Robin Dewayne Walls of Shakopee Minnesota a stockbroker formerly registered with Capital Financial Services Inc. is the subject of a customer initiated investment related arbitration claim which settled for $95,000.00 in damages supported by accusations that Walls sold the customer unsuitable and illiquid alternative investments including oil and gas products and direct participation program or limited partnership interests. Financial Industry Regulatory Authority (FINRA) Arbitration No. 17-02363 (Aug. 10, 2018).
FINRA Public Disclosure confirms that Walls is referenced in four additional customer initiated investment related disputes pertaining to allegations of his misconduct while employed with Questar Capital, Fintegra, LLC and Capital Financial Services Inc. Specifically, a customer initiated investment related arbitration claim regarding Walls’ activities was resolved for $112,500.00 in damages founded on accusations that Walls placed the customers in unsuitable AMCC stock, causing the customer to incur unwarranted investment losses. National Association of Securities Dealers (NASD) Arbitration No. 02-00935 (Aug. 15, 2003).
Thereafter, a customer initiated investment related arbitration claim concerning Walls’ conduct was settled for $9,900.00 in damages supported by allegations against Walls of unsuitability with regard to the stock and mutual fund investments held in the customer’s investment account. NASD Arbitration No. 04-02903 (May 18, 2005). On August 9, 2012, another customer filed an investment related complaint involving Walls’ activities in which the customer requested damages estimated to exceed $5,000.00 in based upon accusations of theft and insider trading.
Subsequently, a customer initiated investment related arbitration claim involving Walls’ activities was resolved for $75,000.00 in damages supported by allegations that Walls sold the customer alternative investments, including real security, oil & gas, equipment leasing and direct investment products, that were inappropriate for the customer. FINRA Arbitration No. 17-00783 (Aug. 10, 2018).
Walls has been employed by Capital Financial Services Inc. since July 6, 2012.
The information contained herein has been obtained from reliable sources however may not be accurate and is not guaranteed by us. Readers are encouraged to undertake their own independent investigation and evaluation of the relevant facts. All claims and allegations are subject to adjudication, decisions may be subject to appeal, and no inference is intended, nor should any inference be made from any information contained herein from any source.
This posting and the information on our website is for general information purposes only. This content should be not considered legal advice, and any responses, comments, e-mails, other communications do not form any attorney client relationship. Attorney Advertisement. See Important Disclaimer
Guiliano Law Group
Our practice is limited to the representation of investors. Over the last three decades, we have recovered more than a hundred million dollars for more than 1,000 injured investors from all over the United States and several foreign countries. We accept representation purely on a contingent fee basis, meaning there is no cost to you unless we make a recovery for you. There is never any charge for a confidential consultation or an evaluation of your claim. For more information, contact us at (877) SEC-ATTY.
For more information concerning common claims against stockbrokers and investment professionals, please visit us at securitiesarbitrations.com
To learn more about FINRA Securities Arbitration, and the legal process, please visit us at securitiesarbitrations.com
