Advisor Alert: Our Attorneys Are Investigating Robert Morris Friedman For Investment Fraud
Did You Lose Money Because of Robert Friedman?
Filed: October 26, 2023
Robert Morris Friedman has been the subject of one (1) termination event and three (3) 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 Morris Friedman.
Who Is Robert Morris Friedman of Osaic Wealth, Inc.?
- Advisor Name: Robert Morris Friedman
- Aliases: Robert Friedman
- CRD: 807233
- Location: Coral Springs, Florida
- Current Employer: Osaic Wealth, Inc.
- Previous Firms: Prudential Financial Planning Services, Pruco Securities Corporation, and EQ Financial Consultants, Inc.
- Number of Known Customer Complaints: 3
- Number of Known Regulatory Events: 1
- Can Robert Friedman Be Sued: Yes, in Private Arbitration
- Can Robert Friedman’s Employers Be Sued For Failing to Supervise His Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $295,000
- Highest Settlement: $50,000
If you have suffered investment losses by Robert Friedman, we strongly encourage you to exercise your rights to experienced legal representation. Recover what is owed to you by retaining a stockbroker 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 Morris Friedman For Broker Misconduct
As of this publication date, Robert Friedman has been the subject of 1 customer dispute. Let’s review it below.
In April 2023, a complaint was filed against or in reference to Robert Friedman by a customer of Equitable Life Assurance Society of The United States alleging that Mr. Friedman misrepresented the sale of the client’s Variable Universal Life policy dated December 31, 1994. Customer alleges the premium was not properly disclosed in the sale of the policy.
In November 2003, Pruco Securities terminated Robert Friedman for a number of compliance and control issues in an agency Friedman managed.
In June 1999, a complaint was filed against or in reference to Robert Friedman by a customer of Equitable Life alleging misrepresentation relating to premium payments during the purchase of variable life insurance policies. On September 2, 1999, Mr. Friedman settled the claim for $21,751.18, and some or all of this amount may have been paid by Mr. Friedman’s employer and/or insurance carrier.
In March 1998, a complaint was filed against or in reference to Robert Friedman by a customer of Equitable Life alleging that Mr. Friedman made unsuitable recommendations. Per the customer, he/she lost over $295,000 because of Mr. Friedman’s actions. On March 11, 1999, Mr. Friedman settled the claim for $50,000, and some or all of this amount may have been paid by Mr. Friedman’s employer and/or insurance carrier.
How To File A Claim Against Robert Morris Friedman of Osaic Wealth, Inc. (previously with Prudential Financial Planning Services, Pruco Securities Corporation, and EQ Financial Consultants, Inc.) To Get Your Money Back.
If you have questions about Robert Friedman, Osaic Wealth, Inc., Prudential Financial Planning Services, Pruco Securities Corporation, EQ Financial Consultants, 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.