Securities Lawyers Blog
According to records kept by The Financial Industry Regulatory Authority (FINRA) financial Broker Robert Armstrong (Armstrong), previously associated with Dawson James Securities, INC., has at least one disclosable event. These events include one customer complaint, alleging that Armstrong recommended unsuitable investments in different investment products including debt securities among other allegations and complaints.
FINRA BrokerCheck shows a pending customer complaint with a damage request of $2,330,000.00 on May 12, 2021.
Customer claims that rep’s failure to sell shares of a sub NASDAQ security not held at rep’s clearing firm resulted in lost profits of approximately $2,000,000.00. This occurred, per the customer, during February 2021. UPDATE 8/31/22. Arbitration received by firm on 8/29/22. Customer alleges in statement of claim breach of fiduciary duty and neglicence in regards to unsold shares of HCMC.