Robert C. Fross, of The Villages, Florida, a stockbroker formerly registered with SII Investments Inc., is referenced in a customer initiated investment related FINRA securities arbitration claim which was settled for $14,999.00 in damages supported by allegations that the customer was placed into an unsuitable real estate investment trust by Fross during the time that he was associated with SII Investments. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-00270 (March 30, 2021).

Fross has been identified in three additional customer initiated investment related disputes regarding accusations of his harmful actions while employed by SII Investments. FINRA Public Disclosure shows that Fross is the subject of a customer initiated investment related written complaint where the customer sought compensatory damages founded upon allegations of them being placed into unsuitable annuities with restrictions on accessing money. According to the claim, the customer was not sold risk-free investments contrary to her instructions.

Fross is also referenced in a customer initiated investment related FINRA securities arbitration claim that was resolved for $14,000.00 in damages based on accusations of unsuitable real estate investment trust purchases because of Fross and SII Investments. According to the claim, the customer was inappropriately switched from annuities to illiquid REITs.

Another customer filed an investment related complaint concerning Fross’ conduct. They requested $144,368.53 in damages supported by allegations of bad real estate securities purchases because of Fross and SII Investments.

Fross was registered with SII Investments as a stockbroker and investment adviser representative between June 18, 2007, and February 15, 2018. Since February 14, 2018, Fross has been registered with LPL Financial LLC as a stockbroker and investment adviser representative.

Tags: , ,

Comments are closed.