Robert Bartlett Roach III of Little Rock Arkansas a stockbroker formerly employed by Raymond James Financial Services Inc. and advisor with Raymond James Financial Services Advisors Inc. has been discharged by the firm on May 7, 2018 supported by allegations that Roach effected unit investment trust and syndicate trades in customer accounts despite the transactions failing to be suitable for the customers.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Roach is referenced in two additional customer initiated investment related disputes pertaining to accusations of Roach’s sales practice violations during the period that he was registered with Morgan Stanley. Specifically, on June 18, 2001, a customer filed an investment related complaint concerning Roach’s conduct where the customer requested $100,000.00 in damages based upon allegations that the customer’s instructions of liquidating common stock investments had been ignored.
Thereafter, on June 25, 2003, a customer initiated investment related complaint regarding Roach’s activities was settled for $40,000.00 in damages supported by allegations that mutual fund trades executed in the customer’s account were neither suitable nor authorized by the customer.
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