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Academy Financial’s Rob Eisenberg Has $225K Oil & Gas Complaint
Vienna, Virginia financial advisor Rob Eisenberg (CRD# 1539655) has received an investor complaint alleging his oil and gas investment recommendations resulted in losses. Financial Industry Regulatory Authority records show that he is a representative of Academy Financial, which offers securities through Lincoln Financial Advisors.
Mr. Eisenberg’s BrokerCheck report discloses one investor complaint against him. Filed in February 2022, it alleged that as a representative of Lincoln Financial Advisors Corporation, he recommended an unsuitable investment in an oil and gas program. The pending complaint alleges damages of $225,000.
FINRA rules and guidance stipulate that brokers and investment advisers must abide by a standard called “suitability.” Essentially, brokers and advisers must “have a reasonable basis to believe a recommended transaction or investment strategy” is appropriate for the customer’s investment profile. An investment profile is drawn from various factors, like the customer’s age, financial situation and needs, tax status, investment goals, and risk tolerance. FINRA Rule 2111 states that brokers must “have a firm understanding of both the product and the customer.” If they do not have an understanding of either of these things, they have broken the rule. Additional reading on the rules governing the suitability standard can be found via FINRA’s online resources.
According to the Financial Industry Regulatory Authority, Rob Eisenberg holds 35 years of securities industry experience. Based in Vienna, Virginia, he has been a representative of Lincoln Financial Advisors (operating as Academy Financial) since 1998. His past registrations include the Lincoln National Life Insurance Company (Vienna, Virginia; 2005-2006) and Cigna Financial Advisors (Radnor, Pennsylvania; 1986-1998). His credentials include the passage of six securities industry qualifying exams: the Investment Company Products/Variable Contracts Representative Examination, or Series 6; the Uniform Investment Adviser Law Examination, or Series 65; the Direct Participation Programs Representative Examination, or Series 22; the Uniform Securities Agent State Law Examination, or Series 63; the General Securities Representative Examination, or Series 7; and the Securities Industry Essentials Examination, or SIE. He holds 35 state licenses. (Information current as of June 7, 2022.)
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.