Advisor Alert: Our Attorneys Are Investigating Norman Arnold Robbins For Investment Fraud
Did You Lose Money Because of Norman Robbins?
Filed: November 15, 2023
Norman Rosenberg (also known as Norman Robbins) has been the subject of one (1) regulatory event and six (6) customer complaints. As an investor, you may be entitled to compensation for losses accrued due to mismanagement of your investments.
Let’s begin our Patil Law Advisor Alert with a summary report on Norman Arnold Robbins.
Who Is Norman Arnold Robbins of Ameriprise Financial Services, LLC?
- Advisor Name: Norman Arnold Robbins
- Aliases: Norman Arnold Rosenberg, Norman Robbins
- CRD: 731352
- Location: Boca Raton, Florida
- Current Employer: Ameriprise Financial Services, LLC
- Previous Firms: Cetera Advisor Networks LLC, Summit Financial Group Inc., and Summit Brokerage Services, Inc.
- Number of Known Customer Complaints: 6
- Number of Known Regulatory Events: 1
- Can Norman Robbins Be Sued: Yes, in Private Arbitration
- Can Norman Robbins’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $100,000
- Highest Settlement: $40,000
If you have suffered investment losses by Norman Robbins, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining an investment fraud lawyer. Reach out to the legal team at Patil Law, P.C. via the secure online form or call the firm directly toll-free at 1-800-950-6553.
Customer Complaints Filed Against Norman Robbins For Broker Misconduct
As of this publication date, Norman Robbins has been the subject of 1 regulatory event and 6 customer disputes. Let’s review them below.
In October 2020, a FINRA arbitration was filed against or in reference to Norman Robbins by a customer of Summit Brokerage Services, Inc. alleging overconcentration in real estate investments, commodity funds and energy stocks. Per the customer, he/she lost over $100,000 because of Mr. Robbins’s actions. On July 16, 2021, Mr. Robbins settled the claim for $10,000, and some or all of this amount may have been paid by Mr. Robbins’s employer and/or insurance carrier.
In September 2020, a FINRA arbitration was filed against or in reference to Norman Robbins by multiple customers of Summit Brokerage Services, Inc. alleging unsuitable investment recommendations, misrepresentations and omissions of material information, violations of Summit Brokerage’s policies and procedures, and violations of securities industry rules. Per the customers, they lost over $100,000 because of Mr. Robbins’s actions. On September 3, 2021, Mr. Robbins settled the claim for $40,000, and some or all of this amount may have been paid by Mr. Robbins’s employer and/or insurance carrier.
In July 2001, a complaint was filed against or in reference to Norman Robbins by a customer of First Union Securities Financial Network, Inc. alleging unsuitable recommendations. Per the customer, he/she lost over $70,000 because of Mr. Robbins’s actions. On November 23, 2001, Mr. Robbins settled the claim for $9,990, and some or all of this amount may have been paid by Mr. Robbins’s employer and/or insurance carrier.
In January 2001, a NASD arbitration was filed against or in reference to Norman Robbins by a customer of JWGenesis Securities, Inc. alleging unsuitable trades misrepresentation. Per the customer, he/she lost over $45,000 because of Mr. Robbins’s actions. On November 20, 2001, Mr. Robbins settled the claim for $2,000, and some or all of this amount may have been paid by Mr. Robbins’s employer and/or insurance carrier.
In September 1990, a complaint was filed against or in reference to Norman Robbins by a customer of JT Moran & Co. alleging fraud, deceit, breach of fiduciary duties and negligence while employed at JT Moran & Co. Per the customer, he/she lost over $50,000 because of Mr. Robbins’s actions. On July 19, 1993, Mr. Robbins settled the claim for $15,000.
In March 1990, Marylanc initiated a regulatory action against or in reference to Norman Robbins for failing to amend form U-4.
In December 1989, a NASD arbitration was filed against or in reference to Norman Robbins for breach of contract. Per the customer, he/she lost over $20,000 because of Mr. Robbins’s actions. An arbitration panel found that Norman Robbins was negligent and awarded $2,327.90 in favor of the customers.
How To File A Claim Against Norman Robbins of Ameriprise Financial Services, LLC (previously with Cetera Advisor Networks LLC, Summit Financial Group Inc., and Summit Brokerage Services, Inc.) To Get Your Money Back.
If you have questions about Norman Robbins, Ameriprise Financial Services, LLC, Cetera Advisor Networks LLC, Summit Financial Group Inc., Summit Brokerage Services, Inc., or the management or performance of your accounts, please contact Attorney Patil for a free initial consultation via email or toll free at 1-800-950-6553.