Advisor Alert: Our Attorneys Are Investigating Robert Edward Micone For Investment Fraud
Did You Lose Money Because of Robert Micone?
Filed: October 27, 2023
Robert Micone has been the subject of one (1) criminal event and four (4) 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 Edward Micone.
Who Is Robert Edward Micone?
- Advisor Name: Robert Edward Micone
- Aliases: Robert Micone
- CRD: 2417434
- Location: Irvine, California
- Current Employer: Currently Not Registered
- Previous Firms: LPL Financial LLC, Standard Investment Chartered Incorporated, and Securities America, Inc.
- Number of Known Customer Complaints: 4
- Number of Known Criminal Events: 1
- Can Robert Micone Be Sued: Yes, in Private Arbitration
- Can Robert Micone’s Employers Be Sued For Failing to Supervise Actions: Yes, in Private Arbitration
- Highest Damages Allegation: $300,000
- Highest Settlement: $30,000
If you have suffered investment losses by Robert Micone, 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 Micone For Broker Misconduct
As of this publication date, Robert Micone has been the subject of 1 criminal event and 4 customer disputes. Let’s review them below.
In April 2021, a FINRA arbitration was filed against or in reference to Robert Micone by a customer of LPL Financial LLC alleging that Mr. Micone recommended the client to invest in two allegedly unsuitable business development companies in December, 2013 to April 2021. Per the customer, he/she lost over $100,000 because of Mr. Micone’s actions. On July 21, 2022, Mr. Micone settled the claim for $20,000, and some or all of this amount may have been paid by Mr. Micone’s employer and/or insurance carrier.
In June 2020, a FINRA arbitration was filed against or in reference to Robert Micone by multiple customers of LPL Financial LLC alleging they invested in a REIT and a BDC upon Mr. Micone’s misleading recommendation, which did not suit their allegedly conservative investment profile. Per the customers, they lost over $80,000 because of Mr. Micone’s actions.
In August 2019, a FINRA arbitration was filed against or in reference to Robert Micone by a customer of LPL Financial LLC alleging breach of contract, breach of fiduciary duty, negligence, violations of FINRA rules, fraud, misrepresentation, and failure to supervise on behalf of respondent LPL. Per the customer, he/she lost over $55,000 because of Mr. Micone’s actions. On August 31, 2020, Mr. Micone settled the claim for $30,000, and some or all of this amount may have been paid by Mr. Micone’s employer and/or insurance carrier.
In July 1998, a NASD arbitration was filed against or in reference to Robert Micone by a customer of Donald & Company Securities, Inc. alleging breach of fiduciary duty, contract, fraud, and negligence. Per the customer, he/she lost over $300,000 because of Mr. Micone’s actions. An arbitration panel found that Mr. Micone was negligent and awarded $60,000 in favor of the customers.
In December 1978, felony charges were pressed against Mr. Micone in Maryland State Court. Mr. Micone received these charges for speeding, resisting arrest, and assault. On December 10, 1978 all charges were dismissed. Mr. Micone also did not pay any penalty or fine, he only paid minimal court cost upon appearance.
How To File A Claim Against Robert Micone (previously with LPL Financial LLC, Standard Investment Chartered Incorporated, and Securities America, Inc.) To Get Your Money Back.
If you have questions about Robert Micone, LPL Financial LLC, Standard Investment Chartered Incorporated, Securities America, 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.