Robert William Griffin of Poetry Texas a stockbroker formerly employed by Cantella Co. Inc. has been barred from associating with any Financial Industry Regulatory Authority (FINRA) member in any capacity supported by allegations that he failed to provide FINRA with information that had been requested of him.
FINRA Public Disclosure confirms that Griffin had been notified of his suspension through FINRA’s letter dated July 20, 2017. Griffin’s suspension went into effect on August 14, 2017. FINRA reportedly warned Griffin that in order for Griffin’s suspension to be lifted, he would have to comply with FINRA’s requests for information or otherwise request that the suspension be terminated on other grounds by October 22, 2017. Since Griffin failed to comply with FINRA in this respect, he was automatically barred on October 23, 2017.
Financial Industry Regulatory Authority (FINRA) Public Disclosure reveals that Griffin is referenced in six customer initiated investment related disputes pertaining to accusations of his violative conduct during the time that he was associated with Cantella Co. and Chase Investment Services Corp. In particular, on October 6, 2008, a customer initiated investment related complaint regarding Griffin’s conduct was resolved for $50,000.00 in damages founded on allegations of bad advice and misrepresentation concerning the liquidity of corporate debt investments held in the customer’s account.
On October 18, 2007, another customer initiated investment related complaint involving Griffin’s activities was settled to resolve accusations that unauthorized mutual fund trades were placed in the customer’s account. Subsequently, on October 20, 2008, a customer filed an investment related complaint concerning Griffin’s activities where the customer requested $37,148.00 in damages based upon allegations including misrepresentation and suitability regarding the investments held in the customer’s managed account.
On November 9, 2007, a customer initiated investment related complaint regarding Griffin’s conduct was resolved for $37,910.53 in damages supported by accusations that Griffin made misrepresentations to the customer concerning unit investment trust products held in the customer’s account. On August 25, 2009, a customer filed an investment related complaint involving Griffin’s conduct in which the customer sought $99,721.48 in damages founded on allegations that unauthorized trades were effected in a managed account owned by the customer.
Moreover, on February 20, 2014, a customer initiated investment related complaint concerning Griffin’s activities was settled to resolve accusations against Griffin of poor investment advice and the lack of Griffin conducing due diligence on the issuer of corporate debt investments held in the customer’s account.
FINRA Public Disclosure further confirms that Griffin had been terminated from Chase Investment Services Corp based upon allegations that Griffin accrued multiple complaints from customers and had committed violations of the trading and correspondence policies implemented by the firm. Griffin’s registration with Cantella Co. Inc. was terminated on January 23, 2017.
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