Close Menu
Free Consultation: 888-976-6111

Robert Omohundro: LCORE Advisor Lands Suitability Complaint

Atlanta financial advisor Robert Omohundro (CRD# 2415942) has received multiple investor complaints alleging that he recommended unsuitable investments, resulting in losses. Financial Industry Regulatory Authority records show that he is currently registered as a broker and an investment advisor with Alexander Capital, doing business as LCORE Wealth Management.

Mr. Omohundro’s BrokerCheck report discloses multiple investor complaints. The most recent, filed in January 2024, alleges that as a representative of Centaurus Financial, he recommended “unsuitable investments and investment strategies in various illiquid alternative investments.” The pending complaint alleges unspecified damages that potentially exceed $5,000.

An earlier investor complaint, filed in 2021, alleged that as a representative of Cetera Financial and Centaurus Financial, he recommended unsuitable investments and over-concentrated the customers’ holdings. In 2022 the complaint reached a settlement of $5,000.

A third complaint, filed in 2015, alleged that as a representative of JP Turner & Company and Centaurus Financial, he misrepresented material facts, recommended unsuitable real estate securities, acted negligently, violated federal and state securities laws, breached contract, and breached his fiduciary duty. The complaint reached a settlement of $6,516.

A fourth complaint, filed in 2004, alleged that as a representative of Wachovia Securities Financial Network, he recommended unsuitable investments and made unauthorized trades. The complaint reached a settlement of $25,000.

LCORE Wealth Management’s website includes a profile of Mr. Omohundro that describes him as the firm’s CEO. “Through the years of experience and training, I have learned to provide clear, easily understood explanations of Financial concepts, markets, and products,” he writes in the profile. “I work closely with each of my clients to develop a personalized roadmap to an independent financial future.”

According to the Financial Industry Regulatory Authority, Robert Omohundro holds 30 years of securities industry experience. Based in Atlanta, Georgia, he has been a broker and an investment advisor with Alexander Capital since 2020, doing business as LCORE Wealth Management. His past registrations include Centaurus Financial, JP Turner & Company, MML Investors Services, Wachovia Securities, Raymond James Financial Services, Robert Thomas Securities, JC Bradford & Company, and Burnett Grey & Company. His credentials include the passage of four securities industry qualifying exams: the General Securities Principal Examination, or Series 24; the General Securities Representative Examination, or Series 7; the Securities Industry Essentials Examination, or SIE; and the Uniform Securities Agent State Law Examination, or Series 63. He holds 28 state licenses. (Information current as of March 24, 2024.)

Carlson Law represents investors throughout the United States in claims against financial advisors and investment firms. If you or a loved one have suffered investment losses, please call us at 888-976-6111 or complete our contact form for a free and confidential consultation.

Facebook Twitter LinkedIn
Contact Us For A Free Case Evaluation
protected by reCAPTCHA Privacy - Terms
Latest Blog Posts
  • Dale Hester: Texas Investigates Calton & Associates Advisor

    Canton, Texas financial advisor Dale Hester (CRD# 1992112) is under investigation by state securities authorities for allegations of misconduct. Financial...

    Read More
  • Ray Anthony: $558K Complaint Against Fincadia Advisor

    Sunrise, Florida financial advisor Ray Anthony (CRD# 4565686) allegedly misrepresented an investment, according to a recent investor complaint. Financial Industry...

    Read More
  • Frank Bodi: Asset Strategies Advisor Fired by Landolt Securities

    Former Solon, Ohio financial advisor Frank Bodi (CRD# 1107838) was recently fired from a former member firm in connection with...

    Read More
  • Edward Prince: $140K Complaint Against Moloney Advisor

    Kansas City, Missouri financial advisor Edward Prince (CRD# 4647442) recently received an investor complaint alleging that his conduct resulted in...

    Read More
  • Previous
  • Next