Robert Anthony Westropp Jr, of Chicago, Illinois, a stockbroker registered with Sanford C. Bernstein Co. LLC, was the subject of a customer initiated investment related Financial Industry Regulatory Authority (FINRA) securities arbitration claim that was settled for $110,000.00 in damages based upon allegations that Westropp made unsuitable recommendations of alternative investments when Westropp was associated with Sanford C. Bernstein Co. LLC. FINRA Arbitration No. 21-00027 (November 23, 2021).
This is not the first time that Westropp has been referenced in a customer initiated investment related dispute concerning Westropp’s conduct in the securities industry. FINRA Public Disclosure shows that Westropp is also referenced in a customer initiated investment related complaint, in which the customer requested $300,000.00 in damages based upon allegations that Westropp made unsuitable recommendations of hedge funds, given the customer’s risk tolerance and investment objectives during the time that Westropp was associated with Sanford C. Bernstein Co. LLC. This complaint was closed without a resolution.
Westropp Jr has been associated with Sanford C. Bernstein Co. LLC as a stockbroker since December 7, 2000, and associated with AllianceBernstein L.P. as an investment advisor representative since October 5, 2000.
