Robert Wayne Warther of Akron Ohio a stockbroker formerly registered with Cambridge Investment Research Inc. is referenced in a customer initiated investment related written complaint on November 2, 2016 where the customer requested damages estimated to exceed $5,000.00 supported by allegations that the customer was placed in a fixed annuity that was not suitable for the customer.
Financial Industry Regulatory Authority (FINRA) Public Disclosure confirms that Warther is referenced in three more customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Securities America Inc., Cambridge Investment Research Inc. and Mutual Service Corporation. Particularly, on December 6, 2001, a customer filed an investment related complaint regarding Warther’s activities in which the customers sought compensatory damages founded on allegations that they were not provided adequate information about the nature of the investments purchased, and the customers assets were inappropriately placed into a variable annuity instead of mutual funds.
On June 10, 2002, another customer filed an investment related complaint concerning Warther’s conduct where the customer requested unspecified damages based upon accusations that the terms and conditions of the customer’s insurance policy had not been reasonably explained to the customer, misrepresentations were made with respect to the terms of the insurance policy purchased by the customer, and the customer was placed into an annuity before the customer was even provided information about his financial plan. Then, on September 30, 2015, a customer filed an investment related complaint involving Warther’s activities in which the customer sought $8,149.12 in damages supported by allegations that Warther failed to provide adequate information to the customer regarding a 1035 Exchange into a variable annuity issued by Allianz.
FINRA Public Disclosure further reveals that Warther was discharged by prior employer, LPL Financial LLC, founded on accusations that Warther corresponded with prospective investors in a manner which violated LPL Financial policy.
Warther’s registration with Cambridge Investment Research Inc. has been terminated as of December 31, 2016. He has been employed by Independence Capital Co. Inc. since January 9, 2017.
