Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Walker (Walker), currently associated with Liberty Capital Investment Corporation, has at least one disclosable event. These events include one customer complaint, alleging that Walker recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a settled customer complaint with a damage request of $572,100.00 on March 23, 2023.
A claim was filed against Liberty Capital Investment Corporation by clients who reside outside of the United States. The claim alleged Liberty Capital permitted extended family members of the account holders to withdraw funds without the account holder’s permission, despite said family members having Power of Attorney and Liberty Capital having signed instructions for the transactions. Robert Walker and Gary Purpura were not named as respondents in the claim, but the claim represented they were the individuals responsible for the accounts at issue. Liberty continues to assert that the claims are false, and that Liberty acted only upon signed documentation for each of the transactions. In order to avoid the expense of further litigation not covered by insurance, Liberty has settled in mediation for a fraction of the original claim without admitting any wrongdoing.