Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) and accessed on October 9, 2017 indicate that former New York-based Raymond James Financial Services broker/adviser Robert Scherzer has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in hearing from investors who have complaints regarding Mr. Scherzer (CRD# 1872092).
Robert Scherzer has spent 27 years in the securities industry and was most recently registered with Raymond James Financial Services in New York, New York (2014-2015). He was previously registered with Princor Financial Services in New York, New York (1988-2014). He has passed four securities industry examinations: Series 63 (Uniform Securities Agent State Law Examination); Series 7 (General Securities Representative Examination); Series 6 (Investment Company Products/Variable Contracts Representative Examination); and Series 24 (General Securities Principal Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Robert Scherzer was recently sanctioned by FINRA in connection to alleged rule violations.
In October 2017 FINRA sanctioned him following allegations he “participated in a series of private securities transactions involving a total of $400,000 in investments from five individuals, without providing prior written notice to and receiving approval from his firm.” FINRA’s findings state further: “none of the individuals were customers of the firm and Scherzer did not receive selling compensation for his participation in these transactions. The findings also stated that Scherzer also personally invested in the company and obtained his firm’s approval for that investment. However, Scherzer did not seek or obtain approval from his firm prior to participating in the private securities transactions by these five individuals, nor did he disclose, in writing to the firm, his participation in them.” He was issued a fine of $5,000 and a 3-month suspension from associating with any FINRA member in any capacity.
If you or someone you know has lost money investing with Robert Scherzer, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be eligible to recoup your losses. Fitapelli Kurta accepts all cases on a contingency basis: we only get paid if and when you collect money. Time to file your claim may be limited, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.