Robert Newman (Robert N. Newman) has consented to a sanction from FINRA (the Financial Industry Regulatory Authority). FINRA is a non-governmental regulator of securities firms that focuses on investor protection and market integrity through effective and efficient regulation of the securities industry. The attorneys of Fishman Investment Fraud Lawyers are currently investigating possible claims against stockbroker Robert Newman.
In May 2018 Robert Newman was fined $5,000 and suspended for 10 days from practicing as a broker. Robert Newman worked for Morgan Stanley in Los Angeles, California from March 2005 to the present.
Robert Newman was previously associated with UBS Financial Services.
FINRA alleges that Robert Newman engaged in the following misconduct: exercised discretion in one customer’s account without prior written authorization from the customer or from the firm. This conduct violates NASD Rule 2510(b) and FINRA Rule 2010.
Robert Newman voluntarily resigned from UBS Financial Services in March 2005 following allegations that he did not provide consistent answers during an internal review of his actions.
Robert Newman has been the subject of at least 2 customer disputes.
If you invested money through Robert Newman, we would like to talk to you. Fishman Investment Fraud Lawyers are experienced securities litigators. We have helped hundreds of clients recover their losses that were due to broker fraud or negligence. Contact us today to discuss your options and receive a free consultation.
Fishman Investment Fraud Lawyers represents investors who have suffered investment losses in claims against their brokers or financial advisors. Our experienced attorneys have brought securities fraud cases in state and federal courts across the nation, as well as in FINRA arbitration. We work to help investors recoup their losses.
Of course, all cases are different. For that reason, we analyze each client’s matter individually and provide our personalized evaluation only after considering all of the facts and circumstances of all possible claims. If you or someone you know is the victim of securities fraud, please contact a Fishman Haygood Investment Fraud lawyer today.
