Robert Doyle of Axiom Capital: $1M Customer Complaint

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Updated on: October 3, 2023

Investment Losses with Robert Doyle? Contact KlaymanToskes

National investment loss lawyers KlaymanToskes is investigating Robert Doyle (CRD# 2309859) of Axiom Capital Management, following the filing of a customer complaint alleging $1,000,000 in damages due to excessive trading and unauthorized use of discretion in the customer’s account. 

Investors that suffered losses with Robert Doyle may be entitled to a financial recovery. Contact attorney Lawrence L. Klayman, Esq., for a free consultation to discuss recovery options at 888-997-9956 or lawrence@klaymantoskes.com. We do not collect attorney’s fees unless we are able to obtain a financial recovery for you.

Robert Doyle: $1M Investor Complaint for Unauthorized Discretion

According to FINRA BrokerCheck, Robert Doyle is currently registered as a broker with Axiom Capital Management in New York, NY. 

Robert Doyle has been hit with a customer complaint alleging $1,000,000 in damages due to unsuitability, unauthorized use of discretion in the client’s account, and excessive trading. The client further alleges that the complaint relates to options investments.  

Discretionary Accounts (FINRA Rule 3260): 

When financial advisors have received written “discretionary” authorization, they must not misuse or exceed that authority by engaging in excessive trading, churning, or recommending unsuitable investment strategies. 

Under FINRA Rule 3260(b), no registered representative “shall exercise any discretionary power in a customer’s account” without prior written authorization by the customer and written acceptance by the member.

Excessive transactions could be deemed a breach of fiduciary duty and a FINRA sales practice violation, exposing the brokerage firm and its representative to liability for unauthorized trading or other misconduct. 

A violation of Rule 3260(b) is also a violation of FINRA Rule 2010, which requires brokerage firms and their registered representatives to “observe high standards of commercial honor and just and equitable principles of trade.”

KlaymanToskes can help you determine if your investment loss is due to unsuitable investment advice. Depending on your circumstances, you may be entitled to recover losses through FINRA arbitration. KlaymanToskes works on a contingency basis, meaning we do not collect a fee unless we are able to obtain a financial recovery for you.

Former and current customers of Robert Doyle who suffered investment losses are encouraged to contact attorney Lawrence L. Klayman, Esq. at (888) 997-9956 or lawrence@klaymantoskes.com to discuss our investigation and your recovery options. 

About KlaymanToskes

KlaymanToskes is a leading national securities law firm which practices exclusively in the field of securities arbitration on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm has recovered over $250 million in FINRA arbitrations and over $350 million in other securities litigation matters. KlaymanToskes has office locations in California, Florida, New York, and Puerto Rico.


KlaymanToskes, P.A.
Lawrence L. Klayman, Esq.