Robert Douglas Armstrong of Boca Raton, Florida, a stockbroker currently registered with Dawson James Securities Inc., is identified in a customer initiated investment related FINRA securities arbitration claim which was resolved for $123,000.00 in damages founded on accusations of unsuitable investment recommendations by Armstrong concerning limited partnership interests or direct participation program interests while Armstrong was employed by Dawson James Securities. Financial Industry Regulatory Authority (FINRA) Arbitration No. 18-04394 (November 9, 2021). According to the claim, the securities broker dealer failed to provide full disclosures to the customer and had made misstatements concerning the alternative investments. The claim also alleges that the customer’s account had not been invested prudently.
FINRA Public Disclosure shows that Armstrong has been identified in seven additional customer initiated investment related disputes concerning allegations of his activities while he was associated with securities broker dealers, including Dawson James Securities. Armstrong is the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $10,000.00 on March 19, 2019, supported by accusations of unsuitable recommendations and failure to provide disclosures concerning direct investments. FINRA Arbitration No. 18-04345.
Armstrong is referenced in a different customer initiated investment related FINRA securities arbitration claim which was resolved for $150,000.00 in damages based upon allegations of unsuitable recommendations by Armstrong concerning a promissory note investment when he was registered with Dawson James Securities. FINRA Arbitration No. 18-00944 (July 1, 2019). The claim alleges that misleading and false assurances had been made about the promissory notes.
Another customer initiated investment related FINRA securities arbitration claim regarding Armstrong’s conduct was resolved for $62,500.00 in damages supported by allegations of misrepresentation as it relates to the direct investments held by the customer because of Armstrong and Dawson James Securities. FINRA Arbitration No. 18-00502 (June 24, 2019). According to the claim, Armstrong provided unsuitable recommendations to the customer as it pertained to DPPs and LPs.
Armstrong is also the subject of a customer initiated investment related FINRA securities arbitration claim which was settled for $96,000.00 in damages based upon accusations of promissory statements, misrepresentations, and unsuitable recommendations concerning the customer’s investments through Armstrong and Dawson James Securities. FINRA Arbitration No. 18-01351 (October 2, 2019).
The stockbroker is additionally identified in a customer initiated investment related FINRA securities arbitration claim which was settled for $35,000.00 in damages founded on accusations of negligence concerning the customer’s investments in direct participation program interests or limited partnership interests. FINRA Arbitration No. 19-00123 (July 8, 2021). The claim alleges misstatements, omissions, and poor recommendations concerning the alternative investment.
Armstrong has been registered with Dawson James Securities since August 10, 2012.
