Robert Willis Lester of Rockville Maryland a stockbroker formerly registered with H. Beck Inc. is the subject of a customer initiated investment related written complaint on October 16, 2019 where the customer requested $32,135.00 in damages founded on allegations that Lester made misrepresentations to the customer regarding the fees and risks relating to an annuity that Lester sold while registered with H. Beck Inc.

Lester has been identified in three additional customer initiated investment related disputes containing accusations of his misbehavior while registered with Ryan Beck Company, Prudential Securities Incorporated and AG Edwards Sons Inc. Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that a customer filed an investment related complaint concerning Lester’s activities in which the customer sought $12,000.00 in damages supported by allegations that an investment had been misrepresented by the stockbroker when he was associated with AG Edwards Sons.

Lester is also referenced in a customer initiated investment related written complaint where the customer requested compensatory damages based upon accusations that unauthorized transactions were effected by Lester at Prudential Securities Incorporated. According to the claim, the PSI customer’s preferred stocks were sold without their consent and had been used for the purchase of an unauthorized annuity purchase.

Another customer filed an investment related complaint involving Lester’s conduct in which the customer sought more than $5,000.00 in damages founded on allegations of them being sold unsuitable annuity riders during the period that Lester was associated with Ryan Beck Company.

Lester was registered with H. Beck between October 29, 2018 and April 1, 2021. Since October 26, 2018, he has been a stockbroker of Grove Point Investments LLC. Since April 1, 2021, he has been an investment adviser representative of Grove Point Advisors LLC.

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