Did You Lose Money Because of Robert Blake?
Filed: October 25, 2023
Robert Blake has been the subject of three (3) regulatory events, one (1) criminal event, and eight (8) 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 Robert Frederick Blake.
Who Is Robert Frederick Blake?
- Advisor Name: Robert Frederick Blake
- Aliases: Robert Blake
- CRD: 22955
- Location: Greenwood Village, Colorado
- Current Employer: Currently Not Registered
- Previous Firms: Cambridge Investment Research, Inc., Presidential Brokerage, Inc., and Auerbach, Pollak & Richardson Inc.
- Number of Known Customer Complaints: 8
- Number of Known Regulatory Events: 3
- Number of Known Criminal Event: 1
- Can Robert Blake Be Sued: Yes, in Private Arbitration
- Can Robert Blake’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $385,000
- Highest Settlement: $87,500
If you have suffered investment losses by Robert Blake, 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 Robert Blake For Broker Misconduct
As of this publication date, Robert Blake has been the subject of 3 regulatory events, 1 criminal event, and 8 customer disputes. Let’s review them below.
In November 2020, a FINRA arbitration was filed against or in reference to Robert Blake by a customer of Cambridge Investment Research, Inc. alleging that Mr. Blake sold unsuitable investments. Per the customer, he/she lost over $50,000 due to Mr. Blake’s actions. On March 22, 2021, Mr. Blake settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In November 2017, a complaint was filed against or in reference to Robert Blake by a customer of Cambridge Investment Research, Inc. alleging that Mr. Blake did not properly explain the illiquidity of REIT investments. The client also added allegations of forgery of signature, and improper fees assessed. Per the customer, he/she lost over $10,000 due to Mr. Blake’s actions.
In December 2014, a FINRA arbitration was filed against or in reference to Robert Blake by a customer of Presidential Brokerage, Inc. alleging Mr. Blake of suitability, fraud, misleading statements, misleading omissions of material statements, breach of fiduciary duty, negligent misrepresentation, negligence, and breach of contract in June 2008. Per the customer, he/she lost over $385,000 due to Mr. Blake’s actions. On January 25, 2017, Mr. Blake settled the claim for $87,500, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In August 2014, a FINRA arbitration was filed against or in reference to Robert Blake by a customer of Cambridge Investment Research, Inc. alleging Mr. Blake of breach of fiduciary duty and negligence as funds were allegedly distributed from the client’s account, sent to and cashed by an unknown and unaffiliated third party. Per the customer, he/she lost over $49,840 due to Mr. Blake’s actions. On March 6, 2015, Mr. Blake settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In August 2014, a complaint was filed against or in reference to Robert Blake by a customer of Cambridge Investment Research, Inc. alleging that Mr. Blake misled the client and failed to disclose material facts regarding her investments. The client alleges that Mr. Blake did not inform her eight (8) investments would be “illiquid.” The client further alleges that Mr. Blake did not provide her with a contract about purchasing an Allianz Life Pro+ Fixed Index Universal Life Insurance Policy. Per the customer, she lost over $93,000 due to Mr. Blake’s actions.
In January 2010, a complaint was filed against or in reference to Robert Blake by a customer of Presidential Brokerage, Inc. with allegations of suitability. The client purchased an FDIC-insured index linked annuity in February 2009. Due to unprecedented advances in the S&P index the CD triggered a “knock-out” event after just 6 months, meaning the client would only receive his original principal if held to maturity on March 1, 2011. Further, the client opted to sell instead in October 2009 suffering a loss of $4,200. Per the customer, he lost over $9,750 due to Mr. Blake’s actions. On February 26, 2010, Mr. Blake settled the claim for $1,875, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In December 1997, Illinois Securities Department initiated a regulatory event against or in reference to Robert Blake as respondent’s registration as a salesperson may be revoked based upon an order entered by the NASD.
In December 1995, National Association of Securities Dealer, Inc. initiated a regulatory event against or in reference to Robert Black for dissemination of nonconforming sales literature, misrepresentation, exaggerated claims, and omissions to disclose and unsuitable recommendations.
In November 1995, a NASD arbitration was filed against or in reference to Robert Blake by customers of RAF Financial Corp. alleging Mr. Blake of account related-breach of contract; suitability; churning; unauthorized trading, relief requested: punitive/exemplary damages – $500,000 jointly and severally. Per the customers, they lost over $150,000 due to Mr. Blake’s actions. On December 5, 1996, Mr. Blake paid the award amount of $77,100, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In March 1995, an NASD arbitration was filed against or in reference to Robert Blake by customers of American Fronteer Financial Corporation alleging Mr. Blake of misrepresentation, omission of facts, breach of fiduciary duty, failure to disclose material facts, and inducement. Per the customers, they lost over $893,594.84 due to Mr. Blake’s actions. On December 23, 1996, Mr. Blake paid the award amount of $19,874.50, and some or all of this amount may have been paid by Mr. Blake’s employer and/or insurance carrier.
In September 1982, Georgia Initiated a regulatory event against or in reference to Robert Blake for conducting securities transactions with Georgia residents prior to filing application for registration.
In December 1974, the Denver Co Police Department charged Mr. Blake with misdemeanor charges related to petty theft, i.e. shoplifting from Target store.
How To File A Claim Against Robert Blake (previously with Cambridge Investment Research, Inc., Presidential Brokerage, Inc., and Auerbach, Pollak & Richardson Inc.) To Get Your Money Back.
If you have questions about Robert Blake, Cambridge Investment Research, Inc., Presidential Brokerage, Inc., Auerbach, Pollak & Richardson 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. Our team has recovered approximately $25 million dollars on behalf of investors who lost money due to bad advice by their broker or brokerage firm. We’d love to help you out too.
