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Broker Misconduct Investigation: Robert Rumley III (William Blair and William Blair & Company L.L.C.)

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Updated on: March 15, 2024

National investment loss lawyers KlaymanToskes is investigating Robert Rumley III of William Blair and William Blair & Company L.L.C. (CRD #4474706).

According to his CRD report, Robert Rumley III, currently registered with William Blair and William Blair & Company L.L.C., is under investigation for a complaint made in August 2023, alleging that he did not manage a client’s accounts in her best interest from 2013 to 2021 while he was registered with Morgan Stanley.

Investors that suffered losses with Robert Rumley III (William Blair and William Blair & Company L.L.C.) 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.

Robert Rumley III Faces Customer Complaints Over Account Mismanagement

Robert Rumley III, a financial advisor, has faced two different customer complaints. The first of these complaints was field in 2013, and the latest complaint was filed in 2023.

One of these complaints was dismissed without any action taken, while the other is currently under review.

The most recent complaint, filed in August 2023, is still pending. The client has alleged that her accounts were not managed in her best interest between the years 2013 and 2021. The specific details of the complaint are yet to be disclosed, but it pertains to an issue with a non-broker dealer affiliate product.

Who is Robert Rumley III of William Blair and William Blair & Company L.L.C.?

Robert Rumley III is a broker has been registered with William Blair and William Blair & Company L.L.C. since 2021. He was previously registered with Morgan Stanley from 2011 to 2021. He is the subject of two customer complaints, one regarding non-brokerage affiliate products that took place while he was employed by Morgan Stanley, and another regarding allegations that his accounts had not been managed in his best interests from 2013-2021. The second case is currently pending.

Signs Investors Should Look Out For About Their Brokerage Accounts

As an investor, there are a few signs that you should look out for if you believe you may have a claim against Robert Rumley III. These signs could potentially indicate misconduct, negligence, or investment fraud. Investors are encourage to contact our firm immediately if you have experienced any of the following:

  • You have substantial losses in your investment accounts
  • You received a call, email, or other communication from your broker’s supervisor or manager regarding your portfolio
  • Your broker misrepresented investment opportunities, or failed to disclose details about investments
  • You notice unauthorized transactions in your investment accounts
  • Your broker is not returning your calls or emails
  • You filed a complaint with your brokerage firm that has not been resolved
  • You see a mistake on your statement, or receive a fraudulent statement

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.

Engaging the services of an experienced securities attorney to evaluate your specific circumstances 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 Robert Rumley III, or have concerns regarding your investment portfolio at William Blair and William Blair & Company L.L.C., contact KlaymanToskes at 888-997-9956 or fill out a short contact form for a free and confidential consultation.