Securities Lawyers Blog
The law offices of Gana Weinstein LLP are currently investigating multiple claims that advisor Robert High (High) has engaged in a misappropriation scheme. High, formerly registered with First Financial Equity Corporation (First Financial) and operating out of Scottsdale, Arizona, has been accused by a customer of engaging in securities fraud and misappropriating funds.
In February 2019 the Federal Bureau of Investigation (FBI) opened an investigation into High for alleged misappropriation of funds and forgery. Shortly thereafter First Financial terminated High claiming that he was in violation of firm’s policies. In March 2019 a client filed a complaint alleging that High misappropriated funds causing $146,000 in funds. The claim is currently pending.
Also in March 2019, FINRA suspended High for failing to respond to the regulator’s requests for documents and information. If High continues to fail to respond he will be barred from the securities industry.