Norman Arnold Robbins (also known as Norman Arnold Rosenberg) of Boca Raton Florida a stockbroker formerly registered with Summit Brokerage Services is referenced in a customer initiated investment related FINRA securities arbitration claim in which the customer sought $100,000.00 in damages supported by accusations of an overconcentration of their account in commodity funds, real estate investments and energy stocks during the time that Robbins was associated with Summit Brokerage Services. Financial Industry Regulatory Authority (FINRA) Arbitration No. 20-03422 (October 2, 2020).
Robbins has been identified in five additional customer initiated investment related disputes containing allegations of his bad sales practices when he was associated with RLR Securities Group Inc., JT Moran Co Inc., JWGenesis Securities Inc., First Union Securities Financial Network Inc., and Summit Brokerage Services. FINRA Public Disclosure shows that Robbins is the subject of a customer initiated investment related FINRA securities arbitration claim. The customer was awarded compensatory damages founded upon findings of breach of contract relating to stock transactions at RLR Securities Group.
Another customer initiated investment related FINRA securities arbitration claim concerning Robbins’ activities was settled for $15,000.00 in damages based on accusations of negligence and breach of fiduciary duty by Robbins as it pertained to stock trading when he was associated with JT Moran Co. The claim alleges that the customer had been defrauded on stock trades.
Robbins is also referenced in a customer initiated investment related FINRA securities arbitration claim which was settled to resolve allegations that Robbins made misrepresentations regarding municipal debt investments. According to the claim, the customer was placed into unsuitable municipal bonds by Robbins during the period that he was associated with JWGenesis Securities.
Another customer initiated investment related complaint concerning Robbins’ conduct was settled for $9,990.00 in damages supported by accusations that Robbins provided unsuitable recommendations to the customer regarding over-the-counter equities during the time that he was associated with First Union Securities Financial Network.
Robbins is the subject of a different customer initiated investment related FINRA securities arbitration claim that was resolved for $40,000.00 in damages founded on allegations of Robbins violating industry rules relating to his securities transactions at Summit Brokerage Services. FINRA Arbitration No. 20-03316 (September 3, 2021). According to the claim, misrepresentations and omissions had been made regarding real estate securities, oil and gas securities, and direct investments including limited partnership interests and direct participation program interests. The claim also alleges that Robbins provided unsuitable investment advice that resulted in damages to the customer.
Robbins’ registration with Summit Brokerage Services has been terminated as of September 20, 2019. He was also registered as an investment adviser representative of Summit Financial Group Inc. between August 25, 2016, and January 7, 2020. Robbins was registered with Cetera Advisor Networks between September 9, 2019, and January 7, 2020. Since January 3, 2020, he has been a stockbroker and investment adviser representative of Ameriprise Financial Services LLC.
