Robert Morgan Vance, of Sonora, California, a stockbroker registered with Moloney Securities Co. Inc., is the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim in which the customer requested compensation based upon allegations that Vance was negligent in connection with the sale of corporate bonds and made unsuitable investment recommendations to the customer during the time that Vance was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 24-00556 (March 20, 2024).
FINRA Public Disclosure shows that Vance is referenced in fourteen (14) other customer initiated investment related disputes concerning Vance’s conduct while associated with securities broker dealers. On May 29, 2024, a customer initiated investment related FINRA securities arbitration claim involving Vance’s conduct was settled for $63,978.53 in damages based upon allegations that Vance made unsuitable recommendations in corporate bonds and had been negligent when Vance was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 23-01052.
On May 16, 2024, a securities arbitration claim involving Vance’s conduct was settled for $23,250.00 in damages based upon alleged negligence in connection with the sale of corporate bonds. FINRA Arbitration No. 23-01704.
On October 30, 2023, a customer filed a FINRA securities arbitration claim involving Vance’s conduct in which the customer requested $1,000,000.00 in damages based upon allegations that Vance acted negligently in the customer’s account. FINRA Arbitration No. 23-03092.
Vance is also referenced in a FINRA securities arbitration claim in which the customer requested $500,000.00 in damages based upon alleged negligence in bond sales. FINRA Arbitration No. 23-02828 (October 23, 2023).
On October 30, 2023, a customer filed a FINRA securities arbitration claim involving Vance’s conduct in which the customer requested $500,000.00 in damages based upon allegations that Vance made unsuitable recommendations in corporate bonds when Vance was associated with Moloney Securities Co. Inc. FINRA Arbitration No. 23-03127.
On May 11, 2023, Vance became the subject of an investigation initiated by Securities and Exchange Commission (SEC) into allegations that Vance violated Regulation Best Interest.
Vance was associated with Moloney Securities Co. Inc. in Sonora, California from June 15, 2016, to November 15, 2023.
