was associated with M.L. Stern. According to the claim, unsuitable transactions were effected by the stockbroker. The claim also alleges breach of contract and negligence by Robberecht which led to losses being incurred in the customer’s account.
Another customer filed an investment related complaint involving Robberecht’s conduct in which the customer requested $93,000.00 in damages based upon allegations that municipal debt trades were effected in the customer’s account by Robberecht in an excessive manner resulting in losses to the customer’s investment portfolio at M.L. Stern. The stockbroker is also the subject of a customer initiated investment related written complaint in which the customer requested $240,000.00 in damages based upon allegations that collateralized mortgage obligations, mutual funds and closed end funds had been executed in the customer’s M.L. Stern account on an unauthorized and unsuitable basis by Robberecht.
An additional customer filed an investment related complaint concerning Robberecht’s activities where the customer sought $71,952.22 in damages founded on accusations that the customer’s instructions of stopping the execution of closed-end funds and municipal debt orders had been disregarded by Robberecht while he was employed by Southwest Securities. Robberecht has also been identified in a customer initiated investment related written complaint on June 13, 2019 where the customer sought damages estimated to exceed $5,000.00 founded on accusations that unauthorized transactions were executed in the customer’s Hilltop Securities account.
Robberecht has been associated with Hilltop Securities since November 17, 2008.