National investment loss lawyers KlaymanToskes is investigating broker Robert Turner (CRD# 2113736) of UBS Financial Services and Stifel, Nicolaus, & Co., who has been permanently barred from acting as a broker by the Financial Industry Regulatory Authority (“FINRA”) following allegations that he participated in private securities transactions through the sale of fixed annuities, without providing notice to his member firm. FINRA’s findings stated that Turner marketed, recommended, and sold fixed annuities offered by an entity formed by his college friend and business acquaintance to customers of his firm, who collectively invested over $7.2 million in the entity.
According to FINRA BrokerCheck, broker Robert Turner a/k/a Robert Earl Turner Jr. was previously registered with UBS Financial Services from 1996 until October 2021, when the firm filed an amended Uniform Termination Notice for Securities Industry Registration (“Form U5”) disclosing that the firm had initiated an internal investigation into Turner due to “[c]oncerns raised regarding disbursements from client accounts, purportedly for investments not offered on the UBS platform.”
On April 14, 2022, UBS filed an additional amended Form U5 which disclosed that UBS had concluded its investigation into Turner, and further disclosed that “[t]he firm concluded that Robert Turner knowingly caused clients to send funds to a fraudulent entity.” Turner was also registered as a financial advisor with Stifel, Nicolaus, & Co. from September 2022 to February 2022 in Waco, TX.
Investors that suffered losses with broker Robert Turner are encouraged to contact attorney Lawrence L. Klayman, Esq., at 888-997-9956 or by email at lawrence@klaymantoskes.com to discuss recovery options. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.
KlaymanToskes is a leading national investment loss law firm that represents the interests of investors throughout the world who have suffered losses due to broker misconduct, investment fraud, and securities violations.
The articles linked below contain important information relating to KlaymanToskes’ investigation of broker Robert Turner:
If you suffered losses with broker Robert Turner, contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.
The firm has helped recover over $600 million* for investors, and can help you determine if your loss is due to financial advisor misconduct, unsuitable investment advice, and/or other securities violations.
*Exclusive of attorneys fees and costs.
As an investor, there are a few signs that you should look out for if you believe you may have a claim against broker Robert Turner. These signs could potentially indicate broker misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:
Some investors have close relationships with their brokers due to the time and trust built over the course of their investment relationship. However, it is crucial to remember that financial decisions should be based on careful analysis and due diligence rather than solely relying on personal relationships.
According to FINRA and the SEC, investment firms such as UBS Financial Services and Stifel, Nicolaus, & Co. are responsible for the supervision of all of the activities of their registered brokers and investment advisors. Investors may be entitled to a financial recovery if their brokerage firm failed to supervise the representative managing their brokerage account, and/or if their broker/advisor made unsuitable investment recommendations.
Engaging the services of an experienced securities attorney to evaluate the specific circumstances of your case is strongly advised. At KlaymanToskes, our team of experienced securities attorneys has a deep understanding of this complex area of law, allowing us to provide invaluable insight and tailored guidance that directly addresses your individual needs.
If you suffered losses with broker Robert Turner, or have concerns regarding your investment portfolio at UBS Financial Services and/or Stifel, Nicolaus, & Co., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.